The compensation strategy is a general document about the vision, mission and strategy of compensation and benefits of the organization. Generally, the recession has no impact on the compensation strategy, but the organization has to make some adjustments.
Tag Archives: compensation
Base Salaries in Recession
March 2, 2009 – 8:43 pm
The base salary is the basic compensation component. As it is usually basis for every other compensation component, the base salary is taken as a guaranteed pay to employees every period.
Pay me my bonuses
February 16, 2009 – 8:55 pm
As you can see, the bonuses have a special role in the current business world. The bonuses should be a small extra for the effort and performance given to the organization. The bonus should be paid, when the organization has the profit to pay bonuses from. But reading the newspapers, the banks in troubles plan [...]
Fair Compensation Scheme
May 26, 2008 – 7:19 pm
Fair compensation scheme is a dream for many HR Professionals. In reality, the fair compensation scheme does not exist, just the compensation scheme, the business is able to accept and employees understand the principles.
The company should invest time to design of the compensation scheme and even more time for presentation of the compensation scheme to [...]
