Performance Management for NGOs

The article by McConnell HR Consulting discusses the importance of a well-designed compensation management system, emphasizing the need to balance employee satisfaction with cost control. The article highlights the challenges faced by organizations in setting salaries that are competitive in the market ([place where someone works for pay]), fair internally, and sustainable financially. They advocate for a strategic approach that links compensation to both individual and organizational performance. McConnell HRC offers various compensation management services, including developing total rewards programs, job evaluations, and salary structure creation. Their approach considers internal equity (fairness within the organization), external equity (competitiveness with similar employers), and the financial health of the company. The page concludes by mentioning the advantages of a performance-based compensation system, including increased employee motivation, improved performance, and fairer rewards based on contribution. Want to know more? Click here!