new compensation program
The company President exclaimed to her new compensation
executive. “Now that you have been in the role for HR, let’s talk about
how to get our valued employees involved in establishing the new compensation
program you were promoted to develop.”
So address the President’s questions –
How do you get employees involved and what are the benefits
of that involvement? Are there any potential drawbacks?
And even though she did not specifically ask, bring to the
table the difference in Job-based versus Person-based structures. But the most
important thing executives want – your answer, your recommendation. So
postulate a specific course of action and address why it is the optimum.
If possible, relate any personal anecdotes or experiences.
