In working with customers on their compensation planning and strategy, I have noticed that they usually have a sense for who is overpaid and who is underpaid. Rather than coming as a surprise, nearly every time we do their compensation analysis the data validates their assessment of where the company stands in relation to the market data. In the 300+ companies I have worked with, all the Human Resources professionals knew exactly who was overpaid, and why. They know who is a ?FOTP? (Friend of the President). When we look at their benchmarked data, I frequently hear, ?Oh, she?s been here 20 years,? or ?Oh, he?s the brother of the owner.?
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The Honor of Working in Human Resources
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Source: http://www.business4noobs.com/the-honor-of-working-in-human-resources/
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