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’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...
Senior-Level Retirement Gridlock in a Pandemic
by Tom Wilson Well before the emergency of the Covid-19 pandemic there was a crisis forming in many organizations. This is a demographic crisis where highly experienced, senior level people who in the past would move on with retirement, are now staying put. This has...