Featured Service: AMJETT
(Atwater Martin Job Evaluation Technology Tool)
The compensation system of an organization is a critical component of the overall human resources strategy to preserve the company’s competitiveness and success. The compensation system is very important in providing an approach to recruit and retain highly skilled and quality talent. For alignment and to receive a high return on your investment, it is key to link compensation to overall goals and strategies.
Compensation systems must be designed to ensure that the company is rewarding the essential elements of jobs that will ultimately allow the organization to realize success. Having a customized, formal job architecture will provide:
- pay based on the strategic goals of the organization
- a framework that will determine the value of jobs under a fair and equitable assessment process
- consistent job titles
Are you having second thoughts on your organization’s approach to compensation?