The gender pay gap presents a complex challenge for employers. While there are many historical, political, and cultural forces at play, these must be balanced with accurate and relevant data....
Although they have conducted compensation surveys since the 1970s, Western Management Group (WMG) has never collected gender data in the U.S. In recent years as the gender gap issue gained...
In large organizations, the compensation planning cycle can be complex and resource-intensive. To minimize the administrative burden on HR teams, companies can implement compensation management software. Featuring easy-to-use tools, this...
In order to ensure a defensible and equitable compensation plan, organizations should adopt a step-by-step process to oversee equal pay processes. By writing detailed job descriptions, performing job valuing, and...
In itself, compensation presents enough challenges for organizations. With tight budgets and a number of factors to consider for every pay decision, it’s difficult for companies to ensure they’re paying...
Long term incentive administration utilizes performance-driven programs over the course of multiple years to compensate employees. Here, we discuss some basic options for long term incentive plans to help you...
Many organizations need to review their compensation administration practices from time to time. While compensation isn’t the only motivator you can use to drive employee performance, it is an important...
When executed effectively, bonus administration can incentivize improved performance. It also provides the recognition most employees seek, which can support employee engagement and help you retain your top talent. However,...
Workforce challenges vary by industry, location, and other differentiating factors, but rising employee turnover rates affect virtually all employers. Here, we’ll take a look at why turnover is such a...
Variable compensation is a way of paying employees based on their individual performance or that of their team. BusinessDictionary notes that variable pay is also sometimes called “pay at risk,”...