Quincy Valencia's Analyst Perspectives

Total Compensation Imperatives for Every Organization

Posted by Quincy Valencia on Jun 22, 2022 3:00:00 AM

Compensation management is a key talent management process involving all workers and managers within an organization. Determining and providing the appropriate compensation for each person — whether it involves base pay, merit pay, or variable pay and incentives such as bonuses — is critical to being able to attract and retain productive members of the workforce, including full- and part-time employees, contingent workers and contractors. The complexities of compensation often prove to be a core challenge for human resources departments as they strive to keep the organization productive, satisfied and motivated while ensuring equitable and defensible pay practices across the entire workforce.

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Topics: Human Capital Management, Total Compensation Management

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