Quick Guide: Perspectives from Comp Pros Tackling Transparency Legislation

Comp Basic: Mean vs. Median

<h1 class="subhead">The Difference Between Mean and Median</h1> <p>Midpoint, market ratio, mean, median, merit bonus - I don’t know what it is with “m” words in compensation, but there are a lot of them and it can get confusing. Let’s try to simplify things by breaking down the difference between two commonly confused words: mean and median.</p>

What is a compensation philosophy? How to write one

A compensation philosophy provides overall direction for how you intend to use your compensation budget. It answers how you will prioritize your compensation spend, based on a set of principles and values that are important to your business. In other words, your compensation philosophy serves as a mission statement for your compensation plan.

Is your base pay falling short?

<img src="http://www.payscale.com/cms-images/default-source/b2b/blogheader10_6.jpg" alt="Base pay falling short image" title="BlogHeader10_6"><p><a href="https://plus.google.com/102099066436032147105? rel=author">Jessica Miller-Merrell,</a>&nbsp;blogging4jobs </p><p>When candidates apply for a job they generally dread seeing the three-letter acronym for pay on job requisitions, TBD. Employers, on the other hand, love being able to put this acronym because it creates a flexible environment where they can offer base pay based on experience alone if they’re not able to find the specific candidate they’re looking for. It’s clear that employers and employees think differently when it comes to offering any type of base pay. </p>

Workplace Behavior Ethics

<h1 class="subhead">How to Promote Positive Ethics in the Workplace</h1><br />Ethics is a fundamental business term because it can and does apply to all workplaces. Regardless of the organizational function, employees who fail to maintain an ethical standard in their workplace can raise the possibility of not only organizational corruption but also legal liabilities. In any role, it is vital that employees conduct themselves in accordance with both workplace policies, as well as applicable state and federal laws. The fallout of ethics failures can be seen daily on the news, i.e. Enron, and those colossal failures remind us that the collapse of workplace behavior ethics has the potential to damage and even destroy organizations.

Is your holiday party a potential budget buster?

<img src="http://www.payscale.com/cms-images/default-source/b2b/blogheader11_18.jpg" alt="Holiday parties image" title="BlogHeader11_18"><p><a target="_blank" rel="author noopener" href="https://www.payscale.com/author/tess-c-taylor-phr-the-hr-writer">Tess C. Taylor, PHR, The HR Writer </a></p><p>As this year’s holiday season kicks off, celebrations are on the minds of practically every employee. </p> <p>And most likely the cost of those celebrations is on the minds of employers committed to maintaining employee engagement without going overboard on the budget. Along with seasonal recruitment efforts, much of the number crunching this time of year revolves around holiday parties and year-end bonuses and salary increases—all good incentives to ensure your top employees don’t become the ghosts of the past. </p>

Cost-Effective Employee Training Methods