Your compensation philosophy is the bedrock of your compensation program. Building a great one can be tough to get right, but can supercharge the efficiency of your compensation and overall people strategy.
This compensation philosophy example is intended to give you the foundation to build a rock-solid compensation practice for your organization and its people.
3 reasons compensation philosophies matter:
It's a crucial way to get leadership alignment and buy-in on your compensation program
You can (and should) build the rest of your compensation strategy based on it
Starting with a philosophy is the best way to measure your compensation program’s effectiveness
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Assemble is a compensation management platform for forward-thinking organizations. We help companies make systematic compensation decisions to attract, motivate, and retain employees while eliminating inequitable pay.