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- Date:
- November 4, 2022
- Type:
- Commentary and Insights
In a post-pandemic job market, inflation, the uncertainty of recession and continued labor shortages present unique challenges for employers, especially when it comes to compensation. In this article, we provide important compensation insights to help prepare HR for what's ahead.
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- Type:
- Quick Reference
This chart lists various types of communications about employee compensation and details their purpose, audience, content and suggested methods of delivery.
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- Type:
- How To
This How To reviews the basic steps and considerations involved in creating a compensation strategy that effectively serves an organization.
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- Type:
- Leading Practice Guides
Best practice guidance discussing the building blocks that are the foundation for establishing compensation systems, including base pay and adjustments to base pay according to cost-of-living increases; seniority; job performance; and the acquisition of new competencies, skills or knowledge sets.
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- Type:
- Leading Practice Guides
Leading practice guidance discussing the three goals of a successful employee compensation system: internal consistency, market competitiveness and recognition of employee contributions.
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- Type:
- Leading Practice Guides
Leading practice guidance discussing two of the most common pay structures in employee compensation: merit-based pay and person-focused pay.
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- Type:
- Leading Practice Guides
Leading practice guidance discussing the main compliance challenges that organizations face in employee compensation and the metrics that organizations can use to make sure their compensation system is meeting their goals.
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- Type:
- Checklists
This checklist may be used when managing and implementing an employee compensation system.
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- Type:
- How To
This How To details the steps a prudent employer should take when using the "point method" for evaluating the value of jobs to inform employee compensation decisions.
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- Type:
- Policies and Procedures
An employer may use this compensation philosophy to describe the compensation practices that support a company's overall business objectives and its market position relative to other employers that compete to employ similar talent. A compensation philosophy should also express the compensation practices that influence an employee's experience at work.
