Lance A. Berger Lance A. Berger & Associates, Ltd.

Based on Chapter 1 sixth edition of the Compensation Handbook Copyright © 2015 by McGraw-Hill Education

The State of the Compensation Practice

The State of the Compensation Practice

ExpertiseCodified methodologies Decision-making tools DatabasesMonitoring

The State of the Compensation Practice

BasicOperationalTacticalStrategic

Expertise

Compensation PhilosophyCompensation StrategySalary Administration

Codified Methodologies

Performance appraisal choicesJob evaluation optionsVariable Compensation alternativesStrategy variants

Decision-Making Tools

High qualityTimelyCredibleCost effectiveComprehensive

Databases

AppropriatenessEffectivenessApplicability

Monitoring

Expertise Codified methodologies Decision-making tools Databases Monitoring

The State of the Compensation Practice