CEOs, HR Work Together to Set Comp Plans
A recent study found that CEO’s get HR advice in setting compensation plans. This includes salary planning, variable compensation plans and bonuses. Are you getting the biggest bang out of your dollars? We assist many clients in evaluating the effectiveness of their compensation plans, assist clients in establishing compensation plans and assist with 2010 planning. As company dollars are being stretched this year and into 2010 – make sure you are spending yours wisely.
Table 1. Who Is Involved in the Planning Process? by Size (FTEs) |
|
HR Dir. |
CFO |
CEO |
VP |
HR Dept. |
Other |
1 to 199 |
51.9% |
46.6% |
81.2% |
21.8% |
6.8% |
33.8% |
200 to 599 |
69.3 |
50.0 |
67.0 |
38.6 |
23.9 |
33.0 |
600 to 1,799 |
75.7 |
63.1 |
74.8 |
34.2 |
40.5 |
26.1 |
1,800 to 6,999 |
68.9 |
53.4 |
61.2 |
48.5 |
43.7 |
33.0 |
7,000 or more |
56.8 |
62.2 |
55.0 |
45.0 |
45.0 |
27.0 |
Overall |
63.7 |
54.9 |
68.5 |
36.8 |
31.1 |
30.6 |
(Source: IOMA) |
Call us or email us today to find out more sheila@laihr.com or 770-248-0401.
Click this link to learn more and to see the survey results by industry.
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