| The VisionLink approach to compensation design can be as comprehensive or as focused as a client wishes. However, to be effective, any plan design must grow out of philosophy that clearly states what the organization believes about how people will be paid. It is a statement about the value proposition the business offers its employees and the general principles that will guide the development of pay strategies and rewards programs. It identifies the emphasis the company will place on fixed versus variable compensation, short-term versus long-term compensation and the balance of equity or phantom equity versus cash compensation that will be maintained.
VisionLink helps companies develop a Compensation Philosophy statement as a part of The Discovery Process it is commonly engaged to fulfill for its clients. |
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