new compensation program
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The company President exclaimed to her new compensation executive. "Now that you have been in the role for HR, let's talk about how to get our valued employees involved in establishing the new compensation program you were promoted to develop."
So address the President's questions -
How do you get employees involved and what are the benefits of that involvement? Are there any potential drawbacks?
And even though she did not specifically ask, bring to the table the difference in Job-based versus Person-based structures. But the most important thing executives want - your answer, your recommendation. So postulate a specific course of action and address why it is the optimum.
If possible, relate any personal anecdotes or experiences.
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The company President exclaimed to her new compensation executive. "Now that you have been in the role for HR, let's talk about how to get our valued employees involved in establishing the new compensation program you were promoted to develop."
So address the President's questions -
How do you get employees involved and what are the benefits of that involvement?
There are several benefits in getting employees involved in the development of the compensation program. One of the benefits is that the inputs from employees are valuable and they help constructing a compensation package that is equitable and fair. In addition, the firm can openly lay down its objectives for compensation to the employees and can get vital feedback from the employees. Most importantly, when the employees are involved in the development of the compensation package such a package is ...
Education
- BSc , University of Calcutta
- MBA, Eastern Institute for Integrated Learning in Management
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