Rethinking Rewards: Continuous Reviews for Equitable Workplace
As a compensation and rewards professional, you’re familiar with the annual compensation review process.
However, the traditional approach of undertaking the compensation review at a fixed cycle, like a year, should be reimagined. The challenge is the rigidity of the process, keeping organizations slow towards adapting to fast-paced changes in the workplace.
To keep pace with these changes, organizations must embody the concept of a continuous review cycle. Continuous review is a new concept, but it is more dynamic and proactive.
With a continuous review cycle, organizations not only get the benefit of reacting to market shifts and employee growth but also anticipate them proactively.
03 Apr 2024
Keywords
Continuous compensation reviews
