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Compensation Conscience

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The Value of a Total Compensation Statement

The purpose of a Total Compensation Statement, otherwise known as a Total Rewards Statement, is to make the employee realize the overall value of the …

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Compensation Analysis Glossary

A compensation analysis, also called salary analysis or pay analysis, is an organization-wide review of how your jobs are classified and compensated. Performing a compensation …

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What Is a Salary Grading Scale?

A salary grade scale is a pay format where employees are placed within a pay level based on their education and work experience. Each job …

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Defining the Difference Between Average and Median Salary

Median and average salaries are both measures of central tendency or the “middle of the market” regarding compensation. Many organizations target employee pay at either …

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6 Steps to Take Before Creating a Pay Matrix

In today’s war for talent, an increasing number of organizations are leveraging performance-based compensation plans, like bonuses and merit increases, to reward top employees. Research …

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Do Men Make More Than Women?

No matter where you are in your career, it’s worth considering how pay gaps may impact you and those around you. Women earned just 85 …

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Sample Compensation Philosophy

Download Now Ready to get started with your own compensation philosophy? Download a sample compensation philosophy statement to see how best-in-class organizations are tying their …

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Preparing Merit and Salary Budget Increases

Download Now Download our key takeaways on preparing merit and salary budget increases to help you design a performance evaluation system and ensure you are …

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Compensation Package Example

Download Now Download a sample compensation package statement to see how best-in-class organizations are presenting the total value of their rewards packages to their employees.

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What is Broadbanding in Compensation?

In human resource management, broadbanding is defined as having extremely wide salary bands, much broader than in traditional salary structures. While a typical salary band has …

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