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Let’s move this article forward by level-setting with a few “truths”: ;Harmonization is not about centralization but rather creating the right balance between corporate consistency and divisional flexibility.; ;A structured governance framework with clear steps and decision-makers is essential for successful harmonization of decentralized business units.; ;Standardized platform roles and compensation blueprints create consistency while accommodating necessary divisional variations.; ;Effective change management, including cross-divisional collaboration and executive sponsorship, is critical for successful implementation.; ;Measuring and communicating the business impact of harmonization initiatives reinforces the value of continued alignment efforts.; We will unpack this in the sections to come.

Instead of relying on information supplied by a vendor, the process of calculating ROI typically involves conducting an actuarial investigation using a cohort analysis, a method of grouping and examining data based on shared characteristics of a specific set of individuals, according to Ihrke.

The EU Pay Transparency Directive expands beyond base salary to cover total remuneration, setting new standards for designing, documenting and explaining sales compensation programs.

Then set specific targets going forward to improve on these weak areas, and create a series of milestones to mark your progress.

Having strong analytics and pay administration is more important than ever when addressing compression, she said, and employers need to be deliberate in setting their annual salary budgets.

He noted that employers offering unorthodox perks may lessen the stress of commuting to the office and working set hours, as well as move the needle on creating or bolstering a company’s culture.

In addition, the continuing consolidation of healthcare providers into fewer, larger systems has given them greater ability to work with insurers in setting reimbursement levels.

Many have added new members, and they have spent more time scrutinizing and carefully assessing more comprehensive sets of relevant pay and performance data.

“Are we the kind of place that demands everybody be here and follows this set of rules or the type of place that provides flexibility?”

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