HRO Today May 2018 - 52

The Benefi ts Package
REFINING COMPENSATION
In order to remain competitive, organizations need to build strategy
around their pay practices.
By Wendy Brown
2017 was a year of transformation for compensation
practices. More and more states banned the salary
history question, pay equity laws became more
prevalent, and major tax reform bills threw payroll into
disarray. With the unemployment rate at historic lows,
employees gained many more options when it came to
employment opportunities.
And now, in order to attract and retain the best talent,
organizations have turned their attention to cultivating
a top-notch employee experience that they can really
brag about. The challenge they all face? A well-executed
[52]
HRO TODAY MAGAZINE
| MAY 2018
employee experience relies heavily on three things that
managers need to do:
* coach and train employees;
* effectively share sensitive information about
compensation and performance; and
* recognize employees for their contributions.
But do organizations provide managers with the
training, resources, and opportunities needed to be able

HRO Today May 2018

Table of Contents for the Digital Edition of HRO Today May 2018

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