Compensation
PartnerComm is an industry leader in compensation communication. Exactly how to communicate compensation to employees is sort of like a mystery. Every two weeks, a sum of money drops into an employee’s bank account, and only a cryptic statement offers any clue to what it means.
Why don’t we communicate more about pay? Why should employee benefits get all the attention? Let’s work together to solve the mystery of money.
Communicating Compensation
Compensation — in all its forms — rewards your employees for what they do. And if a compensation plan is well-designed, it spurs them to go on doing it, only even better. Do this, earn that. It sounds simple.
But whether it’s simply salary, incentive and sales compensation or those intricate equity-based payments that stretch over years, you’re pumping millions through those pay pipelines. Your costly and often complex compensation plans have been designed to elicit the behavior that’s best for your business. Can you afford to have employees who don’t see the connection?
For example, there may be numerous steps between measuring an employee’s performance and that year-end bonus. So, it’s essential that you maintain a clear line of sight, or you risk losing the “incentive” in incentive compensation. Clear, effective employee communication must be part of your strategy, and not just when the year’s over but throughout the assessment period, while there’s still time for workers to max out those payments.
At PartnerComm, we know how to talk to people about money, from hourly wages to complex stock options. Our compensation communication experts understand the intricacies of today’s pay programs, and they know how to explain them in the simplest, clearest words (and pictures and animations), so your people can make that connection between what they do and what they earn.
You spend so much on your employees’ compensation. Isn’t it worth making sure they know what it’s for? Contact us today. We can help.