SOLUTIONS FOR
TALENT Driver #25
When you make changes at work…
you will feel and see the difference!
Every solution has a: Detailed Purpose, Time Required, Specific Steps, and any needed Templates. Â
Next Steps: Review the solutions and select at least one solution to implement within your life.
Return to All TALENT Drivers
Pay Triggers
PURPOSE Team members learn how their performance will make a difference in their pay.Â
Building Financial Rewards
PURPOSE: Help your team understand the long-term financial rewards available to him or her, and discuss what the team member must do and/or achieve to take part in these rewards.
Merit Line Of Sight
PURPOSE: In a team meeting or with individual team members, generally outline the company’s overall team member pay strategy, highlighting how individual and department/team achievements impact compensation (how we pay people).
Reward Triggers
PURPOSE: Share with your team the criteria used to trigger rewards in your organization (e.g., pay increase, bonuses, comp time), so that your team members create a solid understanding of the actions they must take and what they must achieve to receive a desired reward.
Market Research
PURPOSE: Thoroughly research and benchmark your current salary against market standards to understand your compensation’s competitiveness and take steps to align it with industry norms.
Career Value Proposition
PURPOSE: Develop a clear personal value proposition that highlights your unique contributions, aligning your skills with market demands to justify a competitive salary.
SOLUTIONS FOR
TALENT Driver #25
When you make changes at work… you will feel and see the difference!
Every solution has a: Detailed Purpose, Time Required, Specific Steps, and any needed Templates. Â
Next Steps: Review the solutions and select at least one solution to implement within your life.
Return to All TALENT Drivers
Pay Triggers
PURPOSE Team members learn how their performance will make a difference in their pay.Â
Building Financial Rewards
PURPOSE: Help your team understand the long-term financial rewards available to him or her, and discuss what the team member must do and/or achieve to take part in these rewards.
Merit Line Of Sight
PURPOSE: In a team meeting or with individual team members, generally outline the company’s overall team member pay strategy, highlighting how individual and department/team achievements impact compensation (how we pay people).
Reward Triggers
PURPOSE: Share with your team the criteria used to trigger rewards in your organization (e.g., pay increase, bonuses, comp time), so that your team members create a solid understanding of the actions they must take and what they must achieve to receive a desired reward.
Market Research
PURPOSE: Thoroughly research and benchmark your current salary against market standards to understand your compensation’s competitiveness and take steps to align it with industry norms.
Career Value Proposition
PURPOSE: Develop a clear personal value proposition that highlights your unique contributions, aligning your skills with market demands to justify a competitive salary.