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What is a Merit Matrix?

A merit matrix, also known as a merit increase matrix or salary increase matrix, is a mathematical grid that compensation professionals provide to help company …

by Connor Harrison - May 3, 2019
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The Magic Formula to Calculate Turnover Rate

Are you looking to calculate annual turnover rate for your company? It’s easier than you think once you know the annual turnover rate formula. In …

by Brett Rudy - May 3, 2019
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Identifying and Utilizing Employee Core Competencies

Understanding core competencies required for a role is critical for human resources professionals throughout an employee’s journey. From the hiring process, to performance appraisal, to …

by Candice Wolken - May 3, 2019
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What is Pay-for-Performance Compensation?

The term “pay-for-performance compensation” refers to performance-based pay programs where an employee is incentivized and rewarded for achieving goals or objectives. Pay-for-performance plans are extremely …

by Connor Harrison - April 29, 2019
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Calculating Prorated Bonuses and 13th Month Bonuses

There are several reasons why you may wish to prorate an employee’s bonus – that’s is, pay them just a portion of the total amount …

by Sarah Reynolds - April 29, 2019
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Know Your Worth: Pricing Information You Can Depend On

Do you know what you should be paid at your job? I mean, do you REALLY know? Maybe you’ve received consistent raises and cost-of-living adjustments …

by Brett Rudy - April 29, 2019
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Hot Jobs in Tech Reflect Current Economic Trends

The United States has been enjoying a long stretch of economic growth, with unemployment rates of hitting a record low of 3.7% last year. Though …

by Candice Wolken - April 10, 2019
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Non-Monetary Compensation, Explained

The cash compensation that an employee receives, including their base salary and variable pay, is typically considered the largest reward for their work. But in …

by Sarah Reynolds - April 9, 2019
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Planning for New FLSA Overtime Rules

New Fair Labor Standards Act regulations are on the horizon and they have the potential to dramatically impact organizations, from operating budgets to staffing levels …

by Candice Wolken - April 8, 2019
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Equitable Pay: The Modern Workforce Demands It

Throughout the employee cycle, equitable pay is one of the main drivers of employee engagement and retention. The modern workforce has never been more passionate …

by Connor Harrison - March 23, 2019