Save time, empower your teams and effectively upgrade your processes with access to this practical Compensation Planning Toolkit and guide. Address common challenges with best-practice templates, step-by-step work plans and maturity diagnostics for any Compensation Planning related project.
Download the Toolkit and in Three Steps you will be guided from idea to implementation results.
The Toolkit contains the following practical and powerful enablers with new and updated Compensation Planning specific requirements:
STEP 1: Get your bearings
Start with...
- The latest quick edition of the Compensation Planning Self Assessment book in PDF containing 49 requirements to perform a quickscan, get an overview and share with stakeholders.
Organized in a data driven improvement cycle RDMAICS (Recognize, Define, Measure, Analyze, Improve, Control and Sustain), check the…
- Example pre-filled Self-Assessment Excel Dashboard to get familiar with results generation
Then find your goals...
STEP 2: Set concrete goals, tasks, dates and numbers you can track
Featuring 994 new and updated case-based questions, organized into seven core areas of process design, this Self-Assessment will help you identify areas in which Compensation Planning improvements can be made.
Examples; 10 of the 994 standard requirements:
- Does the financial organization have policies to prevent the use of illegal predatory consumer adverse sales goals as the bases for evaluation, promotion, discipline or compensation of employees?
- Are you expecting a slow trickle of sales that builds gradually, a shift in which of your offerings are being sold, sales volume back to normal levels, or even a surge in pent up demand?
- Do you believe that succession planning is integrated with other processes of talent management including performance management, training and development, compensation, and assessment?
- Does your organization prohibit employees from considering the salaries, signaling that it may want to restrict access to information in order to keep compensation as low as possible?
- Do your compensation strategies, including at the executive level, reflect the balance and combination of market/economic value and stakeholder/social values you seek to represent?
- How, in your organizations strategic plan and budget, is the board prioritizing equitable compensation and benefits and also encouraging professional growth for all employees?
- Does your organization have policies in place to deal with staffing issues as recruitment, compensation, promotion, conflict resolution/grievance, and supervision?
- What are the relative advantages and disadvantages of using sophisticated management compensation packages to align the interests of managers and shareholders?
- Does the board ensure and approve that the compensation of the senior management members and key personnel is in keeping with your organizations culture?
- Has management reassessed the probability that stock awards containing performance targets will be issued and the related impact on compensation expense?
Complete the self assessment, on your own or with a team in a workshop setting. Use the workbook together with the self assessment requirements spreadsheet:
- The workbook is the latest in-depth complete edition of the Compensation Planning book in PDF containing 994 requirements, which criteria correspond to the criteria in...
Your Compensation Planning self-assessment dashboard which gives you your dynamically prioritized projects-ready tool and shows your organization exactly what to do next:
- The Self-Assessment Excel Dashboard; with the Compensation Planning Self-Assessment and Scorecard you will develop a clear picture of which Compensation Planning areas need attention, which requirements you should focus on and who will be responsible for them:
- Shows your organization instant insight in areas for improvement: Auto generates reports, radar chart for maturity assessment, insights per process and participant and bespoke, ready to use, RACI Matrix
- Gives you a professional Dashboard to guide and perform a thorough Compensation Planning Self-Assessment
- Is secure: Ensures offline data protection of your Self-Assessment results
- Dynamically prioritized projects-ready RACI Matrix shows your organization exactly what to do next:
STEP 3: Implement, Track, follow up and revise strategy
The outcomes of STEP 2, the self assessment, are the inputs for STEP 3; Start and manage Compensation Planning projects with the 62 implementation resources:
- 62 step-by-step Compensation Planning Project Management Form Templates covering over 1500 Compensation Planning project requirements and success criteria:
Examples; 10 of the check box criteria:
- Change Request: What type of changes does change control take into account?
- Stakeholder Management Plan: If a problem has been detected, what tools can be used to determine a root cause?
- Team Member Status Report: Are the attitudes of staff regarding Compensation Planning project work improving?
- Probability and Impact Assessment: What are the risks involved in appointing external agencies to manage the Compensation Planning project?
- Schedule Management Plan: Are all activities captured and do they address all approved work scope in the Compensation Planning project baseline?
- Stakeholder Analysis Matrix: Who holds positions of responsibility in interested organizations?
- Activity Attributes: Have you identified the Activity Leveling Priority code value on each activity?
- Issue Log: Which stakeholders are thought leaders, influences, or early adopters?
- Human Resource Management Plan: Are all key components of a Quality Assurance Plan present?
- Planning Process Group: The Compensation Planning project charter is created in which Compensation Planning project management process group?
Step-by-step and complete Compensation Planning Project Management Forms and Templates including check box criteria and templates.
1.0 Initiating Process Group:
- 1.1 Compensation Planning project Charter
- 1.2 Stakeholder Register
- 1.3 Stakeholder Analysis Matrix
2.0 Planning Process Group:
- 2.1 Compensation Planning project Management Plan
- 2.2 Scope Management Plan
- 2.3 Requirements Management Plan
- 2.4 Requirements Documentation
- 2.5 Requirements Traceability Matrix
- 2.6 Compensation Planning project Scope Statement
- 2.7 Assumption and Constraint Log
- 2.8 Work Breakdown Structure
- 2.9 WBS Dictionary
- 2.10 Schedule Management Plan
- 2.11 Activity List
- 2.12 Activity Attributes
- 2.13 Milestone List
- 2.14 Network Diagram
- 2.15 Activity Resource Requirements
- 2.16 Resource Breakdown Structure
- 2.17 Activity Duration Estimates
- 2.18 Duration Estimating Worksheet
- 2.19 Compensation Planning project Schedule
- 2.20 Cost Management Plan
- 2.21 Activity Cost Estimates
- 2.22 Cost Estimating Worksheet
- 2.23 Cost Baseline
- 2.24 Quality Management Plan
- 2.25 Quality Metrics
- 2.26 Process Improvement Plan
- 2.27 Responsibility Assignment Matrix
- 2.28 Roles and Responsibilities
- 2.29 Human Resource Management Plan
- 2.30 Communications Management Plan
- 2.31 Risk Management Plan
- 2.32 Risk Register
- 2.33 Probability and Impact Assessment
- 2.34 Probability and Impact Matrix
- 2.35 Risk Data Sheet
- 2.36 Procurement Management Plan
- 2.37 Source Selection Criteria
- 2.38 Stakeholder Management Plan
- 2.39 Change Management Plan
3.0 Executing Process Group:
- 3.1 Team Member Status Report
- 3.2 Change Request
- 3.3 Change Log
- 3.4 Decision Log
- 3.5 Quality Audit
- 3.6 Team Directory
- 3.7 Team Operating Agreement
- 3.8 Team Performance Assessment
- 3.9 Team Member Performance Assessment
- 3.10 Issue Log
4.0 Monitoring and Controlling Process Group:
- 4.1 Compensation Planning project Performance Report
- 4.2 Variance Analysis
- 4.3 Earned Value Status
- 4.4 Risk Audit
- 4.5 Contractor Status Report
- 4.6 Formal Acceptance
5.0 Closing Process Group:
- 5.1 Procurement Audit
- 5.2 Contract Close-Out
- 5.3 Compensation Planning project or Phase Close-Out
- 5.4 Lessons Learned
Results
With this Three Step process you will have all the tools you need for any Compensation Planning project with this in-depth Compensation Planning Toolkit.
In using the Toolkit you will be better able to:
- Diagnose Compensation Planning projects, initiatives, organizations, businesses and processes using accepted diagnostic standards and practices
- Implement evidence-based best practice strategies aligned with overall goals
- Integrate recent advances in Compensation Planning and put process design strategies into practice according to best practice guidelines
Defining, designing, creating, and implementing a process to solve a business challenge or meet a business objective is the most valuable role; In EVERY company, organization and department.
Unless you are talking a one-time, single-use project within a business, there should be a process. Whether that process is managed and implemented by humans, AI, or a combination of the two, it needs to be designed by someone with a complex enough perspective to ask the right questions. Someone capable of asking the right questions and step back and say, 'What are we really trying to accomplish here? And is there a different way to look at it?'
This Toolkit empowers people to do just that - whether their title is entrepreneur, manager, consultant, (Vice-)President, CxO etc... - they are the people who rule the future. They are the person who asks the right questions to make Compensation Planning investments work better.
This Compensation Planning All-Inclusive Toolkit enables You to be that person.
Includes lifetime updates
Every self assessment comes with Lifetime Updates and Lifetime Free Updated Books. Lifetime Updates is an industry-first feature which allows you to receive verified self assessment updates, ensuring you always have the most accurate information at your fingertips.
