People Processes

U.S. employers eye improvements to compensation programs Growing pressure to improve their pay-for-performance programs and ensure fair pay throughout the workplace is sparking changes to corporate America’s employee compensation and performance management programs, according to Willis Towers Watson’s https://www.willistowerswatson.com/en/insights/2018/06/2018-getting-compensation-right-survey-global-findings-report (2018 Getting Compensation Right Survey). The survey revealed several factors are prompting employers to make or consider changes to their programs, including cost (71 percent), manager feedback (63 percent), changing marketplace (61 percent) and feedback from employees (59 percent). Changes respondents are planning to make this year, or considering over the next three years, include: Base pay and annual incentive plans: The changing nature of work and new skills requirements are fueling employers to reassess these programs. Forty-five percent are planning on or considering redesi