Compensation Cafe

MAY 15, 2020

Editor's Note: Confused by the different figures coming out of salary budget surveys every year? We bring you this Classic primer on some eternal salary management questions, via Jim Brennan. . Churn occurs among grade peers due to new hires, promotions, quits, retirements and reclassifications.

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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. James (Jim) Brennan was Senior Associate of ERI Economic Research Institute , the premier publisher of interactive pay and living-cost surveys.

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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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