The Company Giveth and the Company Taketh Away
Companies have limited budgets to compensate their employees, so leaders want to be sure that they are making the best use of that money. To this end, companies reward employees when they exhibit the...
View ArticleQuiz—Are You A Market Pricing Expert?
Market pricing is the bread and butter of compensation professionals. When I started out in consulting, I literally spent my first year doing nothing but market pricing. And what I quickly learned is...
View ArticleWalking the Tightrope of Lump Sum Merit Increases
Compensation professionals spend a lot of time creating and maintaining their company’s salary structure. But to preserve the integrity of the structure, they must also enforce it. To this end, it is a...
View Article6 Reasons To Have A Common Merit Increase Date
When a company has 10 employees, it’s relatively easy to manage a merit increase process tied to hire date anniversaries. It’s also intuitive – employees get their annual salary increase exactly one...
View ArticleStand Your Ground: Don’t Give Into The Urge To Counteroffer
One of your company’s best employees just walked into his manager’s office and announced that he has accepted an external offer. Two minutes later, the manager is in your office… what can HR do to...
View ArticleDon’t Be Fooled By Compensation Statistics
One key role that HR professionals play in an organization is analyzing compensation data. Common drivers are identifying opportunities to reduce costs or assuring management that a competitive pay...
View ArticleMaking An Offer – Three Killer Compensation Myths
The compensation that is set as part of the offer process can impact the employee’s pay for the remainder of his career. Because you want to get it right, be sure not to fall victim to the following...
View ArticleMy New Perspective on Workplace Flexibility
Last week, I attended the annual conference of the compensation and benefits professional association (yes, there is such a thing). One of the most interesting breakout sessions was called The...
View ArticleIt’s A Brave New World: What Millennials Expect In The Workplace
As discussed in my last post, I recently dipped a toe into the uncharted waters of workplace flexibility. A breakout session at a conference dramatically changed my perspective on the topic, but I...
View ArticlePay-For-Performance And Human Nature
I recently saw a thought-provoking article in Forbes that makes a great case for pay-for-performance. It’s about an economics professor who tested the hypothesis that if you remove an individual’s risk...
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