Can technology make your compensation team more effective? Compensation planning is one of the most complex tasks facing the HR professional. It requires the analysis of many different types of data, including:
External compensation market data
Supply and demand of different talent segments
Allowances for location and geographic variance
Economic market conditions
Corporate or organizational culture and conditions
Creating a corporate compensation program is both difficult and time-consuming, and requires a yearly review to balance corporate costs with market rates, balance employee tenure with performance improvement, and ensure compliance with relevant regulations.
In this session, Bersin & Associates' Dr. Katherine Jones will explore how technology solutions can streamline market pricing, survey participation, compensation analysis and program design. Drawing on examples from three large organizations, she will discuss why and how compensation teams should leverage technology to increase their effectiveness and their ability to contribute to the organization's goals on a strategic level.