Compensation Maturity Stages

If you were asked to rate your company on a compensation maturity scale from basic, developing, performing, and optimized; where would it fall?

Unit4 has completed a survey and found some interesting results. We found that many companies feel like they are at the performing stage of compensation maturity. But let's take a closer look at what that really means and how organizations can move toward total compensation optimization.

Many companies in today's market have some of the factors to be considered performing. In reality, a company must be able to check off every single point. They must have:

• Compensation strategy documented
• Job levels and ranges established
• Job codes updated to market consistently
• Base, STI, and LTI linked to performance and potential
• Manager participation
• Formal communication of results and rationale

If any one of these is a 'no' for you, then it's time to consider strategizing how to place your company higher on the compensation maturity scale.

Now is the time to accelerate your organization's focus and enable the transition to optimized.

This infographic illustrates the self-reported positions within the stages of maturity. But what are the characteristics of an organization that falls within basic, developing, and optimized?

If you consider your organization to be in the performing stage, what will it take to meet the optimized criteria?

The opportunity for over 96% of organizations to move towards optimization is abundant. In order to grow, you need to know where your company actually falls in the maturity scale.

Our team is able to provide an assessment of your current systems and compensation maturity stage including offering best practices and recommendations to meet your future compensation goals

Unit4's Compensation Planning can help any organization achieve their goals. Together, we can go from basic to optimized and scale the process along the way. We can collaborate with a developing organization to move towards performing and look at the entire Unit4 suite of solutions.

Whatever your current maturity level, whatever your goal -- Unit4's People First strategy and world class team is here to help you achieve.

If you would like a full copy of the infographic above that includes all criteria for each compensation planning stage, send a quick message on LinkedIn.

To schedule an evaluation of your maturity stage please reach out directly to Unit4 Compensation Planning .

Please feel free to connect with our team on LinkedIn : Abbey Goodman | Alex Petrillo | Boyd Davis | Brendan Adkins | Jessica Haas, MBA | Jonathan Lara | Kelly Payero

Unit4 | www.unit4.com