Annual employee performance appraisals can be an arduous task when considering employee attitude and the clarity of communication between the employer & the employee.
The days of asking a candidate “What is your current / last salary” seem to be ending. Currently in 14 states, salary history bans have been enacted.
Strategic employee compensation is an essential ingredient of success for any organization. Both how we compensate staff members for their hard work and express gratitude for that hard work are crucially important for two core reasons:
Compensation strategies set the tone for employee/employer relationships.
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.
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.
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.
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.