Comp quick guide: Responding to employee reactions to pay transparency

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September 10, 2015

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&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.

March 11, 2015

Using nontraditional incentives to motivate your employees

<p><a href="https://plus.google.com/102099066436032147105? rel=author"></a><img title="BlogHeader3_5" src="http://www.payscale.com/cms-images/default-source/b2b/blogheader3_5.png?sfvrsn=0"> </p><p><a href="https://plus.google.com/102099066436032147105? rel=author">Jessica Miller-Merrell,</a> blogging4jobs </p>Without question, cash is the most common (and many would argue the most important) form of compensation. Each year, most employees look forward to increasing their income. The general thought is that after 12 months of good work, an employee is entitled to a raise. This raise is expected to reflect the value the company places on the individual receiving it—or something like that.

April 28, 2011

Advantages and Disadvantages of Broadbanding

<h1 class="subhead">The Advantages and Disadvantages of Broadbanding</h1> <p>Broadbanding is the term applied to having extremely wide salary bands, much more encompassing than with traditional salary structures. Whereas a typical salary band has a 40 percent difference in pay between its minimum and maximum, broadbanding would typically have a 100 percent difference. Most of the time, creating enormously large bands is done as a measure to support a restructuring. It combines and consolidates the number of levels or job grades. This article will discuss the advantages of broadbanding in an overall compensation strategy, as well as the disadvantages.</p>

June 2, 2011

Executive Bonus Planning: An Overview of Short-Term Incentives

<h1 class="subhead">Executive Bonus Planning: An Overview of Short-Term Incentives</h1> <p>By Bridget Quigg,<a href="https://www.payscale.com/pro" target="_self" rel="noopener"> PayScale.com</a><br /><br /> Executive pay planning can be an intimidating process, even for seasoned HR professionals. In the upcoming series of posts on the topic, we hope to enlighten you on the basics of executive pay, as well as get into the details on topics like restricted stock grants and deferred compensation. We’ll start with this up-close look at short-term incentives, or a bonus plan.</p>

November 17, 2011

Holiday Pay for Employees

<h1 class="subhead">Answers to 7 Holiday Pay Questions</h1> <p><a style="float: left;" href="https://www.payscale.com/content/blog/images/a6a00d8341bf85853ef015393820c47970b-pi.png"><img class="asset asset-image at-xid-6a00d8341bf85853ef015393820c47970b" style="width: 100px; margin: 0px 5px 5px 0px;" title="6394869841_b9d954ef90_b" src="http://www.payscale.com/content/blog/images/a6a00d8341bf85853ef015393820c47970b-100wi.png" alt="6394869841_b9d954ef90_b" /></a>Do you have to provide paid holidays? What about for new employees? And do you have to pay overtime to employees who have to work a holiday? We’re officially heading into the holiday season with Thanksgiving coming up next week and Christmas and the New Year just around the corner. If you are like most employers, you may be dealing with holiday pay issues. To help you out, here are the answers to seven common holiday pay questions.</p> <p>

September 8, 2014

The top 4 problems with pay for performance

<img src="http://www.payscale.com/cms-images/default-source/b2b/blogheader9_4.jpg?sfvrsn=4" alt="Pay for performance image" title="BlogHeader9_4"><p> <a href="https://plus.google.com/115301125688955669806? rel=author">Crystal Spraggins,</a> SPHR </p><p>Pay for performance or <a href="http://www.businessdictionary.com/definition/performance-related-pay.html">performance-related pay</a>, as it’s also called, is a relatively simple concept. Under a performance-related pay philosophy, employees are offered financial incentive for meeting certain predetermined and quantifiable goals. </p>