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Compensation Conscience

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Human Resources Can Be Your Company’s Most Valuable Asset

Businesses typically spend between 40 to 80 percent of gross revenue on employee salaries and benefits combined, depending on what sector the business is in. …

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A Beginner’s Guide to Pay Compression

Have you been wondering: “what is pay compression?” It can be tricky to spot, even for seasoned HR pros. It’s time to get a better …

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The Impact of Frictional Unemployment on Your Organization

Frictional unemployment is defined as when a worker is in the process of moving from one job to another. This type of unemployment is generally …

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Why Compensation Managers Should Wear Capes

Compensation managers are tremendously valuable to any business. Employee salary and benefit expenses typically represent 40% to 80% of an organization’s gross revenues, and comp …

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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 …

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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 …

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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 …

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Why Companies With High Turnover May Be Doomed

Your company’s turnover rate is defined as the number of employees who depart your organization over the course of a year. According to the 2018 …

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Understanding Total Compensation

While many employees think of compensation in terms of their base pay, they may also be eligible for other forms of compensation beyond just this …

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The Role of Compensation Policy in a Compensation Plan

When developing a compensation plan, your compensation philosophy is the compass to guide decision-making. Meanwhile, your overall compensation strategy establishes the programs to bring the …