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The New Demands of Total Compensation Management

Key success drivers for organizations have changed in recent years. While workforce productivity, innovation, cost management and efficient processes will always be critical, business imperatives related to agility, enterprise-wide collaboration and transparency have also now developed into primary concerns for leadership. These themes have grown in importance largely due to three dynamics:

  • The need to be able to thrive in unpredictable business environments and during periods of rapid change.
  • The recognition that successful enterprises do not operate in functional silos, but instead enable the workforce to push collaboratively toward common goals and priorities.
  • The increased focus on embracing corporate values that help attract and retain top talent.
 
 

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About the Author

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Steve Goldberg

VP and Research Director
Ventana Research

Steve Goldberg is responsible for the human capital management (HCM) research at Ventana Research. Steve guides HR and business leaders to manage their workforce to gain competitive advantage and value from their investments. He covers the major areas including candidate engagement, employee experience, HRMS, learning management, payroll optimization, talent management, total rewards management and workforce management.