Compensation Mangement

Topics: Management, Remuneration, Employment compensation Pages: 25 (7217 words) Published: June 23, 2013
Trends in Total Compensation Management
Establishing the Foundation for Compensation Management


Benchmark Research White Paper

Aligning Business and IT To Improve Performance Ventana Research 2603 Camino Ramon, Suite 200 San Ramon, CA 94583 info@ventanaresearch.com (925) 242-2579 www.ventanaresearch.com © Copyright Ventana Research 2012 Do Not Redistribute Without Permission

Ventana Research – Benchmark Research: Trends in Total Compensation Management

San Ramon, California July 2011 Ventana Research performed this research for a fee to determine trends in and attitudes toward the deployment and utilization of compensation management systems. This document is based on our research, and in particular on analysis of information provided by organizations that we deemed qualified to participate in this benchmark research. This research was designed to investigate the compensation management practices and needs of individuals and organizations and the potential benefits from improving their existing processes, information and systems. This research is not intended for use outside of this context and does not imply that organizations are guaranteed success by relying on these results to improve planning. Moreover, gaining the most benefit from improving compensation management requires an assessment of an organization’s unique needs to identify gaps and priorities for improvement. We certify that Ventana Research wrote and edited this report independently, that the analysis contained herein is a faithful representation of our evaluation based on our experience with and knowledge of compensation management, and that the analysis and conclusions are entirely our own.

© Copyright Ventana Research 2012

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Ventana Research – Benchmark Research: Trends in Total Compensation Management

Table of Contents
Executive Summary ...................................................................................... 5 About This Benchmark Research .................................................................. 8 Methodology ................................................................................................. 8 Qualification ................................................................................................. 8 Demographics ............................................................................................... 9 Company Size by Number of Employees ...................................................... 10 Company Size by Annual Revenue .............................................................. 11 Geographic Distribution ............................................................................. 12 Industry .................................................................................................. 13 Job Title .................................................................................................. 14 Role by Functional Area ............................................................................. 15 Key Insights ............................................................................................... 16 The practice of total compensation management is maturing sporadically. ....... 16 Organizations are making progress in prioritizing information and communication about compensation but have more to do. ................................................... 16 The compensation component is an essential part of talent management but often not integrated with it. ....................................................................... 16 The most important benefit of compensation management is workforce alignment to goals. ................................................................................... 17 Some organizations are realizing the inadequacy of spreadsheets for compensation management. ...................................................................... 17 Organizations don’t pay enough attention to key aspects of compensation. ...... 17...
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