DestinyKromberg4485 DestinyKromberg4485
  • 07-01-2021
  • Business
contestada

How companies can link their compensation and evaluations to organizational objectives?

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LittleSadderChild
LittleSadderChild LittleSadderChild
  • 07-01-2021

Answer:

For a company’s compensation strategy to be effective, it must be linked to the overall business strategy. Because compensation accounts for 30-60% of business costs, it is essential for organizations to identify the drivers behind pay. For this reason, the foundational step of creating any solid compensation strategy is linking it to the business strategy.

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