A company's pay structure is the method of administering its pay philosophy. The two leading types of pay structures are the internal equity method, which uses a tightly constructed grid to ensure that each job is compensated according to the jobs above and below it in a hierarchy, and market pricing, where each job in an organization is tied to the prevailing market rate.A company needs job descriptions for all its positions so that people know where they fall within the organization. A pay structure helps answer questions about who's who, what each person's role is, and why people are compen... view article details

Sometimes It's a Good Thing NOT to Negotiate Salary There Are Times to Play It Safe A common misconception about negotiation is that it is all about winning -- always asking for more money at every opportunity, always getting the largest possible salary, always getting the highest possible job title. While devising intricate strategies, analyzing the strengths and weaknesses of your opponent, and determining a plan of attack can make the process of negotiation seem very much like going to war, the reality is that it is a series of battles throughout your working life. As the general in char... view article details

Rich or Poor, Offer Letters Are Still Necessary If you’ve worked at any level in the corporate world, you’ve probably received an offer letter of employment. As a teenager, your first job offer – babysitting, mowing lawns, washing dishes, waiting tables – was probably pretty informal. Ah, but that first official offer letter.Sure, things might have gone great on your interview. You’re 99% sure they’re going to give you the job. Hopefully you negotiated a nice salary increase. You can’t wait to tell your parents and friends. And HR even verbally said you got the position. But it wasn’t... view article details

Comedian John Ramsey has a humorous bit where he complains, “I’m tired of being treated as a second class citizen because I believe in unicorns. I don’t understand why unicorns are so magical, it’s just a horse with a horn. A seahorse exists and that’s 50% fish, 50% horse! I’m just talking about something that is 99% horse, 1% cooler horse.”In the working world (often at startups), there is some debate about whether unicorn employees exist and how much time you should spend looking for them when hiring. A unicorn employee has been described as an “A Player,” a natural leader that is highly ski... view article details

Being Able to Name Your Own Salary Might Sound Good, But It's Harder to Do Than You Think Picture yourself in the final stages of your job interview. Everything so far has gone fantastic. You've passed the screening of HR in the first round, met your future manager and totally connected, and have spoken with several other team members. The job is a great match for both your skills and your personality. The executive across the desk from you is thrilled, saying you're their ideal candidate, and is ready to make you an offer. The only thing left to talk about is salary. The mere thought of the c... view article details

From CNN Money and the compensation experts at Salary.com MONEY Magazine and Salary.com have unveiled an exclusive list of the 50 Best Jobs in America. MONEY and Salary.com started by analyzing government and private data on industry growth and compensation levels. But in an improving employment market in which workers are looking for more than just a paycheck, MONEY and Salary.com dug deeper, surveying 26,000 workers about their job satisfaction and grading careers based on factors such as stress level, flexibility, creativity and ease of entry into and advancement within the field. These ca... view article details

There has never been a better time to plan progressing your career. In today’s war for talent, there are more job vacancies than there are unemployed individuals to fill them. As for the future Marty McFly, a report by Dell Technologies estimates that 85% of the jobs today’s learners will be doing in 2030 havn’t even been invented yet. So whether your resolution for the new year is to enter the workforce for the first time, move into a more senior role, or make a lateral move, you should start strategizing now. But with so many possibilities, how do you know which path to take? In addition ... view article details

In the early evening on a recent Thursday, Kiran Arora, a consultant at the compensation firm Watson & Wyatt Worldwide, was getting ready to leave for the weekend. No, it wasn't a holiday or a long weekend. Her work week runs Mondays through Thursdays. Arora traded in that one extra day each week to spend time with her family and her children.In a 2000 poll of more than 3,500 company executives by recruiting firm Management Recruiters International, Inc., 61 percent of the participants believed the 9-to-5 workday will disappear in the next 10 years.According to a 1998 study by the Employment P... view article details

Real talk - the amount of compensation you receive does not speak to your success. There are many other factors in and out of the workplace that determine your personal notion of "being successful.” Wealth can't buy happiness directly, but some folks crave a lifestyle that is only possible if you're making your way up to and over half a million bucks. Here are 10 jobs that tend to pay more than $175,000. 1) Podiatrist: $197,380 A Podiatrist examines, diagnoses, and treats diseases and injuries of the foot. Like any good doctor, this foot expert recommends tests to help diagnose the condition a... view article details

Reason No. 1: Your Leadership Doesn’t Care Whenever people attend a cocktail party, invariably someone in the room will have an occupation that others will solicit for some (free) advice. Medical doctors are asked “Does this mole look cancerous to you?” Car mechanics are queried whether the “chunka-chunka” sound the engine makes means a new transmission is needed. And as an industrial/organizational psychologist, I get interrogated about “Why is my company such a lousy place to work? Why do I hate working there?” There can be any number of specific reasons why one’s work experience is l... view article details