7 comp questions you must be able to answer

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in Centerpiece,Compensation and Benefits,HR Management,Human Resources

When Kenexa High Performance In­­stitute researchers Brenda Kowske and Jack Wiley embarked on a years-long study of best HR practices, they asked thousands of employees worldwide a simple question: What is the most important thing you want from the organization for which you work?

They heard one response over and over: Fair compensation for a day’s work, and enough of it.

For everything else that contributes to employee satisfaction, most people wouldn’t do their jobs free. Com­­pen­­sation is a critical tenet of the employment contract, Kowske and Wiley write in their new book, Respect: Delivering Results by Giving Employees What They Really Want (Jossey-Bass, 2011).

They urge employers interested in attracting and retaining excellent em­­ployees to ask these questions about their compensation practices:

1. Do you have a stated compensation policy? A good policy spells out a broad framework within which decisions about sta...(register to read more)

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