TOPIC: Compensation Conscience
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 …
TOPIC: Compensation Conscience
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 …
TOPIC: Compensation Conscience
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 …
TOPIC: Compensation Conscience
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 …
TOPIC: Compensation Conscience, Pay for Performance
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 …
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 …
TOPIC: Compensation Conscience
Sample Compensation Philosophy
Download Now Ready to get started with your own compensation philosophy? Download a sample compensation philosophy statement to see how best-in-class organizations are tying their …
TOPIC: Compensation Conscience
Preparing Merit and Salary Budget Increases
Download Now Download our key takeaways on preparing merit and salary budget increases to help you design a performance evaluation system and ensure you are …
TOPIC: Compensation Conscience
Compensation Package Example
Download Now Download a sample compensation package statement to see how best-in-class organizations are presenting the total value of their rewards packages to their employees.
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 …
