2. Organization is … OPEN SYSTEM EVALUATION & FEEDBACK DRIVEN BY VALUE : Fairness & Healthy
3. Roadmap STAR Process in Organization Finance/Profit Customers VISION & STRATEGY Internal Business Process Learn and Growth STRATEGIC TURN TO ACTION !
4. Become an EFFECTIVE … All The Way VISION & STRATEGY Effective Compensation System
6. Objectives of an Effective Compensation System 1. Employee attraction, motivation and retention 2. Externally competitive 3. Equitable, fair and rewarding 4. Legal compliance 5. Cost-effective 6. Compatible with mission and culture
7. 8 Steps in the Development of a Compensation System