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More employers use formal compensation programs

Many of todays pay programs and practices are changing as formalized compensation programs that include written philosophies, salary structures and active performance management are becoming more popular even among small employers since 2003, according to Compensation Programs and Practices 2012, a new study by WorldatWork.

By Amanda McGrory-Dixon | Updated on October 16, 2012

Many of today’s pay programs and practices are changing as formalized compensation programs that include written philosophies, salary structures and active performance management are becoming more popular even among small employers since 2003, according to Compensation Programs and Practices 2012, a new study by WorldatWork.

“For a vast majority of organizations, employee compensation is one of the largest operational expenses and the most difficult to manage,” says Kerry Chou, a Certified Compensation Professional and practice leader at WorldatWork. “We expect to see more compensation professionals applying discipline and rigor to the design and management of pay programs to ensure business objectives are met.”  

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