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Compensation ROI can be measured in many ways. These include costs or savings associated with turnover, replacement costs, recruitment and retention, and employee engagement and productivity. Ways to measure your compensation programs include the following:
Compensation ROI can be measured in many ways. These include costs or savings associated with turnover, replacement costs, recruitment and retention, and employee engagement and productivity. Ways to measure your compensation programs include the following:
These can provide essential information for managing costs and putting compensation ROI in perspective. Thus, they should be conducted periodically to keep your organization on track and enhance your competitive position in the marketplace.
Ultimately, a company’s compensation strategy should support and help drive the success of the business plan.
We are partners with the best compensation technology companies in the world, such as Payscale (Compensation data, annual compensation review, and pay equity) and Performio (Sales compensation)
We implement this technology to optimize processes, drive efficiency, and improve program effectiveness. Click below to find out more about how these solutions can help your company.
Our firm is rooted in honesty, authenticity, and pragmatic solutions for your business challenges.
We do not just service our clients with human resources offerings, we know them as people and build strong relationships with those engaged in healthy interactions with us.
Charlotte Office: 803-325-4523