Compensation strategy using the five dimensions in the Pay Model
Compensation strategy using the five dimensions in the Pay Model
Select a familiar company infer its compensation strategy using the five dimensions in the Pay Model (objectives, internal alignment, external competitiveness, employee contributions, and management). How does the organization compare to Microsoft or Merrill Lynch? What business strategy does it seem to “fit” (i.e., cost cutter, customer-centered, innovator, or something else)?
Pick an organization for which you can access compensation data. Use Glassdoor.com