Newfront has officially joined WTW, combining a technology-native approach with global expertise to better serve our clients. [Read more](https://www.wtwco.com/en-us/news/2026/01/wtw-completes-acquisition-of-newfront)

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

##### Friday, July 14, 2023

[See Replay](https://pave.wistia.com/medias/er0uyx72es)

Webinar originally hosted and published by [Pave](https://www.pave.com/webinars/how-cfos-and-cpos-collaborate-setting-and-managing-your-compensation-budget).

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.

## Explore the New _Frontier_ with Us

[Talk to an Expert](/content/talk-to-an-expert?newfront_com_page=%2Fevents%2Fhow-cfos-and-cpos-collaborate-setting-and-managing-your-compensation-budget&newfront_com_section=Explore+the+New%0AFrontier+with+Us/index.html)

We are transforming the risk management, business insurance, total rewards, and retirement services space through the combination of elite expertise and cutting-edge technology. Newfront Insurance Services is a trade name licensed to sell insurance products in all 50 states, the District of Columbia, and Puerto Rico. See this [link](https://docs.google.com/document/d/1UMPePkw6yPnyB41_ME6Tmb0OfTAyDl7dA6bgyLPVvW8/edit) for a list of our licenses.