3 Common Types of Pay Compression

Pay Compression comes in many forms.  At its very root, pay compression refers to a situation where pay isn’t differentiated enough (i.e.: compressed) where maybe it should be and for a very compelling reason.  When pay compression is present, you …

You’ve Got Me Feeling Emotions…About Comp!

Whether we want to admit it or not, compensation is emotional.

On an intrinsic level it reinforces beliefs and behaviors of employees – ‘I worked hard and did a good job so naturally I deserve a raise’. On a smaller …

How to Clean House on Your Comp Plan

Creating a comp plan is like cleaning your house. It’s easy to look across a living room and kitchen full of dirty dishes, scattered toys & magazines, and think “I don’t have the time and energy for all of this …

HR Video: A Tale of Two Comp Plans

Got comp? Check out the latest video in PayScale’s new series, Ask a Comp Pro! This new educational video series answers all your most burning compensation questions, for newbies and seasoned veterans alike. Today’s topic: What happens when two companies …

Top 10 Skills Every Compensation Manager Needs

Compensation managers have a tough job. Making decisions about how much to compensate employees for their efforts often involves ‘dancing’ between profitability and fairness. The fact that this work takes a great deal of research, industry knowledge, and tactfulness in …

How modern are you?

Laleh Hassibi, PayScale

Confidence in compensation practices is shaky at best at most businesses. At the same time, the nature of workforces and employment is evolving rapidly, and organizations need to work hard to keep up. Getting and keeping the …

Compensation Strategies That Work

By Stacey Carroll, PayScale.com

This week, I presented a new webinar entitled “Compensation
Strategies that Work.” If folks were hoping that
I had a magic answer for the compensation strategy that works best they were
disappointed. The point of the …

“We’re too small for a comp plan.” Wrong answer!

I’ve worked with organizations of various employee sizes, from as small as 19 up into the thousands, helping them to develop stellar compensation plans. I really enjoy working with companies that have between 75 and 125 employees. Generally, by that …

Listen Up, Mr. Scrooge! PayScale Compensation Plan Advice

What We Would Teach Ebeneezer Scrooge About Compensation

“Bah, humbug! Why should I pay my people another dime?”

Beware, Managers, don’t follow Scrooge’s miserly ways when it comes to compensation. As the classic tale goes, through various ghostly visits, our …

Handle Questions About Your Comp Decisions

Are You Ready to Explain Each Employee’s Pay?

How well can you explain your compensation plan to your employees? What if you were asked detailed questions by a valued employee about their pay? Would you be ready to respond?

Imagine …