Compensation Budgeting and Spending – 2024
Employers budget for annual salary increases in Q4 of each year based on market projections, and affordability. Multiple organizations collect the projected data and provide information by type of increase and by other company demographic data, such as industry and...
Unlocking the Power of Job Evaluation: Achieving Pay Equity and Organizational Business Objectives
Unlocking the Power of Job Evaluation: Achieving Pay Equity and Organizational Business Objectives Job evaluation is the process of placing a value on a job relative to other jobs in an organization. How the job is valued can have significant impact on both how...
Compensation Technology Solutions
Compensation Technology Solutions Compensation departments lead an annual organizational process that can include: Job Description Writing and Updates Market Assessment – Benchmarking Salary Structure Updates Pay Equity Analysis Compensation Cycle: Annual...