Working with outdated pay ranges can create turnover, pay equity issues, low morale, and legal challenges. Also, granting merit increases without an accurate budget or distribution methodology has the potential to damage your professional credibility. Is calling in a compensation consultant the only solution?
Tag: Market Pricing Techniques
“You can see them coming down the hall … the employee armed with survey data that show that he or she is grossly underpaid.” Consultant Barry L. Brown, SPHR, CCP, has a plan for blunting these attacks.
Of course, it may be that your compensation program is flawed, but it’s more likely that the survey the employee is referencing is flawed or inappropriate, says Brown of Effective Resources, Inc., who delivered his tips at a recent BLR-sponsored webinar. It may be a bad survey that just wasn’t done well, or it may […]