Practical HR Tips, News & Advice. Updated Daily.
Strand, owner of consultancy HR Dynamics Inc., offered his seven steps to successful market pricing at a recent webinar hosted by BLR/HRhero. 1. Identify Positions to Market-Price Ideally you’d like market data on all your positions, says Strand; however, in reality, you will probably obtain data on a sample of your positions, perhaps 30 to […]
Strand, owner of consultancy HR Dynamics Inc., offered his seven steps to successful market pricing at a recent webinar hosted by BLR/HRhero. [Go here for steps 1 to 4] 5. Choose Your Rate Let’s say that in analyzing market data, you come up with a market rate of $61,400 for an Office Manager position, and […]
The Compensation Daily Advisor® announced today the release of a free report for compensation professionals, Market Pricing Versus Job Evaluation: Why Not Both?, which provides a strategy to help employers integrate job evaluation and market pricing tools. The exclusive special report examines the two tools in tandem – rather than as competing strategies. Market pricing […]