In this video from a recent presentation Hallie discusses the preliminary first steps you need to take to develop your compensation plan, as part of your strategic career plan.
Where are you now salary wise? Is it commensurate with the industry? Find out by researching online and talking to peers and recruiters. Next, what is your long term ideal salary, 5 and 10 years out? And attach that compensation to specific skills and experiences you will set as goals for the next 5 years.