By Claudine Kapel
Compensation is the cornerstone of an organization’s employment deal. But effective reward programs deliver a lot more than just dollars. They shape an organization’s ability to attract, retain and engage talent. And they help align employees with what matters most to the business.
This weekly blog will offer insights and commentary to help you navigate the sometimes complex – but always exciting – world of compensation and total rewards.
We’ll be addressing a variety of subjects aimed at helping you maximize the value – and impact – of your organization’s compensation and reward programs. The blog will cover tips and best practices to help you ensure your program designs and practices are delivering the results you want and need.
We’ll be exploring such issues as pay competitiveness, pay for performance, internal equity and pay equity. We’ll look at what it takes to create and manage effective base pay programs and incentive plans and how to avoid common design and administration challenges.
As well, we’ll be examining how organizations can develop and implement a thoughtful total rewards approach that considers both business and employee priorities. Attention to how all the elements in the employment deal come together is essential to balance cost management priorities with the need to attract and retain talent.
Beyond practical tips and insights, we’ll also offer commentary on the latest in compensation news and what it means to you and your organization. We’ll be tracking corporate and regulatory developments, as well as key market trends.
There’s a lot that goes into an effective and inspiring compensation and rewards platform. And we look forward to exploring these with you!
Claudine Kapel is principal of Kapel and Associates Inc., a Toronto-based human resources and communications consulting firm specializing in the design and implementation of compensation and total rewards programs. For more information, visit www.kapelandassociates.com.