The Role of HR In Compensation Decisions
Today, we’re continuing our coverage of highlights from the results of the BLR® 2015–2016 Pay Budget Survey. Full survey results are available to our Compensation.BLR.com® subscribers on the website.
Tag: SALARY
The Results Are In! Highlights from BLR’s 2015-2016 Pay Budget Survey
How much have your pay rates increased in 2015? What will they be in 2016? Are they tied to the market or internally driven? What’s going on with your peer companies around the country?
Crafting an Effective Salary Structure: Art or Science?
Yesterday, we got some insights on the importance of a well-structured approach to compensation at your organization, courtesy of J. Timothy O’Rourke. Today, we look at his take on whether building an effective salary structure is more of an art or a science.
Sales: In Its Own Category When It Comes to Bonuses
Yesterday, we looked at the types of employee bonuses you might wish to consider offering as well as some of the pros and cons. Today, we turn to sales team incentives, which are in a category all by themselves.
DOL’s proposed rules to swell ranks of overtime-eligible employees
The U.S. Department of Labor’s (DOL) release of new proposed rules regulating who is eligible for overtime pay has employers scrambling to determine how many of their workers will need to be reclassified when new regulations take effect. Currently, the salary threshold for an employee to be exempt from the Fair Labor Standards Act (FLSA) […]
Additional Considerations as You Plan Your Salary Strategy: Job Descriptions, Salary Compressions, and More
Yesterday, Amy Letke, SPHR, GPHR of Integrity HR, Inc., took us through the ins and outs of aging factors: Lead, lag, or lead/lag—which is best for your organization? Today, she looks at additional considerations as you set out your compensation philosophy and strategy.
Want to keep employees? Consider the reasons they quit
It may be a cliché to say employees are an employer’s greatest asset. But if that weren’t true, it wouldn’t be a cliché and employers wouldn’t focus so much attention on retaining their best and brightest. The reasons behind an employee’s decision to leave a job depend on each individual’s situation, but new research identifies […]
How to Use Market Data to Determine Salary Range
When in doubt about how to set an accurate salary range for a given position, market survey data are crucial. That’s Compensation 101-level stuff. What’s not always so clear, however, is what to do with those data.
Strategies for Smart Salary Surveys
Yesterday, we got some important guidance on job descriptions as they relate to your compensation program, courtesy of John Rubino of Rubino Consulting Services. Today, Rubino’s thoughts on salary surveys: the good, the bad, and the potentially illegal.
The Key Role of Job Descriptions in Pay Programs
It’s easy to think of job descriptions as an HR compliance tool—which they are. But it’s also important to remember that they play an important role in your compensation planning as well.