One of the most important but difficult parts of building your People strategy is determining the right budget. You need to consider a range of factors including your compensation philosophy, your company goals, and the happiness of your employees. You’ll also need to factor in your planned promotions, hiring plan, and standard merit increases for strong performers. Spend too much and you’ll be hearing from your board or investors. Spend too little and you’ll have a retention issue. You need to strike the perfect balance. As a People & Finance Leaders, it’s your responsibility to come to the table with a proposal that drives the best outcomes.
A deep dive into how organizations can structure an equity program that attracts top talent and rewards top performers.
To grow your team and retain top talent, you need to have compensation bands that are competitive and aligned with current market rates. Learn how to use real-time market data to build your salary bands (and keep them up-to-date).