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Salary.com’s 2019-2020 National Salary Budget Survey: Increase Budgets Remain Flat at 3%

For the ninth year in a row, median annual salary increase budgets are expected to remain flat at 3% for the upcoming year, according to results …

by Connor Harrison - July 10, 2019
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Rewards Strategies for Hot Jobs

Creating compelling rewards packages for employees in hot jobs is one of the biggest challenges facing compensation and total rewards practitioners today. In today’s talent …

by Sarah Reynolds - June 17, 2019
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How You Can Conduct a Salary Comparison

A salary comparison, also known as a wage comparison or pay comparison, is a comparison of the pay for two or more positions, either within …

by Stephan Duncan - June 17, 2019
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Understanding the Salary Benchmarking Process

Salary benchmarking, also called compensation benchmarking, is a process by which compensation professionals match internal jobs and their descriptions to similar jobs and descriptions in …

by Connor Harrison - June 17, 2019
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What is a Salary Benchmark Job in Compensation?

A salary benchmark job is defined as a job that is widespread across many industries. For example, Accountant is a benchmark job. Some companies may …

by Connor Harrison - June 17, 2019
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The Value of a Total Compensation Statement

The purpose of a Total Compensation Statement, otherwise known as a Total Rewards Statement, is to make the employee realize the overall value of the …

by Brett Rudy - June 17, 2019
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Compensation Analysis Glossary

A compensation analysis, also called salary analysis or pay analysis, is an organization-wide review of how your jobs are classified and compensated. Performing a compensation …

by Stephan Duncan - June 16, 2019
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What Is a Salary Grading Scale?

A salary grade scale is a pay format where employees are placed within a pay level based on their education and work experience. Each job …

by Brett Rudy - June 14, 2019
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Defining the Difference Between Average and Median Salary

Median and average salaries are both measures of central tendency or the “middle of the market” regarding compensation. Many organizations target employee pay at either …

by Brett Rudy - June 5, 2019
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6 Steps to Take Before Creating a Pay Matrix

In today’s war for talent, an increasing number of organizations are leveraging performance-based compensation plans, like bonuses and merit increases, to reward top employees. Research …

by Connor Harrison - June 5, 2019