Tag: Pay Budget Survey

Highlights of BLR’s 2016-2017 Pay Budget Survey

Conducted in May, BLR’s 2016-2017 Pay Budget Survey provides data from 555 participants on 2016 increase amounts for senior management, management, exempt non-management, hourly office, and hourly non-office employees, as well as the increase amounts being budgeted for next year and the most common increase amount by performance level.

Print

2014-2015 Pay Budget Survey Results in; How Do You Compare?

Highlights of the survey: 18.2% of respondents are awarding merit increases (averaged across all employee types) of up to 2.5% in 2014 and 46.1% are awarding increases of more than 2.5% 21% of survey participants awarded an increase of 2.51–3% for “Meets requirements” and 12.9% awarded that amount for “Exceeds requirements.” The biggest challenge for […]

Print

Compensation & Benefits Top 10: Summer Wrap-Up

BLR’s 2013-2014 Pay Budget Survey Data: How Do You Compare? The nearly 700 participants in this year’s edition of BLR’s 2013–2014 Pay Budget Survey show 19.2% of employers awarding merit increases of up to 2.5% in 2013 and 42.7% awarding increases of more than 2.5%, with 3.6% awarding increases above 5% of base pay.   […]

Print

BLR’s 2013–2014 Pay Budget Survey Data: How Do You Compare?

What’s in the Survey Report? Here’s what you’ll find in the full survey report below: 2013 Data 2014 Data Breakdowns by Geography and Industry Criteria Used to Determine Rate Range Adjustments Pay Practices Factors That Affect Salary Increases How the Salary Range for a New Position Is Determined Sources of Salary Data HR’s Role in […]

Print

The Truck Loaders’ Tale—Metrics and Management

We’ve shared Ahlrichs’ truck loader story before but it’s worth repeating as it clearly illustrates what can happen when different parts of the team are using different metrics. Ahlrich, who is owner of ExpertSpeaks, and a consultant and business developer for Gregory & Appel. offered his tips at a recent webinar sponsored by BLR and […]

Print

The 3 Critical Categories for Salesperson Success

To accurately predict whether an individual will succeed in sales, you (and/or your assessment tool) need to extract information in three critical categories, says Anderson, who is president of the Selling Skills Institute, and developer of the proprietary Shift Thinking Selling Methodology. Anderson offered his tips at a recent BLR/HRHero webinar. Here are Anderson’s three […]

Print

Audit Turns Up Turnover Nightmare Sorry, One More Critical Task for Comp—Audit Time

Despite the fact that most comp managers are crazy busy, it’s time to add a task to the mix, says Dorf—a thorough compensation program audit. And, yes, in spite of what could be construed as a self-serving suggestion, he wants you to hire someone else to do it. Dorf is managing director of Compensation Resources, […]

Print

Get Ready for the Coming Collision of Compensation and Demographics

People Don’t Understand the Demographics Companies tend to relax about compensation during an economic downturn, but that may be a mistake, says Dorf, who is managing director of Compensation Resources, Inc. in Upper Saddle River, NJ. “I don’t think people understand how demographics fit with this recession,” Dorf says. The number of people who are […]

Print

Pay for Performance? Your Comp Program Is Still ‘Old School’

Even with pay for performance, says Epps, managing partner of EP2S Compensation Solutions, LLC, many companies are promoting the wrong people and granting raises for the wrong reasons. Promotional raises increase labor costs, but don’t necessarily help the company perform better. “Whether the company’s performance is good or poor doesn’t make much difference in labor […]

Print