Searching Compensation on page 50

Incentive compensation structures are a natural extension of performance frameworks, which are the strategic foundation for executive compensation success.

“It’s crucial to provide visibility into the compensation programs and processes, especially if compensation is seen as a ‘black box.’

;Collect and analyze compensation actually paid (CAP) data.

For employees, a job architecture can provide transparency around the level of work they’re performing today (which should translate into how they are currently compensated) and the skills they likely need to acquire to advance their career (which should impact how they are eventually compensated).

Save Reuse Permission Amid a tight labor market, sales talent is an especially valuable asset, and organizations are implementing several compensation measures to attract and retain them.

For WorldatWork Members Why It’s Time for a Compensation Philosophy Refresh , Workspan Magazine article;How Employers Can Structure and Communicate Appropriate Pay Bands , Workspan Daily Plus+ article;Answers to Common Employee Questions on Pay Transparency , Workspan Daily Plus+ article;2024-2025 Salary Budget Survey , research; For Everyone Workers Are Seeking Greener Pastures, and Higher Pay Is the Driver , Workspan Daily article;How to Measure the Success of Your Annual Compensation Cycle , Workspan Daily article;Essentials of Compensation Management , course;From Transparency to Trust: Elevating Pay Communications , webinar; NEW!

Additional Information This series of courses is ideal for compensation and HR professionals who are responsible for designing compensation programs and influencing pay equity outcomes in U.S.

Editor’s Note: Additional Content For more information and resources related to this article see the pages below, which offer quick access to all WorldatWork content on these topics: Organizational Performance ;Employee Compensation ; Be the First to Know Get the latest news on trends and compliance regarding Total Rewards, compensation and benefits delivered straight to your inbox from WorldatWork's experienced publications team.

Re-Examine Your Pay Ranges; To Offer or Not to Offer Compensation professionals exploring this question — and ways to keep lump-sum merit replacements equitable — in a WorldatWork Engage forum post shared various insights: ;“We move our ranges every year, say 2%, so even an employee who was at the top of the range will get a 2% base pay increase,” said Ken McLean, a senior compensation analyst at Newport News, Va.

Editor’s Note: Additional Content For more information and resources related to this article, see the pages below, which offer quick access to all WorldatWork content on these topics: ;Employee Compensation; ;Employee Recognition; ;Finance and Budgeting; ;Workforce Engagement; #1 Total Rewards & Comp Newsletter Subscribe to Workspan Weekly and always get the latest news on compensation and Total Rewards delivered directly to you.