At Astronology® we like to explore all angles of a situation. In the past we’ve written articles on compensation related topics like green circle rates (employees paid below the minimum of the pay range) and red circle rates (employees paid above the maximum of the pay range).
The compensation philosophy is the foundation for all compensation decisions an organization makes. Developing a compensation philosophy, however, is not always an easy task.
You’re an organization who’s just re-evaluated the pay ranges of your employees in light of current market findings, and you’ve made all the relevant changes.
It’s that time of year again. Your organization is conducting performance reviews. There’s general mayhem as both your highest- and lowest-performing employees scramble to finish the most work possible in order to attain the highest rating and to get that elusive increase in pay.