Category: Compensation Planning

market price

A Practical Guide to Market Pricing

Compensation planning can be a very time consuming task. It’s vital to attracting and retaining qualified talent, but can be a bit less cumbersome when managed with a practical approach.

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2018 Pay Budget Increases Remain Flat—with Notable Exceptions

A new Mercer survey has found that pay budget increases  remain about the same as last year—at 2.8%.  However, according to a press release on the findings of its 2017/2018 US Compensation Planning Survey, base pay for certain jobs with in-demand skillsets is advancing at a far greater pace, Mercer has found.

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CEO

What Is the Biggest Challenge to the CEO Pay Ratio Disclosure Rule?

One half of U.S. companies say their biggest challenge in complying with the forthcoming pay ratio disclosure rule is forecasting how their employees will react, according to a poll by Willis Towers Watson, a leading global advisory, broking, and solutions company. The poll also found nearly half of respondents haven’t considered how, or if, they […]

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banking

U.S. Salary Budget Increases Consistently Remain at 3%

According to WorldatWork’s annual Salary Budget Survey, employers in the United States report that the average 2017 total salary increase budget is 3.0%, the same as it has been for the past 3 years. Respondents are planning for a slight increase for 2017 salary increase budgets but only up to 3.1%.

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salary survey

How HR Can Get the Most from Salary Surveys

There are plenty of salary surveys available and, arguably, there’s not a lot of difference between them. Most provide a number of incumbents, a mean, and multiple percentiles. Some use number of employees to describe company size and some use annual revenue. Most are broken down by industry and geographic location. Some provide position level […]

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Missouri

Court Holds Missouri TV Station to Oral Agreement Despite Unclear Bonus Terms

In Missouri, it has long been settled that for a contract to be valid and enforceable, the essential terms must be definite and mutually agreed upon by both contracting parties. Without certainty in the crucial terms, there can be no mutual understanding between the parties and, therefore, no valid contract. However, a recent decision from […]

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overtime

Proposed Comp Time Law and Overtime Regs: What’s the Connection?

You’ve probably heard by now that the U.S. House of Representatives last week passed a new law that allows private employers to offer employees comp time in lieu of overtime pay. That law has not yet been passed in the U.S. Senate but what if it is? How will it impact your compensation plan? Will […]

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