20Jan 2022 by
If you were in charge of designing a compensation system for a company that is fairly new but is now reaching a stage and size where it needs a formal compensation system, how would you design the compensation system to support the organizations strategy? To what degree would you have others at the company participate in the design of the new compensation system? Who would participate? What are the key aspects of which you would need to be aware? What additional information would you need to research? Would you follow a policy of pay openness in communicating your compensation system? Provide a rationale for your decisions. How would you integrate the elements of mindfulness, dialogue, and collaboration?
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