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’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...
Senior-Level Retirement Gridlock in a Pandemic

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...
AG Healey Issues Guidance for Employers on Equal Pay Law

AG Healey Issues Guidance for Employers on Equal Pay Law

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...

Don’t Confuse the Cost of LIVING with the Cost of LABOR

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...