In 2003, Americans believed that salary budget increases had hit an all-time low. At 3.4 to 3.6 percent, it was the first time in decades that increases had dropped below 4 percent. 13 percent of employees froze salaries in 2004...
The Importance of Being Current
With the economy still lulling, many organizations may overlook the importance of keeping their salary structure current, posing the question, why is developing a comprehensive compensation program so important? Throughout this piece, we will discuss why an organization should become...
Don’t Judge a Title by its Job
As compensation consultants working across a number of different industries, we see a lot of different positions and position titles. As part of our position and evaluation review process revising and cleaning up titles has become an initiative that spins...
Concerns About Employee Retention?
With the forecasted economic rise in 2011, employers are increasingly worried about losing top performers. While the economy has been down, companies have focused on nonmonetary rewards for employees, including career development and training. However, with the economy rising, top...
Variable Pay the New Merit?
In light of the current economic conditions along with the recent regulatory changes, compensation and human resources professionals may ask "what does this mean for variable compensation"? We recently developed and presented on this topic at the Atlanta Area Compensation...
How Are You Dealing with Workers Putting Off Retirement Due to the Recession?
I attended a professional association meeting this morning, and the topic naturally centered around how companies are adjusting to the economic downturn. It seems news of the recession is everywhere in the media lately. A few weeks ago Phil Blount,...
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