C8 - Business Acumen.pdf file:///C:/Users/HP/Desktop/New%20Conver/C8%20-%20Business%
C8 - Business Acumen
1. Key Compentencies for Compensation Professionals
ANS Financial Manage-ment, HR management, Resource Management
2. Financial Management
ANS broad understanding of finance, understands ROI ofprograms, assess performance
based on stated objectives,
3. HR management
ANS assesses current and future staffing needs based on organi-zational goals and budget
realities, ensures staff are selected, rewarded and retains,takes corrective action, understand org
design principles
4. Resource Management
ANS determines sources collects to ake fact based deci-sions, partners, uses efficent and cost
effective approaches to things
5. Business Acumen skills and behaviors
ANS mission, vision, values, business strat-egy, org culture, HR strategy
1/4
1 of 15 9/18/2024, 10:57
,C8 - Business Acumen.pdf file:///C:/Users/HP/Desktop/New%20Conver/C8%20-%20Business%
6. Business Acumen for Comp Professionals
ANS demonstrate influencing and ne-gotation skills, be expert with data, navigate regulatory
challenges
7. Importance of business acumen
ANS contributes to org success, engages withsenior leaders, self improvement and career
development
8. BA
contributes to org success
ANS develop framework for thinking strategically, beable to explain the ROI of initiatives and the
value to the business
9. BA
engaging with executive leadership
ANS thinking as business leader, helpsother to see you as a leader
10. BA
self-improvement and career development
ANS be able to see the connec-tions between your actions and the greater organization, better able
to plan, organizeand guide activities, confidence building.
11. why are orgs in business
2/4
2 of 15 9/18/2024, 10:57
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller NurseFerian. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $12.49. You're not tied to anything after your purchase.
