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...
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...
PURPOSE The overall purpose for collecting market data is to make informed decisions about the compensation program. These decisions involve pricing jobs, analyzing pay trends, identifying pay practices, and establishing a salary structure. TYPES OF SALARY SURVEYS A...
By Susan Malanowski and John Malanowski A total rewards philosophy forms the foundation for leadership decisions regarding employee compensation and benefit programs. A good Total Rewards Philosophy will also provide the framework for communicating the programs to...
By Susan Malanowski As we partner with organizations to create base and variable pay programs, benchmark external compensation, and evaluate internal pay equity, the level of pay transparency is tested. Organizations make significant investments in time and resources...
