Evaluating Base Salary Program Effectiveness: Four Key Questions

Evaluating Base Salary Program Effectiveness: Four Key Questions

Base salary significantly impacts employee motivation, perception of fairness, and long-term retention, and is the company’s largest cost. Its effectiveness is determined by more than market competitive salary ranges; it includes making pay decisions and communicating...
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...
Job Descriptions: An Essential Management Tool

Job Descriptions: An Essential Management Tool

Job descriptions are an essential part of hiring and managing your employees. Written summaries of your jobs ensure applicants and employees understand their roles and are accountable to the organization. Job descriptions also: Serve as the foundation for creating job...
Preparing to Return to Work – Base Pay Fundamentals

Preparing to Return to Work – Base Pay Fundamentals

by Rhonda Farrington While many organizations are freezing any planned hiring, and others have had to lay off or furlough employees, preparing your organization for when business returns to a post pandemic normal is an essential way for Human Resources to support the...