Creating a compensation strategy can ensure a consistent and business aligned approach to managing your employees pay. In this article, we walk through the key steps in developing a compensation stratgey.
Job architecture refers to the structured framework within an organization that defines and organizes roles, levels, and career paths. It provides a way to systematically categorize jobs based on skills, responsibilities, and qualifications, creating a hierarchy that aligns with the organization's goals and compensation structures. We cover how to take on such projects in this article.
Earlier this year, the U.S. Department of Labor announced major changes to the Fair Labor Standards […]
Recently, we hosted a session titled "Stump the Compensation Consultant," where attendees had the opportunity to ask our panelists any question on their mind. The conversation touched on a range of topics, from career advancement strategies to the role of AI in compensation, each providing valuable insight into the complex world of compensation.
Learn five key strategies for compensation teams to build trust, communicate effectively, and become strategic partners with the C-suite, driving impactful organizational decisions.
What happens when an employee finds a list of their peers salaries by mistake? Some users go to reddit for advice. This article reviews the scenario as it unfolds on reddit.
CompTool’s 2024 study on pay transparency provides a comprehensive analysis of the evolving practices within the […]
Pay for performance is more effective when the Compensation team is able to utilize the numerous levers it has to pull. This article discusses 4 major elements of pay for performance: merit, short-term incentives, spot bonuses and long-term incentives.
Golden parachute clauses are usually related to the departure of senior executives as a consequence of a merger or acquisition. Severance compensation might be a flat amount, a bonus, stock options, or the realization of previously awarded remuneration. The employment contract of most companies has explicit wording that specifies when the golden parachute provision will be activated.
Golden handcuffs can be a great way to drive employee retention, but sometimes a little turnover can be a good thing. Don't let your Golden Handcuffs become tarnished.
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