Day: March 24, 2020

Getting Started With Compensation Design

Oftentimes when managers discuss pay with their employees, they encounter questions for which they may not have an answer. Employees want to know that they are receiving fair pay for their contributions, so they may wonder how their pay is linked to performance, how it compares to other salaries within the company, and likewise, how […]

Written by on March 24, 2020

Factoring Compensation into a Comprehensive Total Rewards Strategy

After the initial assessment of design plan considerations for creating a total rewards package, most employers choose base pay as an ideal starting point. In fact, findings from an HRsoft poll reveal 92% of companies focus on base pay first. While there is nothing wrong with beginning with other components of compensation, it is a […]

Written by on March 24, 2020