Provide your executive team with comparative reports that show how their pay decisions compare to other executives.
Category: Employee Compensation
How tax specialists and compensation specialists are similar and how your company can benefit from using these experts.
Several recent articles about stretching compensation dollars in these tight financial times recommend giving bigger titles to employees as a good way to keep costs down while making employees feel appreciated. In the near term, this is likely to be true. However, what is free this month or this year is unlikely to remain that [...]
The top concern of HR professionals today is how to manage an incredibly tight budget. Whenever we get in the 3% range for salary increase budgets, spreading it out becomes a challenge. The specifics of your industry, company financial condition, staff demographics and underlying pay systems will need to drive decisions for each organization. Here [...]
Based on the latest survey data from WorldatWork, Milliman, Mercer, Towers, Culpepper and Compensation Works, pay increases for 2012 will be very similar to increases provided in 2011. We are seeing very flat annual pay adjustments with the average for organizations giving increases at 3.0% in the Puget Sound area. Oregon is running slightly lower [...]