Benchmark and Assess Compensation and Benefits

20%

Status

Execution [In Process]

20% complete, updated on Fri 3/18/22 10:04 AM by Sarah Director

Changed Status from Project Closure to Execution.
Changed Percent Complete from 25% to 20%.

Details

Dates
Wed 8/3/22 - Tue 5/30/23
Acct/Dept
Human Resources
Type
HR / HR Project
Health
Green - On track
Program(s)
Created
Thu 10/13/16 10:39 AM
Modified
Mon 6/24/24 9:58 AM

Health Statuses

Resources Health
Green
Schedule Health
Green
Scope Health
Green

Description

The "Benchmark and Assess Compensation and Benefits" project aims to evaluate and compare current employee compensation packages against industry standards to ensure competitive and equitable offerings. This involves comprehensive data collection, analysis, and reporting on salary structures, benefits programs, and overall compensation strategies. The project’s goal is to provide actionable insights that will guide the organization in optimizing its compensation policies to attract and retain top talent.

Strategic Objectives

  1. Culture: To align incentives and staff rewards with performance.

  2. People Development: Develop our team to create the next generation of leaders.

Manager

Sponsor