On October 11th, Stacey R. Carroll, the director of customer service and education at PayScale, will join Xenium in a special Hot Topic event on “Aligning Your Compensation Strategy with Business Priorities.”
Here is an interesting write up from SHRM, featuring Stacey Carroll, that talks about compensation programs:
“I am on a mission to eliminate the stupid things we do in compensation, beginning with across-the-board pay increases,” Carroll declared. Carroll recommended key steps to turn compensation into a driver of business success. These include:
Know your business. Read—and understand—the company’s balance sheet, income statement and cash flow statement. “If you don’t understand something, ask someone, or Google it,” she advised. Comp plans can be particularly sensitive to cash flow, she noted.
Analyze the state of your compensation program. Thisinvolves benchmarking the organization against reliable market data specific to location, industry and size…
You can read the entire article on the SHRM website.
This Special Event will be complimentary to mid-level managers, HR professionals and leaders and will be hosted at the Xenium training facility in Tualatin, Oregon. Check the Xenium website for registration information.