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Salary Surveys 20|20: Why Use Salary Surveys

In a volatile and uncertain labor environment, it is important to make decisions based on facts and backed up by data.  For compensation and HR …

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New Report Reveals How Top Companies Approach Compensation

The market for data, tools, and technology and the compensation profession are evolving. The technology market and the number of professional compensation roles are forecast …

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Rewards Strategies for Hot Jobs

Creating compelling rewards packages for employees in hot jobs is one of the biggest challenges facing compensation and total rewards practitioners today. In today’s talent …

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How You Can Conduct a Salary Comparison

A salary comparison, also known as a wage comparison or pay comparison, is a comparison of the pay for two or more positions, either within …

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Understanding the Salary Benchmarking Process

Salary benchmarking, also called compensation benchmarking, is a process by which compensation professionals match internal jobs and their descriptions to similar jobs and descriptions in …

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What is a Salary Benchmark Job in Compensation?

A salary benchmark job is defined as a job that is widespread across many industries. For example, Accountant is a benchmark job. Some companies may …

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4 Comp Tools that Drive Compensation Decisions

Compensation decisions have a major impact on business success, from influencing employee engagement, productivity, recruitment, and retention to affecting profitability and compliance. With so much …

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5 Ways to Eliminate Salary Compression

Salary compression (also known as “wage compression” or “pay compression”) occurs when employees with different skills and experience are paid similarly. When salary compression occurs, …

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Creating Effective Salary Bands That Fit Your Structure

Salary bands, also known as pay bands, are pay ranges given to groupings of roles. Salary bands’ pay ranges are influenced by geography, cost of …

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Why the Salary Midpoint Formula Is Crucial to Getting Pay Equity Right

The salary midpoint is the middle point of a salary range’s minimum and maximum. The salary midpoint should represent a fair and competitive salary based …

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Designing Compensation Structures: Which Is Right for You?

A compensation structure (or salary structure) is a hierarchal group of jobs that are assigned to salary ranges within an organization. Salary structures are composed …

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The Rising Cost of Turnover

When turnover occurs, costs can accumulate quickly. Download this white paper for tips on how to prevent the turnover wave from crashing down on your …

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Building and Analyzing Salary Structures

Download our white paper to learn how to model and refine, and maintain and update pay structures within your organization. https://www2.salary.com/l/250572/2021-01-08/2mvxz3h

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Compensation Ratios for HR – Explained!

How competitive are your company’s salaries? How fair is pay among your workforce? A quick way to identify potential problem spots is with compensation ratios. …

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Stop a Red Circle Rate From Ruining Your Salary Ranges

The term “red circle rate” is used to describe an employee whose pay is above their position’s maximum rate. Conversely, a “green circle rate” is …

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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 …

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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 …

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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 …

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