You have been asked to determine how well your organisation's remuneration strategy is working. Provide six examples of people you should consult about the effectiveness of the remuneration strategy. Identify three ways you might gather this feedback.
Six examples of people to consult about the effectiveness of the remuneration strategy are Job consultants to check industry standards, management of the company, clients and partners of the company to check employee performance, auditors for compliance with policies and regulations, employees to check their satisfaction of the company policies and compensation, industry experts to advise on the remuneration strategy trends.
Three ways to gather feedback is through employee surveys, interviews with important stakeholders and industry experts, evaluating job boards and communication shared by consultant, Industry experts, employees, clients and partners.
You have been asked to determine how well your organisation's remuneration strategy is working. Provide six...