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How CFOs and CPOs Collaborate: Setting and Managing Your Compensation Budget

On-demand

•

Aired on:

July 13, 2023

•

10:00am PT

One of the most important but difficult parts of building your People strategy is determining the right budget. You need to consider a range of factors including your compensation philosophy, your company goals, and the happiness of your employees. You’ll also need to factor in your planned promotions, hiring plan, and standard merit increases for strong performers. Spend too much and you’ll be hearing from your board or investors. Spend too little and you’ll have a retention issue. You need to strike the perfect balance. As People and Finance Leaders, it’s your responsibility to come to the table with a proposal that drives the best outcomes.

What You'll Learn

Factors to consider when building your budget
How to build the right financial model that considers all factors
How to engage with your CFO and get buy-in on your plan
How Pave can help

Speakers

Paige Maisonet

Head of People

at

Newfront

Alex Ip

CFO

at

Newfront

Sam Ford

Head of Finance

at

Pave

Pave is the only end-to-end compensation management platform that helps companies plan, communicate, and benchmark compensation in real-time. Powered by integrations, Pave makes it easier for People leaders to build and execute best-in-class compensation strategies to attract, retain, and motivate top talent.

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