Compensation is a major expense for any organization, but at the same time, it can be a vital tool to drive organizational change and create success. However, with budgets still strained, it can be beneficial for companies to find alternatives to the traditional annual raise. Compensation Planning Report 2011 will help you explore ways to attract, retain, and engage employees while containing compensation costs.

Based on an exhaustive industry survey of nearly 300 HR and compensation professionals conducted in June and July of 2010, Compensation Planning Report 2011 details what leading compensation professionals in the country are doing to control compensation costs, using real-life examples and techniques to save you money.

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The guide will help you respond to adjustments in your compensation structure as well as manage future changes without increases in spending. 

You'll get tried and tested methods to improve your compensation and benefits strategies, such as: 

• Responding to economy: reduce, restructure, and redefine responsibilities
• Efforts to control compensation costs
• Companies' top compensation concerns
• Companies prepare for future with comp plan changes and more training
• Using technology to plan compensation 
• Identifying and rewarding high performers with performance management
• Rewarding employees when the budget is tight
• And much more!