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5 Ways Employers Can Support Diversity and Inclusion
Now more than ever, employees tend to have the upper hand when job hunting and employers find themselves going head-to-head …
Tips to Ensure Your Compensation Plan Meets HR Compliance
When it comes to designing, implementing, and administering a comprehensive compensation plan, it’s not just the employer and employee(s) who …
Q&A: Tales of HR Pain Points from One Industry to Another
Sometimes it can be hard to relate to workers in industries other than your own, even when your chosen profession …
Editor's Pick : Employee Turnover: Calculating the Real Cost
There’s always a slew of numbers floating around the internet claiming to represent the amount of money organizations lose when one of their employees ...
TOPIC: Trends and Best Practices
5 Ways to Eliminate Salary Compression
Salary compression (also known as “wage compression” or “pay compression”) occurs when employees with different skills and experience are paid similarly. When salary compression occurs, …
by Stephan Duncan - May 23, 2019
TOPIC: Trends and Best Practices
Creating Effective Salary Bands That Fit Your Structure
Salary bands, also known as pay bands, are pay ranges given to groupings of roles. Salary bands’ pay ranges are influenced by geography, cost of …
by Stephan Duncan - May 23, 2019
TOPIC: Trends and Best Practices
Why the Salary Midpoint Formula Is Crucial to Getting Pay Equity Right
The salary midpoint is the middle point of a salary range’s minimum and maximum. The salary midpoint should represent a fair and competitive salary based …
by Stephan Duncan - May 23, 2019
TOPIC: Compensation Conscience
Do Men Make More Than Women?
No matter where you are in your career, it’s worth considering how pay gaps may impact you and those around you. Women earned just 85 …
by Connor Harrison - May 23, 2019
TOPIC: Trends and Best Practices
Designing Compensation Structures: Which Is Right for You?
A compensation structure (or salary structure) is a hierarchal group of jobs that are assigned to salary ranges within an organization. Salary structures are composed …
by Stephan Duncan - May 23, 2019
TOPIC: Compensation Conscience
What is Broadbanding in Compensation?
In human resource management, broadbanding is defined as having extremely wide salary bands, much broader than in traditional salary structures. While a typical salary band has …
by Stephan Duncan - May 16, 2019
TOPIC: War for Talent
Why Is External & Internal Equity in Compensation So Important?
Prioritizing fair pay and closing the gender pay gap are two of the biggest initiatives in compensation today. Implementing processes to sustain fair pay throughout …
by Connor Harrison - May 15, 2019
TOPIC: Trends and Best Practices
Compensation Ratios for HR – Explained!
How competitive are your company’s salaries? How fair is pay among your workforce? A quick way to identify potential problem spots is with compensation ratios. …
by Christopher Fusco, CCP, GRP, SPHR - May 10, 2019
TOPIC: Compensation Conscience
Human Resources Can Be Your Company’s Most Valuable Asset
Businesses typically spend between 40 to 80 percent of gross revenue on employee salaries and benefits combined, depending on what sector the business is in. …
by Sarah Reynolds - May 10, 2019
TOPIC: Compensation Conscience
A Beginner’s Guide to Pay Compression
Have you been wondering: “what is pay compression?” It can be tricky to spot, even for seasoned HR pros. It’s time to get a better …
by Stephan Duncan - May 10, 2019
