The compensation data landscape

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What’s the difference between having salary data and the right salary data? Millions of dollars shaved off your compensation budget. Keeping top talent. And a happier and more productive workforce.

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August 27, 2010

Writing an Employee Termination Letter

<h1 class="subhead">Writing an Employee Termination Letter: How Much to Include? Q&A</h1> Find out the pros and cons of putting your termination reasons in a written employee termination letter. Q: We want to provide employees who are terminated with a brief employee termination letter explaining our reasoning and informing them about administrative issues like COBRA and returning office keys. How much detail should be included about the reason for termination?

August 5, 2009

Non-Monetary Compensation

<h1 class="subhead"><a href="http://blogs.payscale.com/compensation/2009/08/non-monetary-compensation.html" style="float: left"><img alt="Non-Monetary Compensation" border="0" class="at-xid-6a00d8341bf85853ef0120a547dc8b970c " src="http://www.payscale.com/content/blog/images/a6a00d8341bf85853ef0120a547dc8b970c-800wi.png" style="margin: 0px 5px 5px 0px" title="Non-Monetary Compensation" /></a> Non-Monetary Compensation and the Essentials of Developing a Total Compensation Policy</h1>They say cash is king, but in today’s economy employees know that there is more to the story than cash alone. Today’s job seekers and your employees have become more savvy about non-monetary compensation. And there is a good reason they are paying attention to it. Good health insurance and a generous retirement plan benefits are becoming more and more elusive. Employers who offer these non-cash rewards stand out among their peers.

July 10, 2015

How to Create a Merit Matrix in 5 Steps

<img src="http://www.payscale.com/cms-images/default-source/Blogs/blogheader7_22.jpg?sfvrsn=0" title="BlogHeader7_22">By Jenni Marquez, CCP, PayScale Compensation ProfessionalMost companies today are actively working to develop a pay-for-performance culture. As an HR Professional, how can you position yourself as a strategic partner to your executive team and help them achieve this goal? One way is through use of a merit matrix.

November 5, 2013

The dangers of paying employees more than they’re worth

<img width="610" height="175" src="http://www.payscale.com/cms-images/default-source/b2b/header_howmuchpayistoomuch.jpg" alt="header_HowMuchPayIsTooMuch"><a href="https://plus.google.com/115301125688955669806? rel=author" style="line-height: 1.5; font-size: 13px;">Crystal Spraggins,</a> SPHRBelieve it or not, it’s entirely possible to pay employees too much money. Even in this economy, it happens. It happens when employee performance consistently fails to meet expectation yet raises continue; when employees stay in entry- to mid-level positions too long; when employees reach their level of incompetence (i.e., <a href="http://en.wikipedia.org/wiki/Peter_Principle">The Peter Principle</a>) yet aren’t developed or moved along; and when employees are paid too much to begin with, as a result of a weak or nonexistent wage administration policy.

August 8, 2015

How to Negotiate a Compensation Package for a New Hire

<img width="610" height="175" src="http://www.payscale.com/cms-images/default-source/Blogs/blogheader7_29.jpg?Status=Temp&sfvrsn=2" alt="BlogHeader7_29" /><a href="http://www.hr-writer.com/" title=" target=" rel="noopener">Tess C. Taylor, PHR, SHRM-CP, PayScale Senior Blogger</a>Hiring great people starts with offering them a competitive work culture and compensation package. PayScale’s <a href="https://resources.payscale.com/hr-2015-compensation-practices-report.html?_ga=1.85339417.1064815136.1433958129" title=" class=" target=" rel="noopener">2015 Compensation Best Practices Report</a> revealed that a top concern for companies is attracting and retaining the best talent. However, the way any human resource manager handles compensation negotiations must be carefully balanced with other factors.

March 31, 2014

Seven signs your compensation strategy needs a do-over

<img width="610" height="175" src="http://www.payscale.com/cms-images/default-source/b2b/header_hr_strategy_doover.png" alt="header_HR_Strategy_DoOver"><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>Perhaps no area of human resources is as uncomfortable to talk about as the annual compensation update with the executive team. It seems as if every HR manager is tasked with proving that an improved compensation offering is good for business.