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Craft a Compensation Philosophy
Blueprint: Total Rewards
A clear compensation philosophy supports strategic decisions that optimize compensation costs while enabling organizations to effectively compete for talent in a competitive labor market.
Lay the groundwork for compensation that is competitive, cost effective, and brand aligned.
A clear compensation philosophy supports strategic decisions that optimize compensation costs while enabling organizations to effectively compete for talent in a competitive labor market. Lay the groundwork for compensation that is competitive, cost effective, and brand aligned.
Compensation Philosophy Worksheet
Tools And Templates: Total Rewards
Use this template to document notes, themes, and insights from discussions with executives regarding the internal and external factors that will inform the compensation philosophy, as well as compensation principles and target market positioning strategies.
Compensation Philosophy Template
Tools And Templates: Total Rewards
Use this Compensation Philosophy Template (also known as a Pay Philosophy) to document your organization’s governing principles for compensation programs and activities.
Compensation Philosophy Discussion Guide
Tools And Templates: Total Rewards
Use the Compensation Philosophy Discussion Guide to structure discussions with executives to inform the development of the organization’s compensation philosophy.
Craft a Compensation Philosophy Executive Briefing
Note: Total Rewards
Use this executive briefing to make the case to your executive team for crafting a compensation philosophy.
Design a Purposeful Pay for Performance Program
Blueprint: Total Rewards
Use this research to build an intentional pay for performance program that meaningfully links organizational results to rewards and increases employee productivity, retention, motivation, and engagement.
Effectively link pay and performance to drive measurable organizational impact.
Use this research to build an intentional pay for performance program that meaningfully links organizational results to rewards and increases employee productivity, retention, motivation, and engagement. Effectively link pay and performance to drive measurable organizational impact.
Pay for Performance
Academy Course: Total Rewards
Examine how to align pay for performance with an organization’s context and people strategy, defining objectives for the approach and selecting appropriate methods to determine annual base pay increases and bonuses.
Design a Purposeful Pay for Performance Program Executive Briefing
Note: Total Rewards
Use this briefing to make the case for designing a pay for performance program to the executive team.
Case Studies: Design a Purposeful Pay for Performance Program
Note: Total Rewards
Refer to these case studies for examples of purposefully designed pay for performance programs.
Pay for Performance Workbook
Tools And Templates: Total Rewards
Use this workbook to document key information about the program purpose, design, and launch.
Design a Base Pay Structure
Blueprint: Total Rewards
Compensation, specifically base pay, is usually the highest organizational cost, and a significant factor in employee attraction and retention. While few organizations lack any structure for base pay at all, many do not have a proper, equitable, consistent, and flexible approach.
Balance internal equity and market competitiveness to build an effective base pay structure.
By the end of this course, learners will be able to design comprehensive compensation packages that attract and retain top talent, apply principles of equity and fairness to foster a positive work environment, and use market data to ensure competitive salary structures.
The Essentials of Compensation
Academy Course: Total Rewards
By the end of this course, learners will be able to design comprehensive compensation packages that attract and retain top talent, apply principles of equity and fairness to foster a positive work environment, and use market data to ensure competitive salary structures.
Base Pay Structure Tool
Tools And Templates: Total Rewards
Create a base pay structure that is internally and externally equitable by balancing the internal job worth hierarchy with external market competitiveness.
Salary Administration Guidelines
Tools And Templates: Total Rewards
Use this template to establish salary controls in order to avoid salary pain in the future.
Pay Transparency and Communications Plan
Tools And Templates: Total Rewards
Develop a pay transparency strategy that suits your organization and draft a communications plan that aligns to your strategic objectives.
Build a Total Rewards Statement
Blueprint: Total Rewards
A significant amount of employees lack understanding of the actual value of their Total Rewards package. Communicating the Total Rewards offering to potential candidates and current employees will improve retention and the organization’s competitive positioning in the labor market.
Summarize the value of the organization’s Total Rewards offering.
Use this tool to calculate the potential Total Rewards package for candidates.. Help Talent Acquisition Specialists show the potential Total Rewards package to prospective employees, so they understand the full value beyond just base pay. Use the Total Rewards Calculator to calculate:Total Compensation.Insurance Plans.Savings &.
Total Rewards Calculator
Tools And Templates: Total Rewards
Use this tool to calculate the potential Total Rewards package for candidates.
Build a Total Rewards Statement
Video: Total Rewards
Summarize the value of the organization’s Total Rewards offering.
Equip Managers to Conduct Effective Pay Conversations
Blueprint: Learning & Development
Compensation often causes unnecessary stress and confusion between employees and managers. Support managers by providing the understanding, information, and guidance needed to hold successful compensation conversations with their employees.
Prepare managers to engage in difficult conversations about compensation.
Compensation often causes unnecessary stress and confusion between employees and managers. Support managers by providing the understanding, information, and guidance needed to hold successful compensation conversations with their employees. Prepare managers to engage in difficult conversations about compensation.
Build a Total Rewards Strategy
Blueprint: Total Rewards
Compensation and benefits alone are not enough to motivate, engage, and retain employees. Use our research to create a holistic Total Rewards strategy.
Move beyond a traditional approach to total rewards toward a more holistic and flexible strategy.
Compensation and benefits alone are not enough to motivate, engage, and retain employees. Use our research to create a holistic Total Rewards strategy. Move beyond a traditional approach to total rewards toward a more holistic and flexible strategy.
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