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...
Developing Effective Qualitative Goals

Developing Effective Qualitative Goals

When More Than Quantitative Incentive Criteria is Needed It is a common practice to select between two to five metrics to use for incentive criteria. Incentive criteria are usually a combination of financial, non-financial and strategic metrics. When the eligible...
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...