article thumbnail

Walking Up a Descending Escalator & Other Crazy Pay Policies

Compensation Cafe

For example: if you increase your grade midpoints 3% every year while the average employee gets a 4% pay increase, the average worker's Compa-Ratio will only improve one percent per year. and Canada, he’s pretty much been there done that (articles, books, speeches, seminars, radio/TV, advisory posts, in-trial expert witness stuff, etc.),

COMPAS 40
article thumbnail

Cafe Classic: Solving the Dilemma of Pay Progression Over Time

Compensation Cafe

Conventional practice is to hire most new people into their jobs at salary levels below their market midpoint or Market Reference Point (MRP) and to move grade structures maybe half as much as the anticipated general market movement each year. The issue is simple and clear.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

OFCCP Compliance: Proactively Prepare for Compensation Audits

Trusaic

In this article we focus on what they mean for pay equity reporting and the move to strengthen pay transparency at the federal level. It relates to ensuring technology based recruiting, screening and hiring procedures like artificial intelligence (AI) do not create barriers to equal employment opportunity.

COMPAS 130
article thumbnail

Compensation and Benefits

Analytics in HR

This amount is negotiated during the hiring process and agreed upon before the employment contract begins. Every new hire should receive a clear report of their compensation package and know who to contact if they have any questions. It is typically an annual or monthly salary or an hourly rate.

article thumbnail

What is Compensation Management?

HRsoft

If you are a compensation specialist, payroll specialist, HR leader, business owner or manager, in this article we will take a deep dive into the most common questions asked about compensation management and strategy. It is a critical element in talent management, as it affects recruiting, retention, and operating budgets.