How to get compensation right

Using information on pay practices for nearly 2,000 global companies, with about 40% representing Asia Pacific, here are five tips on your compensation programmes you can't miss, from Willis Towers Watson's Getting Compensation Right survey.

[all data and tips below pertain to employers in Asia Pacific]

1. Clarify factors that determine base pay

Currently, only less than half of companies surveyed in Asia Pacific admit to getting compensation right. The top three challenges to effective pay-for-performance are limited budgets (61%), manager capability (49%), and limited pay differentiation (37%).

Tip: Consider multiple factors when determining base pay:

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