by Cassandra Faurote | Aug 17, 2018 | Budgets, Compensation, Merit Pay, Salary
Employee retention is essential to workforce stability and prudent compensation management regardless of labor market conditions. But when the labor market is tight in a robust economy – when employees are more likely to look for better paying or more satisfying...
by Cassandra Faurote | Apr 23, 2017 | Base Pay, Budgets, Compensation, Merit Pay, Salary
Compensation budgeting is often misunderstood, underemphasized and oversimplified. Many employers tend to factor in only an employee’s annual salary and benefits when considering personnel costs. But this shortsighted approach can lead to a budget shortfall and...
by Cassandra Faurote | Nov 16, 2016 | Benefits, Budgets, Press Releases, Services, Turnover
This article first appeared in Inside INdiana Business’ “Perspectives” Benjamin Franklin once wrote that nothing is certain “except death and taxes.” For modern-day corporate employers, however, compliance with the Fair Labor Standards...
by Bob Chenoweth | Apr 11, 2015 | Budgets
When it’s time to plan your company’s compensation budget, there are a variety of key factors to consider. Basing your compensation budget on merit is one obvious consideration. But if your compensation budget is based almost solely on merit, you could be...
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