A well-executed compensation calendar articulates an up-to-date charter and also aligns with both the company’s fiscal year and compensation cycle. It should reflect the possibility that the charter could expand to provide for greater oversight of the company’s various human resource programs, including succession planning and talent development.
Three essentials for creating an effective calendar are detailed in a January 2019 Workspan magazine article reproduced with the permission of WorldatWork.
Ryan Resch is a managing director in Willis Towers Watson’s Toronto office. Email firstname.lastname@example.org or email@example.com.