Factors to Consider in Calculating Raises
Yesterday, we looked at the wage increases recently announced by behemoths Walmart and McDonald’s®. Today: How to prepare for compensation increases at your own organization.
Tag: data
As Skills Demand Rises, so Do Demands for Raises
If your managers are not already fielding requests from employees for raises and promotions, they soon may be, according to a recent Accountemps survey. An improving economy and higher demand for skilled workers means professionals are more confident in their job prospects—and they’re on the hunt for bigger paychecks and loftier titles.
Critical Success Factors for Variable Pay Programs
Yesterday, we explored the factors behind the rise of comprehensive variable pay programs—and the types of cost savings you can expect. Today, John A. Rubino of Rubino Consulting Services explains who (and what) can make the difference between variable pay success and failure.
Upping Your Compensation Game? How to Get Top Brass On Board
Yesterday, Diana D. Neelman and Mary A. Rizzuti of Compensation Resources, Inc., provided some insights on crafting an innovative compensation strategy. Today, they reveal a key piece of the implementation puzzle: how to get top management on board with new initiatives.
Steps and Timeline for EEOC Collection of Employer Compensation Data
As we discussed yesterday, part of the federal government’s plan to achieve pay equality for men and women involves the collection of compensation data from federal contractors.
EEOC Moving Forward with Plans to Collect Compensation Data
In his 2015 State of the Union speech, President Obama pressed Congress to “pass a law that makes sure a woman is paid the same as a man for doing the same work.” Although the president’s plea for the passage of stronger pay discrimination laws is unlikely to sway the Republican-controlled House and Senate, the […]
HR Metrics Survey—What’s Being Measured These Days?
Big data is omnipresent in today’s business landscape. Metrics and analytics, along with the hypotheses drawn from them, are having a great impact on how decisions, big and small, are made—including in the field of human resources. So, what’s happening with HR metrics out there? What are your competitors measuring to gain an advantage? Help […]
What’s Your Market Position?
Yesterday, we looked at tips from BLR’s Senior Compensation Editor Sharon McKnight, CCP, SPHR, on aging your salary data. Today, McKnight’s insights on figuring out your market position—are you leading, lagging, or lead-lagging?
Keys to Aging Salary Data Effectively
If you’ve worked in compensation a while you probably know all there is to know about “aging” data. If you’re new to comp, however, and aging data is a bit of a mystery, read on for practical tips from BLR’s Senior Compensation Editor Sharon McKnight, CCP, SPHR.
Show Me (More Than) the Money: Nontraditional Reward Assessment Checklist
Yesterday, we looked at the factors that comprise a total rewards framework—which goes well beyond the actual dollars and cents you pay your employees. Today, a nontraditional reward assessment checklist.