Remove 2011 Remove Bonuses and Incentives Remove Compensation Remove Compliance
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Why Every Organisation Needs a Solid Compensation Strategy

6Q

Fair compensation is one of the things that employees consider when looking for and staying in their jobs. While a solid compensation and benefits package is a good start, we need to take it one step further. If we feel like our compensation scheme isn’t working, it’s time to reflect and reassess the status of the current system.

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Why Every Organisation Needs a Solid Compensation Strategy

6Q

Fair compensation is one of the things that employees consider when looking for and staying in their jobs. While a solid compensation and benefits package is a good start, we need to take it one step further. If we feel like our compensation scheme isn’t working, it’s time to reflect and reassess the status of the current system.

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Cost of Living vs. Cost of Labor — Is There a Difference?

Zenefits

Since that time, the various annual COLAs have ranged from a low of 0.00% in 2010, 2011, and 2016 (0.03% in 2017) to a high of 14.3% The primary factors involved in calculating the cost of labor include: Salaries, wages, incentives, commissions, and bonuses. So, why don’t all companies apply cost of living adjustments?