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Dry promotions: Definition, considerations, and guidelines for employers

Business Management Daily

When you increase the employee’s responsibilities and give them a higher-level job title without added pay, you are giving them a reason to leave the company in search of fair compensation and making it easier for them to find a better-paying job at a competing employer by building their resume.

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Hiring a Compensation Consultant: 7 Steps for Nonprofits

Astron Solutions

Your nonprofit organization might find that it needs some outside guidance around compensation for any number of reasons. Lowering turnover , strengthening your recruitment strategies , and conducting custom sector surveys are all common reasons for nonprofits to hire a compensation consultant.

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7 Compensation Practices of High-Performing Organizations [New Research]

Lighthouse

Over the last few months we’ve been working on our 2023 Compensation Data and Technology Trends research that we update every two years. These practices ultimately offer a helpful set of guidelines for organizations looking to establish themselves as high performers, especially when it comes to talent management practices.

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AI Ethics Codes: Why You Shouldn’t Make Remote Work Compensation Decisions Without One

Visier

Indeed, hybrid work is upending traditional compensation strategies, and employers need all the decision support they can get. It can also help align the decisions of individual people managers with a broader framework for compensation that is designed for equity and fairness.

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Small Business Guide to Comp Benchmarking

Understanding the market, then determining guidelines for pay isn’t just a nice to have for today’s talent, it’s a must have. Download this eBook and learn: How to choose a compensation strategy. How to turn market data into guidelines for pay. What comp data sources to use.

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How To Create An Employee Compensation Strategy

6Q

The purpose of this blog post is to provide an overview of how to create an employee compensation strategy. We’ll cover topics such as the types of compensation, how to determine salary and wages, the role of bonuses, and more. Additionally, a good compensation plan should have a positive company culture.

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Modern Compensation Strategy Best Practices

Bonusly

No matter how large or small your business is or what industry you work in, chances are, you’ve thought about how best to determine compensation for your employees—especially if you are a company or HR leader. They may need some updating to align with the compensation best practices below.