Question: Towers Watson describes five issues in setting pay. Base pay is not effectively driving performance. Employers miss opportunities to differentiate incentive payouts to top performers.

Towers Watson describes five issues in setting pay.

  1. Base pay is not effectively driving performance.
  2. Employers miss opportunities to differentiate incentive payouts to top performers.
  3. Complex pay decisions can become all the more challenging due to inadequate technology.
  4. Despite having formal processes in place to prevent bias or inconsistency in hiring and pay decisions, many employers fall short when it comes to fair pay.
  5. Many employers are unprepared to meet growing expectations of pay transparency.

Explain three of them and what employers should do. Do you agree with their point of view on the three issues you select?

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