How Organizations Can Source Competitive Compensation Data

How Organizations Can Source Competitive Compensation Data

Wilson Group helps organizations identify, locate and understand what and how the market pays based on a job, location and industry. Organizations need this information to ensure they provide competitive pay opportunity for attracting and retaining employees. Without...
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...
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...
Compensation’s Role in the Attraction and Retention of Employees

Compensation’s Role in the Attraction and Retention of Employees

There are many factors why employees seek to work for or remain with an employer, with compensation being a key element. There is research that suggests that compensation’s role is not to be a driver of attraction and retention but support the other areas of the...