Compensation trends: Modern perspectives on pay

PayScale's Compensation Glossary: Part 4 of 4

<img width="610" height="175" src="http://www.payscale.com/cms-images/default-source/Blogs/header_comp101_main.png" alt="Header_Comp101_Main" /> <b>Jenni Marquez, CCP, PayScale Compensation Professional</b><br>Let’s review. So far, we’ve given you the cliff notes for Comp 101, Market Pricing, and Pay Structures. Today we bring you (drum-roll please), your final exam! Just kidding. There is no test, but we do have our final list of terms for you. For our 4th and final lesson, we present: Pay Concerns and Pay Raises.

PayScale`s Compensation Glossary: Part 3 of 4

<img width="610" height="175" src="http://www.payscale.com/cms-images/default-source/Blogs/header_comp101_main.png" alt="Header_Comp101_Main" /> <strong>Jenni Marquez, CCP, PayScale Compensation Professional</strong></p><p>Wow! Can you believe it that we’re half way through our 4-Part Comp Glossary bringing you closer to ‘comp’lete mastery of the compensation language?! In part 3, we bring to you: Pay Structures.

PayScale`s Compensation Glossary: Part 3 of 4

<img width="610" height="175" src="http://www.payscale.com/cms-images/default-source/Blogs/header_comp101_main.png" alt="Header_Comp101_Main" /> <strong>Jenni Marquez, CCP, PayScale Compensation Professional</strong></p><p>Wow! Can you believe it that we’re half way through our 4-Part Comp Glossary bringing you closer to ‘comp’lete mastery of the compensation language?! In part 3, we bring to you: Pay Structures.

Compensation Round-Up: JLaw’s Gender Wage Gap, Transparency, and RIP Annual Raises

<img width="610" height="175" src="http://www.payscale.com/cms-images/default-source/Blogs/blog_header9-29_main.png" alt="Blog_Header9.29_Main" /> <a href="https://www.linkedin.com/in/joleenoerman">Joleen Oerman, B2B Content Marketing Specialist, PayScale</a></span></p><p>Welcome to the Compensation Roundup, where we bring to you the hottest news in comp! Sample what’s happening in compensation right now, get in the know and grab some conversation starters. This week's topics: JLaw’s Gender Wage Gap, Transparency, and RIP Annual Raises.</p>

Trouble Brewing: When the Compensation Strategy isn't Working Anymore

<img width="610" height="175" src="http://www.payscale.com/cms-images/default-source/Blogs/header_whencompstrategyisntworking.jpg" alt="header_WhenCompStrategyIsntWorking" /><a href="http://www.hr-writer.com/" title=" target=" rel="noopener">Tess C. Taylor, PHR, SHRM-CP, PayScale Senior Blogger</a><br><br>Just because your organization has an established compensation plan doesn’t mean it’s working well anymore. It’s very possible that trouble may be brewing. The signs may be subtle at first, but the problems will only build until the entire thing breaks down. Now, I don’t want to scare you, but I do want to educate you on some of the symptoms of a compensation strategy that’s about to fail.

Salary Terms every Compensation Manager Needs to Know

<p><img width="610" height="175" src="http://www.payscale.com/cms-images/default-source/Blogs/header_comp101_main.png" alt="Header_Comp101_Main" /> <b>Jenni Marquez, CCP, PayScale Compensation Professional</b></p><br>Even the most seasoned HR professional might take a big gulp if approached by their CEO to take charge of anything comp. That’s because, despite being part of the HR department, compensation is like the cool kid at a party. You know, the one you’re afraid to talk to. A bit mysterious, intriguing, and frankly, just seems way out of your league. Comp has its own language. Sure, you’ve heard some terms before, but you have no idea what they mean so you try to avoid the conversation altogether. Not to worry! PayScale has you covered in our new, 4-part Comp Glossary. You’ll be ‘comp’letely fluent in no time.

Salary Terms every Compensation Manager Needs to Know

<p><img width="610" height="175" src="http://www.payscale.com/cms-images/default-source/Blogs/header_comp101_main.png" alt="Header_Comp101_Main" /> <b>Jenni Marquez, CCP, PayScale Compensation Professional</b></p><br>Even the most seasoned HR professional might take a big gulp if approached by their CEO to take charge of anything comp. That’s because, despite being part of the HR department, compensation is like the cool kid at a party. You know, the one you’re afraid to talk to. A bit mysterious, intriguing, and frankly, just seems way out of your league. Comp has its own language. Sure, you’ve heard some terms before, but you have no idea what they mean so you try to avoid the conversation altogether. Not to worry! PayScale has you covered in our new, 4-part Comp Glossary. You’ll be ‘comp’letely fluent in no time.

3 Common Types of Pay Compression

Compensation Round-Up: Love, Lies, and a Game of Horse

<img width="610" height="175" src="http://www.payscale.com/cms-images/default-source/b2b/blog_header9-29_main.png" alt="Blog_Header9.29_Main" /><br><a href="https://www.linkedin.com/in/joleenoerman">Joleen Oerman, B2B Content Marketing Specialist, PayScale</a><br><br>Welcome to the Compensation Roundup, where we bring to you the hottest news in comp! Sample what’s happening in compensation right now, get in the know and grab some conversation starters. <b>This week's topic: Loves, Lies and a Game of Horse.</b>

How to Communicate a Change in Annual Raises or Compensation Rates

<img width="610" height="175" src="http://www.payscale.com/cms-images/default-source/b2b/header_communicatechangerightway.png" alt="header_CommunicateChangeRightWay" /><a href="https://plus.google.com/102099066436032147105? rel=author" style="line-height: 1.5">Jessica Miller-Merrell,</a><span style="line-height: 1.5"> blogging4jobs</span><p>Any kind of change in the workplace can be a challenge for employees. Big or small, change is typically not a welcomed thing. Add in a monetary factor and people tend to get even more stressed out. It’s understandable. You’re talking about making changes to their livelihood, which can be stressful, confusing, annoying or downright scary. However, change is an inevitable part of life and work. So when you do find yourself in a situation where change is around the corner, it’s vital to communicate in a way that doesn’t alienate your workforce. Communicating compensation rates or annual raise changes requires strategy, tact and forethought.

Focal vs. Anniversary merit raises: Pros and cons

<img width="610" height="175" src="http://www.payscale.com/cms-images/default-source/b2b/header_focalsalaryincreases.jpg?Status=Temp&amp;sfvrsn=2" alt="header_FocalSalaryIncreases" /><a href="http://www.hr-writer.com/" title=" target=" rel="noopener">Tess C. Taylor, PHR, SHRM-CP, PayScale Senior Blogger</a><br><br>Shifting merit increases from employee anniversary dates to a focal point system may be an option for companies that want to connect performance with pay. While it can raise concerns for employees initially, there are multiple advantages of changing salary increases to correspond with actual performance metrics. But before you go messing with people’s pay, learn what this change impacts.

Minimum Wage Increases: The Key Factor You're not Looking At

<img width="610" height="175" src="http://www.payscale.com/cms-images/default-source/b2b/header_mediumminimumwage.jpg?Status=Temp&amp;sfvrsn=2" alt="header_MediumMinimumWage" /><br><a href="https://www.linkedin.com/in/joleenoerman">Joleen Oerman, PayScale</a><br><p>Like a dress code in a public school, minimum wage mandates are invading cities, to mixed reactions. Concern is understandable: As a small business owner, one moment you’re able to outfit your work force into jeans of many brands—from Jordache to Joe’s. Then your city mandates that your employees can only wear only jeans sold at Nordstrom, when you’ve been outfitting much of them in jeans from Wal-Mart. As compensation is likely one of the largest line items in your budget, significantly upping the price of your lowest paid employees is a daunting task that many do not feel they can afford. Much like businesses, cities differ greatly in their ability to handle a significant increase in minimum wage.