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4 Comp Tools that Drive Compensation Decisions

Compensation decisions have a major impact on business success, from influencing employee engagement, productivity, recruitment, and retention to affecting profitability and compliance. With so much …

by Candice Wolken - June 5, 2019
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Compensational Professionals and CCP Certification

Earning CCP Certification can be expensive and time-consuming, but often a worthwhile investment. Most compensation professionals view a CCP as a long-term investment that will …

by Sarah Reynolds - June 5, 2019
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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
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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
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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
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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
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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
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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
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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
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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