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...
Important information: Updated Law Goes Into Effect July 1, 2018; AG’s Office launching new website, webinar series to educate employers. Below is the news release from March 1, 2018: BOSTON – To ensure that employers are prepared for the updated Massachusetts Equal...
In working with clients in the development and management of base pay programs, we may hear about or receive questions about geographic cost of living being used to determine or justify pay rates. For example, “our Stanford, CT location has a much higher cost of...
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...
Too many measures “Less is more” when determining the criteria or metrics to use in the plan. Plans with 3 to 5 measures can provide balance and focus. Too many measures dilute a participant’s attention and motivation. Metrics with a weight less than 10% of the total...
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