The compensation process is in need of a modern transformation. The corporate world has changed, and how we approach compensation needs to change with it. Pay-for-performance, variable pay, and the increased focus on transparency resulting from a primarily millennial workforce have created a...
Communication in today’s workplace is fundamentally broken. Employers see things one way, while employees see that same issue completely differently. It is as though they are speaking different languages—something is getting lost in translation. We call this phenomenon “the corporate...
Are your pay practices top-notch or just average?
There are real benefits to adopting modern pay practices according to PayScale’s “2016 Compensation Best Practices Report.” Top performing companies that used modern pay practices exceeded revenue projections in 2015, compared to all...
Most business leaders agree that their people are their best asset. Retention is an ongoing concern for most companies. But how do you tackle it? The purpose of this paper is to explore why turnover matters and what it really means to manage it.
Whether you’re rolling out a brand new compensation plan, preparing to make a pitch to your executives about why you need a compensation plan, have recently updated your plan, or just want to learn more about compensation, this is the eBook for you!
Who you can classify as exempt or nonexempt became a lot more complicated after the U.S. Department of Labor changed the rules on FLSA overtime standards. A mistake can cost your organization thousands of dollars in fines, but proper classification can be challenging for a variety of...
According to nearly 7,600 employers surveyed, compensation remained a top reason for why people voluntarily left a company. Paying employees at or above market is a strategy that can produce more profits but getting leadership to sign off on an increased compensation budget is a challenge in...
Potential employees are more informed than ever about the salaries paid for the same position at multiple companies. To compete for talent, you must be aware of what the market is paying for certain skills and develop fair and reasonable salary ranges in your company.
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