Introduction to Compensation: Understanding Compensation Management and its Value
By Geoffrey Griffard Compensation is a crucial aspect of any organization, whether it’s a large corporation or a small startup. Compensation plays a vital role in attracting, retaining, and motivating employees. In this article, we will provide you with a straightforward and general overview of compensation terminology, how compensation is utilized in different types of […]
Total Rewards: Enhancing Employee Satisfaction and Business Success
By Geoffrey Griffard Total Rewards is a comprehensive approach which encompasses all the elements of compensation and benefits offered to employees. In this article, we will provide you with a straightforward and general overview of what Total Rewards is, its impact on businesses, its correlation with compensation practices and policies, and other valuable insights to […]
Is there Cult in your Culture?
By Robert Griffard & Dr. Sumbul Tahir While most people believe they understand what culture means, few can define it. Even business managers may fumble when asked to describe it—triggering heated debates. This lack of clarity, combined with overconfidence, can turn organizational culture into a cult. What is organizational culture? Michael Watkins (2013) reported 300 […]
Compensation Philosophy
What is your company’s compensation philosophy? Did you know that you have one? Every company has a compensation philosophy. Some are explicitly published by the company while others are implicit in the actions taken by various decision makers in the company. There are many who feel they have a philosophy but their employees do not […]
