The "perfect storm" in compensation: convergence of events leads to a greater need to review compensation strategies.
The recent unprecedented convergence of significant strategic events in the compensation arena has created the need for ongoing and extensive compensation planning. This article reviews the events leading to this point, describes the implications of the results from a recent Aon study with WorldatWork, and suggests what employers can do to successfully navigate the "perfect storm" in compensation.
Jones
Robert B
RB
Aon Consulting, Conshohocken, Pennsylvania, USA.
D000066:Accounting; D000288:Administrative Personnel / Q000191:economics*; D003132:Commerce / Q000458:organization & administration; D004465:Economic Competition; D004649:Employee Incentive Plans / Q000639:trends*; D006801:Humans; D007221:Industry / Q000458:organization & administration; D007588:Job Satisfaction; D009042:Motivation; D009937:Organizational Objectives; D016134:Organizational Policy; D012456:Salaries and Fringe Benefits / Q000639:trends*