009: From Compensation Principles Worksheet to Compensation Policy
Another template for you to check out.
In last week’s newsletter, I shared the worksheet and 23 prompts I use to help companies define their Compensation Policy by focusing on Compensation Principles. The goal is to make a strong connection between:
Who do we need on the team?: the unique talent required to achieve your specific core business objectives
How do we need them to operate?: what do we need to offer to motivate this level of employee and align their efforts with organizational goals
This week, we'll take those insights and craft a polished, employee-facing Compensation Policy. Having a clear, formal document not only aligns leadership but also ensures transparency and equity across your organization. With time, this is a document you can share early in the interview process with candidates or even link to in job descriptions.
👇 Read on below to learn more about:
My Compensation Policy Template: The template I use to help companies build and communicate their Compensation Policy to their team + future team members.
…
Keep reading with a 7-day free trial
Subscribe to Damn Good Job to keep reading this post and get 7 days of free access to the full post archives.