Helping Managers Talk about PayThe Staff of the Corporate Executive Board
The top priority for two-thirds of compensation executives in 2010 is ensuring that managers accurately and consistently communicate about pay, according to a November 2009 survey by the Compensation Roundtable, a program of The Corporate Executive Board. This priority comes as no surprise: companies want managers to explain pay more effectively because managers can best personalize pay for their employees, explaining why they are being paid a certain amount and what they can do to earn more. In fact, a pay-related communication from a manager has three times the impact on engagement, performance, and retention as that same communication coming from a central function such as HR.
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