Determining Compensation Costs.
Estimating the cost of a compensation program enables us to make informed decisions about merit increase levels as well as when and how frequently increases will be granted. Planning and managing costs are important to striking a strategic balance developing a compensation program that helps our org...
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| Format: | Electronic eBook |
| Language: | English |
| Published: |
Scottsdale :
WorldatWork Press,
2007.
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| Series: | How-to series for the HR professional.
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| Subjects: | |
| Online Access: | CONNECT |
Table of Contents:
- Introduction; Why Is Determining Compensation Cost Important?; General Costing Formula; Focal-Point Plans; Anniversary-Date Merit Plans; Determining Increase Percentage; Promotions and Other Increases; Variable Pay; Compensation Cost Impact on Benefits; Other Cost Factors; Summary Cost Analysis; Budget; The Strategic Balance.
