Second quarter of the HR/Compensation year (we’re assuming for this blurb that you’re on a calendar year) is a good time to plan your audit(s), initiatives, lessons learned and “best practices” review.
You’ve just been thru the 3rd Q and 4th Q sessions with management and strategic planning, you’ve collected, reviewed, analyzed and challenged annual incentive plan recommendations, you’ve reconciled year-end financial results and pushed back on final $$$ payments to recipients while creating next year’s incentive incumbents lists and budgets. In the first quarter, you’ve made your presentations and received final approval(s), instructed payroll of the results and communicated the new plan and goals.
Time to take a breather? No! Third quarter is coming again. Look back at what the last 180 days have taught you, and correct any obvious commissions or omissions.