Compensation Planning
Compensation planning involves the strategic process of determining and administering a fair and competitive salary and benefits package for employees within an organization. This includes analyzing market data, evaluating job roles, setting pay grades, developing incentive programs, and ensuring compliance with legal regulations. The goal of compensation planning is to attract, retain, and motivate employees while also aligning with the overall business objectives of the organization.
External Links
- [xactlycorp.com] Sales Performance Management, Incentive Compensation, Forecasting Planning Solutions
- [qpsi.net] Qualified Pension Services, Inc. | QPSI | Qualified Pension Services, Inc. has administered qualified pension and deferred compensation plans for employers for over 30 years.