Trends and Best Practices
How competitive are your company’s salaries? How fair is pay among your workforce? A quick way to identify potential problem spots is with compensation ratios. …
The term “red circle rate” is used to describe an employee whose pay is above their position’s maximum rate. Conversely, a “green circle rate” is …
A merit matrix, also known as a merit increase matrix or salary increase matrix, is a mathematical grid that compensation professionals provide to help company …
Are you looking to calculate annual turnover rate for your company? It’s easier than you think once you know the annual turnover rate formula. In …
There are several reasons why you may wish to prorate an employee’s bonus – that’s is, pay them just a portion of the total amount …
Download this Sample Compensation Plan white paper to see how the different stages of the compensation planning process come together in your comp plan. https://www2.salary.com/l/250572/2020-12-08/2m4jzgj
The United States has been enjoying a long stretch of economic growth, with unemployment rates of hitting a record low of 3.7% last year. Though …
Let’s explore how the key components of the compensation and total rewards planning process come together to create a comprehensive compensation plan for your organization. …
Employees are the most valuable asset at any company. Employees create and sell the company’s service or product, manage customer interactions, create company culture, and …
From the time it was introduced in 1938, the U.S. minimum wage has sparked controversy. Is minimum wage a federal issue? Should minimum wage be …
In the modern war for talent, the best candidates are off the market in an average of 8 days. While industry type, brand reputation, job …
Healthcare providers started using electronic health records (EHR) in 2015. Due to government incentives, companies kept using EHR systems to their advantage. Holy Spirit Health …
Businesses are considering human resources and compensation trends as they plan their operations. Let's review HR and compensation trends to see what companies should watch …
In the War for Talent, you need to offer a fair, competitive salary to hire top candidates. Delivering the right offer is a meticulous process, …
It's fascinating to look back at the leading compensation trends and events in HR and compensation in years' past. Last month's hot topics included H-1B …
Thank you for checking out the sixth edition of the “compensation corral” - a monthly round-up summarizing 10 topically relevant articles in the space. This …
This year’s SHRM Annual Conference & Exposition is around the corner, and we are just counting down the days. Held June 17-20 in Chicago, SHRM …
Is HR Losing Influence on the C-Suite? HR leaders can regain their influence with senior executives by transforming HR into a data-driven, proactive function that …