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Yesterday, BLR’s Senior Compensation Editor Sharon McKnight, CCP, SPHR, took us through the process of finding compensation data for those slippery jobs that are tough to classify. Today: What to do if you’ve gone through all those steps and still find yourself coming up empty.
Trying to find market data for some jobs may seem a little like searching for a needle in a haystack—tedious, time-consuming, and marginally successful. Often, the problem isn’t that no data are available but in how we’re look for them, says BLR’s Senior Compensation Editor Sharon McKnight, CCP, SPHR.
While you are at it, Schickman adds, make sure that your practices match your policies. Schickman is a partner with Freeland Cooper &Foreman LLP in San Francisco. He offered his tips during a recent webinar sponsored by BLR® and HR Hero®. Supervisor Training Highlights Be sure your training covers the following, says Schickman: Basic rules […]
Red Circle employees indicate you are spending too much on compensation relative to the value of the jobs, says consultant Terry Pasteris, CCP, GRP, but Green Circles may set you up for a lawsuit. Pasteris’s comments came at a recent BLR-sponsored webinar. Red Circle employees are those who are paid over the maximum for the […]
Why Are Compensation Metrics Important? Pasteris, who is president of TLMP Consulting Group, offered her tips at a recent BLR-sponsored webinar. She says that metrics help with the following: Knowing whether you are succeeding in following your compensation philosophy. For example, say you want to pay at the 75th percentile of the marketplace. You have […]
Do you use compa-ratios to check to see if your employee pay is meeting your organization’s compensation goals? What is a Compa-Ratio? For those of us just getting started with compensation metrics, the term “compa-ratio” may sound foreign. What is it? What does it do? “It’s basically taking a salary and dividing it by the […]
“What are compensation metrics? Basically, when we talk about a metric, we’re talking about a measurement. We’re talking about a statistic or a measurement that is intended to assess value and effectiveness.” Terry Pasteris explained in a recent BLR webinar. “So, depending on what aspect of value or effectiveness or what aspect of our program […]