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Compensation

Are Salary Surveys Beneficial?

Are Salary Surveys Beneficial?

February 5, 2019 by Cassandra Carver Leave a Comment

Accurate, relevant, and timely wage survey results help tremendously when effectively benchmarking your organization’s compensation structure. For many organizations, the task of participating in (or even sponsoring) a salary survey is tedious, and often time consuming.

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Filed Under: Communication, Compensation, General, HR Strategy

Top 7 Compensation Consulting Firms for Any Sector

Top 7 Compensation Consulting Firms for Any Sector

January 28, 2019 by Cassandra Carver 1 Comment

As any organization, for-profit or nonprofit, begins to scale up its operations, it’s bound to experience a few growing pains. This period in an organization’s growth is particularly important, as habits and processes established now tend to become baked into the culture rather quickly.

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Filed Under: Compensation

Good Reasons to Share Compensation Information with Employees

Good Reasons to Share Compensation Information with Employees

October 30, 2018 by Cassandra Carver Leave a Comment

One of Astron Solutions’ popular consulting services is administering employee surveys. As we read through the many anonymous responses, we tend to see similar answers when it comes to the question of compensation, including:

 

“My pay is too low,”
“I do more than others in my department but make the same salary,” and
“I could work at (insert name of rival organization here) and make more money.”

This tells us, as compensation specialists, that employees are often in the dark when it comes to why they make their specific salaries, and what the term “compensation” fully means.

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Filed Under: Communication, Compensation Tagged With: Compensation Information, Sharing Compensation

Signing Bonuses: A Useful Talent Acquisition Tool in Today’s Labor Market?

Signing Bonuses: A Useful Talent Acquisition Tool in Today’s Labor Market?

October 2, 2018 by Cassandra Carver Leave a Comment

A 2016 WorldatWork survey found that 76% of employers were using signing bonuses to attract key employees. Signing bonuses are described as “a lump sum of money that an employer provides to a prospective employee.

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Filed Under: Compensation, Recruitment, Talent Tagged With: HR Recruitment, Signing Bonuses, Talent Acquisition, Talent Recruitment

Astron’s Yearly Compensation Review Part III:  Non-Profit Executive Compensation Planning for 2019

Astron’s Yearly Compensation Review Part III: Non-Profit Executive Compensation Planning for 2019

September 18, 2018 by Cassandra Carver Leave a Comment

This Astronology® , the third in our three-part series, examines non-profit executive compensation. In considering non-profit executive compensation, employers and Board have two primary legal concerns.

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Filed Under: Communication, Compensation, Employee Retention, General, Legislation Tagged With: Bonus, HR Compensation, Incentives, Tax Cuts and Jobs Acts of 2018

Astron’s Yearly Compensation Review Part II: Incentives, Bonuses, and Variable Compensation – Oh Boy!

Astron’s Yearly Compensation Review Part II: Incentives, Bonuses, and Variable Compensation – Oh Boy!

September 4, 2018 by Cassandra Carver Leave a Comment

As Astron’s clients begin their 2019 compensation program budgeting, we are often asked whether or not the practice of providing variable compensation will grow, shrink, or remain about the same as in 2018.

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Filed Under: Compensation, General, Incentive Pay Plans Tagged With: all employee, Bonus, Bonuses, Empsight, Gamification, Incentives, mission critical, Not-for-Profit, SHRM, Variable Compensation, WillisTowersWatson, WorldatWork

Astron’s Yearly Compensation Review Part I: Base Pay Projections

Astron’s Yearly Compensation Review Part I: Base Pay Projections

August 21, 2018 by Cassandra Carver 2 Comments

It’s that time of year again! Organizations are planning their salary increase budgets for the coming year. That process isn’t as simple as it looks, however.

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Filed Under: Compensation, Employee Retention, HR Strategy Tagged With: 2019 Minimum Wage Adjustments, 2019 Salary Budget Data, Compensation Forecast, Employment Cost Index, HR Base Pay, HR Compensation, Human Resources Compensation, Salary Budget Survey

The Great Executive Pay Debate

The Great Executive Pay Debate

July 10, 2018 by Cassandra Carver Leave a Comment

In the 1970s, management theorist Peter Drucker suggested that top executive compensation should be 20 times the amount of the average worker’s pay.

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Filed Under: Compensation, Employee Retention Tagged With: Executive Compensation, Executive Pay, HR Compensation, Human Resources

Custom Survey Dos and Don’ts

Custom Survey Dos and Don’ts

June 26, 2018 by Cassandra Carver Leave a Comment

In today’s job market it is critical to know how much to pay employees while staying competitive with industry and geographic peers.

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Filed Under: Compensation, Employee Retention, General, HR Strategy Tagged With: Custom Salary Surveys, Custom Surveys, HR Surveys, Sherman Anit-Trust Act

Pay Equity in the Workplace: Do Gender Based Disparities Still Exist?

Pay Equity in the Workplace: Do Gender Based Disparities Still Exist?

March 6, 2018 by Cassandra Carver Leave a Comment

 

The American Association of University Women released its Fall 2017 Gender Pay Gap report/guide with statistics regarding the pay disparity between women and men.

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Filed Under: Compensation, Employee Relations, General Tagged With: Equal Pay, Fair Pay, Pay parity

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