The Foundation of Strategic Pay: Your Compensation Philosophy

The Foundation of Strategic Pay: Your Compensation Philosophy

Developing a clear compensation philosophy is a critical step when conducting a market assessment, developing a salary structure, or building a new incentive plan. A compensation philosophy is a formal statement that documents your organization’s position on employee...
Compensation’s Annual Calendar

Compensation’s Annual Calendar

The compensation function in an organization has a regular calendar of projects that are completed each year. The purpose of completing these cyclical projects is to guide management/boards of directors in making compensation, recognition and reward decisions that...
Seven Steps to Developing Career Paths

Seven Steps to Developing Career Paths

by Susan Malanowski Talent Acquisition and Management One of the reasons employees either leave or cut short the hiring process is because there is a lack of career paths or career development opportunities. Regardless of size, many organizations recognize the talent...
What is the Next Normal?

What is the Next Normal?

by Tom Wilson and Larry Reissman There are those who believe that once the Covid-19 virus is contained, life will return to normal. But, after September 11, 2001, life did not return to what then was considered normal. What will life be like after this pandemic? This...

Compensation Philosophy – A Foundation for Decisions

What is a Compensation Philosophy?  Does your company have a compensation philosophy? What does that even mean?! A compensation philosophy is a description of the objectives, guidelines and principles on which compensation policies, programs, systems and practices are...