Yes! Teams should have a role for someone whose full time job is just that: designing employee compensation.
There is so much money to be made by companies in paying someone for this: think about how much lost productivity there is because underpriced employees aren't bothering to solve problems they have the skills to solve!
Essentially: someone who efficiently uses capital to pay themselves to find ways to give more capital to employees who can efficiently use it. Micro VC I guess you could think of it is? Like each employee is a place to invest capital, and that is inevitably disbursed as higher wages.
There is so much money to be made by companies in paying someone for this: think about how much lost productivity there is because underpriced employees aren't bothering to solve problems they have the skills to solve!
Essentially: someone who efficiently uses capital to pay themselves to find ways to give more capital to employees who can efficiently use it. Micro VC I guess you could think of it is? Like each employee is a place to invest capital, and that is inevitably disbursed as higher wages.