By Robert S. Nadel, DPA

1.Define the problems most frequently stated in your company
   - how stated as compensation issues?
   - what are the business issues behind the compensation issues?

2. Collect data about the problem from different points of view.

3. Develop summary and discuss with top management.

4. Your role as HR/Compensation professionals.

5. Define parameter of proposed solution.

6. Collect data to back your solution.

7. Aim to achieve Internal Fairness, and External References to the Market

8. Develop a Base Salary Plan

9. Consider the Principles of all types of incentives

10. Develop Annual Incentives

11. Develop Long Term Incentives

12. The Role of benefits in the Total Mix of your Compensation Plan

13. Specialized Industry, Functional, or other labor market conditions

14. Alternative (Alternatives to) Compensation

15. Design Appropriate Administrative Procedures

16. Communications

Contact Robert Nadel at rsnadel@hrspectrum.com for info about full presentation.

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