Market Refresh: When and How to Do It
Organizations regularly update their external base salary compensation data to remain competitive in the talent market. This process, known as a Market Refresh, involves updating existing data and analyzing its impact on employee compensation. It’s distinct from...
Setting Your 2025 Salary Increase Budget: Key Considerations and Market Trends
Setting the annual salary increase budget involves a delicate balancing act. Employers must carefully weigh market projections, internal financial constraints, and the competitive landscape. Factors like the availability of talent in specific areas, employee...
Mastering A Pay Equity Analysis – Step by Step
Ensuring pay equity within an organization is not only important for fostering a fair and equitable workplace but also as a competitive advantage for attracting and retaining employees. By conducting a systematic pay equity analysis, you can identify and address...