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Determining salary range widths by profession: How to do it

<h1 class="subhead"><a href="http://blogs.payscale.com/compensation/2009/04/determining-salary-range-widths-by-profession.html" style="float: left"><img alt="Pay grades" border="0" class="at-xid-6a00d8341bf85853ef01156f17b14e970c " src="http://www.payscale.com/content/blog/images/a6a00d8341bf85853ef01156f17b14e970c-800wi.png" style="margin: 0px 5px 5px 0px" title="Pay grades" /></a> Determining Salary Range by Profession</h1> <p>In a previous blog post we talked about the first few steps of establishing a formal compensation plan. Today’s post will be a continuation of that process. We’ll talk about how you can build your company’s salary ranges from market data.</p>

How to Write a Job Description

Creating a Merit Matrix

<h1 class="subhead">How to Create a Merit Matrix</h1> <p>When is it time for your organization to allot its merit budget, how do you best support the decision makers? Consider creating a merit matrix. A merit matrix is a great tool that can easily summarize and boil down paragraphs of policy into a simple, quick-to-view and quick-to-use visual to produce better decisions.</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.

Bonuses Remain the Top Priority for Raising Compensation

<img width="610" height="175" src="http://www.payscale.com/cms-images/default-source/Blogs/blogheader7_27.jpg?Status=Temp&amp;sfvrsn=2" alt="BlogHeader7_27" /><a href="http://www.hr-writer.com/" title=" target=" rel="noopener">Tess C. Taylor, PHR, SHRM-CP, PayScale Senior Blogger</a><div><br></div>Recently, I wrote about the sluggish state of the US economy and its <a href="https://www.payscale.com/compensation-trends/will-compensation-remain-stagnant-or-grow-for-2015-" title=" class=" target=" rel="noopener">impact on wages</a> for the third quarter of 2015. But, I neglected to mention one thing. While companies may not be raising salaries as progressively as desired, they are turning to other means to increase the compensation for their most-deserving employees by offering bonuses.

Is pay for performance the best form of compensation?