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Before Budgeting: Tips For Compensation Planning
Compensation planning is certainly one of the most important tasks for HR. And, compensation planning is changing. With the global pandemic and economic challenges, many companies are taking a hard look at how they deliver compensation. Organizing your inputs and understanding your desired outcomes are key to a successful planning process. Sometimes the hardest question of all is, “where do I begin?”
In this white paper, not only will you find a budgeting calendar/checklist but you will discover how to streamline and understand your compensation planning.
Explore:
- Questions you should ask to understand your budget approval process
- How to analyze your annual compensation plan using multiple perspectives
- Adjustments that can be made to go beyond annual increases
- And more
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About our Sponsor, Mercer:
At Mercer, we believe in building brighter futures. Mercer Career Products is a leading provider of compensation and benefits information, created from one of the largest warehouses of employer-reported data. Our data spans the globe and crosses most industries, providing you with robust, relevant data for all of your compensation, benefits, and employee mobility needs.