Holistic compensation philosophy
Most companies lack a holistic and culture-centric approach to Total Rewards (compensation, benefits, stock options, recognition, etc.) which often results in suboptimal employee performance, higher turnover, and a resistance to change efforts. To address these issues, ROIG developed The Nine Elements of Compensation Philosophy, guiding leadership through the compensation process to align their rewards program with growth and culture goals.
Connecting your Total Rewards program to your growth goals
When companies separate their compensation and Total Rewards programs from their growth planning and cultural goals, there is not only a significant decrease in employee satisfaction, but it also creates the potential for barriers to change efforts. Ultimately this leads to suboptimal performance as well as high turnover.
ROIG developed a Nine Elements of Compensation Philosophy to combat these barriers and guide leadership through the compensation development process. This process leverages our in-depth knowledge of performance analytics and how they connect to strategy, coupled with both financial and human resource acumen.
First Element
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Fourth Element
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Seventh Element
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Second Element
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Fifth Element
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Eighth Element
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Third Element
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Sixth Element
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Ninth Element
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AI adoption is change adoption. The ROIG Group can help ensure that your organization is ready to fully capitalize on the benefits and avoid the risks. Contact us to learn how we can help.
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