As a key driver of employee satisfaction, a thoughtful compensation plan designed with the help of a trusted adviser allows employers to attract and retain top talent.
Now, if my years of experience in HR have taught me anything, it’s that compensation strategies are constantly evolving to follow changes regarding company culture, employee priorities or job market demands. In general, companies tend to choose among three types of strategies, depending on their size, reputation, and priorities set by stakeholders: leading, lagging or aligning with the market.
