(WorldatWork Journal, 3rd Quarter 2005)

High labor costs create real competitive challenges, so it is not surprising that senior executives in most organizations believe the fiscal management of compensation programs is important. However, few research studies have examined fiscal-compensation management practices and the effectiveness of these practices. Using the “Fiscal Management of Compensation Programs” survey conducted by WorldatWork, Hay Group and Loyola University, the authors analyze the design, execution and governance of compensation programs. Learn how organizations view their compensation programs regarding: the degree of compensation/HR control, the level of oversight of compensation programs and the effectiveness of these programs.