Compensation Budgeting and Spending – 2024

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...
Compensation Technology Solutions 

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...
Innovative Workplace Rewards

Innovative Workplace Rewards

Innovative Workplace Rewards To differentiate themselves in the broader labor market, location or industry, organizations go “beyond the paycheck” to implement programs that employees may not have requested but know that based on organization values, demographics and...
A Methodology for Structuring Jobs and Job Codes

A Methodology for Structuring Jobs and Job Codes

Job Framework  In addition to defining a set of duties and responsibilities and the typical education, skill and experience requirements for each job, it is important that organizations have a methodology for structuring jobs and assigning the attributes associated to...