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Compensation Conscience

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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 …

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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 …

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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 …

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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 …

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Preparing Merit and Salary Budget Increases

Download our key takeaways on preparing merit and salary budget increases to help you design a performance evaluation system and ensure you are using the …

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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 …

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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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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 …

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The Role of Strategy in a Compensation Plan

If you are looking for compensation strategy examples, you've come to the right place. The following is the first in a three-part series on compensation …

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Creating a Compensation Philosophy

People are your organization’s greatest asset, contributing every day to its success. Making smart decisions about how you reward your people for their contributions is …

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What’s Your Pay Philosophy for 2019?

Turning the calendar to a new year sparks reflection and resolution for many in their personal lives. But it can also be a great time …

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