Compensation Cafe

MAY 15, 2020

We bring you this Classic primer on some eternal salary management questions, via Jim Brennan. . What current incumbent employees on a payroll receive normally changes at a faster pace than the external outside competitive market prices for jobs. New hires enter at lower rates.

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COMPAS Compensation Immedis Retirement 52

Compensation Cafe

JUNE 15, 2015

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. Picture walking up a descending escalator. Standard remedies are few and seldom applied.

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COMPAS Policies Hiring Software Recruiting Software 40

Compensation Cafe

OCTOBER 5, 2018

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.

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Hiring Software COMPAS Compensation Planning Tools 75

HRsoft

FEBRUARY 20, 2024

Compensation management strikes the balance between the competitive landscape of the industry, regulatory requirements, and employee expectations. What Is Compensation Management And Why Is It Important? It is a critical element in talent management, as it affects recruiting, retention, and operating budgets.

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Compensation Planning Tools HR Software Assessment Software 59