It is important to oversee your incentive compensation programs during this global healthcare crisis and making appropriate adjustments to account for COVID-19. With insights from compensation experts, your company can stay confident in incentivizing employees for their increased dedication where it’s necessary to maintain company stability. Get insights on how to design and adjust your business’s incentive plans to bring back the momentane you have lost over the last couple of months.
Compensation Best Practices
Strategic Compensation Technology Series: Data & Decision Intelligence – The Foundation of Strategic Compensation
ost organizations treat compensation planning as an annual scramble: budgets get set, spreadsheets proliferate, decisions get made, and then everyone hopes the data was accurate. This reactive approach fails precisely when decisions matter most. Paper 2 examines why compensation modeling demands always-on infrastructure and why “good enough” data quality costs organizations an average of $12.9 million annually in poor decisions, rework, and missed opportunities.
