Compensation budgeting can be quite the challenge for higher education institutions: budgets are often tight and HR staffs are lean. Additionally, HR and comp pros in higher ed must hire staff in greater numbers and more varied positions compared to …
This is an excerpt from our budgeting how-to whitepaper. Download the full version here.
We’re continuing our discussion on preparing summary budget requests. We’ve covered your options for making range adjustments and market adjustments if needed, and today we’ll look …
This is an excerpt from our budgeting how-to whitepaper. Download the full version here.
At this point, we have calculated our pay inequities at the organizational, job and individual levels. We’ve also calculated our increases and determined the actual …
This is an excerpt from our budgeting how-to whitepaper. Download the full version here.
There are a few different methods to use for calculating raises, depending on what you decide to base your increases on. We’ll look specifically at …
This is an excerpt from our budgeting how-to whitepaper. Download the full version here.
When it comes time to calculate your increase amounts, there are a couple steps you’ll want to take well in advance. First, think about what you …
This is an excerpt from our budgeting how-to whitepaper. Download the full version here.
At each level of the organization, and for each inequity you find, you’ll want to identify a resolution. A primary consideration, of course, is cost. …
This is an excerpt from our budgeting how-to whitepaper. Download the full version here.
Today we’re continuing our discussion on identifying compensation inequities, this time at the position and individual levels.
At the position level, there is …
This is an excerpt from our budgeting how-to whitepaper. Download the full version here.
There are a few different ways in which compensation inequities can exist in a company, from the organizational to the individual level. Today we’re covering inequities …
This is an excerpt from our budgeting how-to whitepaper. Download the full version here.
Money is an uncomfortable subject to talk about, even in business. Still, it’s a necessary part of developing and maintaining a loyal workforce, making compensation budgeting …
Tessara Smith, PayScale
In this first part of our three part email series on Compensation Budgeting, we take a look at compensation inequities. Compensation inequities can occur at an organizational, departmental, positional, or even individual level. To run a successful …
Mykkah Herner, M.A., CCP, PayScale
PayScale recently hosted a three-part webinar series all about Compensation Budgeting, presented by yours truly. Part one was all about managing pay inequities. Part two taught attendees all about raises, and part three showed how …
Money is a touchy subject, even in business. And asking for more of it, well that can feel like you may as well be walking a tight rope across Niagara Falls. Sometimes, though, it’s a necessary part of developing your …
Most people tend to view their personal and corporate budgets in very different ways, even though the basic principles of both are the same. To create a budget, no matter what type of budget it is, you have certain amount …
Laleh Hassibi, PayScale
At the end of 2012, most businesses were very optimistic about job and economic growth in 2013. The trends from Q4 and early Q1 supported the fact that we were in fact rebounding quite nicely from …
We are in the post-season for HR. It’s open enrollment time, flu season and, for a lot of organizations it’s also the time of the year for performance management and merit pay …