Human Resources Management Commons^™

Are You Spending Your Company's Compensation Dollars Wisely?, Dow Scott

Dow Scott

Compensation costs are the largest single expense most organizations have—ranging from 15 to 20 percent in manufacturing to more than 80 percent in the human services industry. Recognizing the strategic impact of compensation, senior executives want to know if these dollars are being spent effectively. However, few organizations systematically evaluate their pay programs or only do so in the most rudimentary fashion.