Confidence is one of the most underrated skills in Human Resources. HR professionals are expected to navigate sensitive conversations, balance competing priorities, and advise leaders on decisions that directly affect people’s livelihoods. Yet one area that consistently undermines that confidence even among experienced practitioners is none other than compensation. For many people working in human… Read on…
The U.S. Mint has announced the end of the penny – a decision grounded in cost-efficiency and changing relevance. At nearly four cents to mint a one-cent coin, the math just doesn’t add up anymore. Sound familiar? In the world of HR and compensation, we’re often faced with legacy practices that cost more than they’re… Read on…
As we approach 2025, it is becoming increasingly clear that employee benefits aren’t what they used to be. Going beyond the usual offerings like health insurance and retirement plans, employees today value a more holistic approach – one that addresses their physical, mental, financial, and social well-being as necessary needs for success. Employers who understand… Read on…
Have you ever heard someone say that compensation is dry or difficult to grasp? Well here at the Compensation & HR Group, we say that’s crazy talk! Whether you’re an HR professional, a compensation analyst, or simply interested in learning more about the world of pay, there are many resources out there that take a… Read on…
The relationship between inflation and compensation is a strong link that greatly impacts every organization. HR professionals have the important responsibility of assisting teams through challenging economic times to ensure that compensation remains competitive. So, how exactly does inflation affect compensation, and how should HR respond? Understanding the Connection: Simply put, inflation refers to the… Read on…
In the era before working remotely was popular, paying workers based on their location was a relatively simple and rarely-contested issue. Adjust employee salaries while taking into account what’s necessary to pay expenses in the area where they live – easy, right? Well now in the age of COVID-19, we’re beginning to learn that things… Read on…
Vaccine mandates in the workplace have been a hot topic for quite some time now, and the recent news that the Pfizer vaccine has been approved by the FDA (with Moderna expected to follow) has added a new level of perspective to the conversation. While many companies have already started requiring vaccines for their employees,… Read on…
I read a study a few years back that alerted the world to something everyone already knew: Sales employees are more motivated by compensation than all other employees. Knock me over with a feather, that’s a shock! Of course, there are other factors that motivate a company’s sales force, but let’s be honest: money drives… Read on…
I’m not your boss. I’m not even your coworker or your employee. Right now, I’m your job promotion fairy, and if you’re an HR professional, I hereby grant you a promotion. You are now the CFO of Labor Cost. Congratulations, you’ve earned it. Since salaries are the largest cost item in most organizations, it’s extremely… Read on…
While most organizations use some form of job evaluation to determine the worth of jobs, there are many factors to consider when valuing work. There are internal factors such as being fair and consistent with how employees are compensated. Therefore, organizations typically use the following techniques to measure a job’s value: Perform a job analysis to… Read on…