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Hi fishes,
How is the wlb in Amex?
Someone please tell-
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A clarifying question I have is What you mean by Compensation Alignment Strategy? Where is the misalignment? Why it happened? What are your assumptions? What outcome are you expecting from this appraoch?
Great question. Clarification...
We essentially align with the department lead and the hiring manager on a monthly basis for all staff that are eligible for a compensations review conversation. Because staff have a conversation with their manager around their anniversary, it feels like a week by week conversation with the hiring managers to ensure we are aligned on the strategy for potential comp. increase for their employees. I am new to my role at this company so I am trying to identity if there is a more efficient way to run conversations and updates with leadership around compensation and potentially salary increases for staff without so many random 1 off conversations. Does they make sense?
If you dont have a comp planning system you will die in an excel. Create a spreadsheet by manager, ask them to complete some sort of performance feedback(rating, scale, comment). Create guidelines to assign comp increases, send spreadsheets again with guidelines and a budget. When you receive the spreadsheets have a calibration meeting to double click on some key cases.
Hi OP - did you ever get resources for this?! I’m looking for similar guidance.