y Group - Fiscal Management of Compensation.pdf

文档介绍：Fiscal Management pensation
Findings from Research Conducted by Hay Group,
Loyola University Chicago, and WorldatWork
WorldatWork International Conference
May 25, 2005
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Contact Information
Thomas D. McMullen Dow Scott, .
Senior Consultant Professor of Human Resources
Hay Group Chicago School of Business Admin.
Phone: Loyola University Chicago
E-Mail: tom_mcmullen@ Phone:
E-Mail: ******@
Richard S. Sperling, CCP
Senior Consultant
Hay Group Chicago
Phone:
E-Mail: richard_sperling@
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Purpose of This Study
„ To understand the practices of panies design,
manage, and control pensation programs.
„ To understand how anization characteristics
impact fiscal management.
„ To extend our research pensation practices and
organization effectiveness.
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Fiscal Management pensation
„ Controlling cost and managing pay strategically is
fundamental anization efficiency and effectiveness
„ plex decision processes that includes senior
management, pensation, and Finance
„ Variety of approaches for pensation budgets
and allocating responsibility
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Study Methodology
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Study Methodology
„ Focused on managerial and professional employees.
„ Developed and pilot tested on-line survey.
„ Surveyed 5,000 WorldatWork members and Hay Group
registered website users.
„ Compared fiscal management pay practices with
organization effectiveness measures.
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Topics Surveyed
„ Role pensation/HR managers
„ Compensation budgeting
„ Pay delivery management
„ Pay and performance linkages
„ Effectiveness of fiscal management practices
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