Compensation Planning 2025
What is compensation planning?
Have you ever heard the phrase, “slow down to speed up”? Instead of scrambling at the 11th hour to pull together a lackluster compensation strategy, sometimes the best thing to do is to slow down. In today’s complex labor market, having a competitive compensation strategy is imperative, and taking valuable time to strategize will allow you to get it right the first time and head into the new year with a strong compensation-planning process.
Compensation planning is a yearly process of creating and implementing a structured approach to determine how employees are paid and rewarded for their work within your organization. The goal is to align employee compensation with the organization's goals, the current labor market conditions and their individual performance.
Determining whether your base pay, salary ranges, insured benefits, non-insured benefits, and other direct and indirect compensation offerings are competitive is imperative.
Three solutions to prepare for the compensation planning season 2025
-
Global Compensation Planning Report (GCPR)
Access up-to-date market pay data and economic indicators, enabling organizations of all sizes and operating scopes to make well-informed decisions regarding salary increases
-
Insured Benefits Benchmarking
Retirement benefits are often the second-largest expense as an employer, following salaries and bonuses. Offering competitive packages is essential for attracting and retaining top talent while effectively managing costs. Discover how your pension plan stacks up against the Swiss market or your industry with our comprehensive benchmarking study.
-
Non-Insured Benefits Benchmarking
Unlock a comprehensive overview of non-insured benefits with our "Swiss Non-Insured Benefits Booklet." This valuable resource covers essential topics such as medical allowances, transportation, and maternity leave in Switzerland. Equip yourself with the knowledge to offer market-competitive benefits and stay ahead of the competition!