PURPOSE The overall purpose for collecting market data is to make informed decisions about the compensation program. These decisions involve pricing jobs, analyzing pay trends, identifying pay practices, and establishing a salary structure. TYPES OF SALARY SURVEYS A...
By Susan Malanowski and John Malanowski A total rewards philosophy forms the foundation for leadership decisions regarding employee compensation and benefit programs. A good Total Rewards Philosophy will also provide the framework for communicating the programs to...
By Susan Malanowski As we partner with organizations to create base and variable pay programs, benchmark external compensation, and evaluate internal pay equity, the level of pay transparency is tested. Organizations make significant investments in time and resources...
by Tom Wilson One of Peter Drucker’s notable expression was: “Culture eats strategy for breakfast.” In fact, culture shapes behaviors, where plans and structures only attempt to influence them. Long-term incentives, compensation programs tied to a company’s future,...
By Susan Malanowski Short-term incentive plans have a performance period of one year or less. The most common performance periods are annually and quarterly. For 2019 calendar year plans, the last quarterly or annual payment was made by March 15 of this year in order...
by Larry Reissman Crisis in the Chinese language is made up of two characters: one for danger and the other for opportunity. We understand all too well the danger part of a crisis. Let’s look at the current Covid-19 crisis from an opportunity perspective....
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