The compensation profession suffers from a severe lack of effective metrics. To be frank, the typical measures used in describing compensation program success really have nothing to do with [...]
Resolution #8 – Examine your base pay program from the perspective of employees, and ask yourself whether they can “predict” changes to their pay. For the vast majority of jobs, hourly wages or [...]
Resolution #4 – Reconsider your organization’s “minimum wage” in light of all of the costs associated with being cheap The December 14, 2015 issue of Crain’s Detroit [...]
In preparation for our “2016 Compensation Resolutions #3” post on the need to rely on internal equity planning over the vagaries of using market data in establishing compensation programs, I [...]