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Category Archives: Compensation
20 Common HR Metrics & Their Formulas
How often does your HR department measure its effectiveness? HR metrics and measurements can be powerful in showing us areas where we could improve and better meet the needs of our organization and its employees. They can also help provide … Continue reading
Answers to 5 Common Questions about 2010-2011 Compensation
Your boss approaches you and asks what you are planning for in terms of salary administration in 2011. You’re responsible for maintaining competitive pay rates, rewarding your best people, but also meeting your organization’s budget limits and managing your employees’ … Continue reading
A 4 Step Guide to 2011 Salary Budgeting
It’s time for 2011 salary budgeting and surveys say that increases are being planned by many organizations for the upcoming year. So how much should you plan to provide? Should you pay top performers more than the average increase? How … Continue reading
3 Questions to Ask Your Top Performers
What would your top performers say about your workplace? What would they say about its strengths, its weaknesses, what makes them stay, and what makes them think about leaving? How would they describe the ways in which your organization has … Continue reading
4 Strategies for Boosting Pay Satisfaction
Perhaps complaints are looming in your organization regarding base pay, cost of living adjustments, or merit increases. We’ve all experienced these common pay complaints and possibly more often as of lately as pay satisfaction is a key issue this year … Continue reading
Posted in Communication, Compensation, General HR
Tagged base pay, Compensation, cost of living, pay satisfaction
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Compensation Practices: Signals of Your Organization’s Climate & Culture
Organizations may fail to consider the impact of their compensation practices on their employees’ perceptions of organizational climate and culture. In light of recent research suggesting that compensation practices employed by organizations last year in response to the economy have … Continue reading
20 Practices That Distinguish the Best Places to Work
What does it take to be one of the best places to work for top talent? This is a common question that many employers ask ERC as they seek to develop workplaces that attract, retain, motivate and engage top performers. … Continue reading
Beyond the Holiday Party: Gestures of Employee Appreciation This Holiday Season
The gesture of a holiday party is usually the primary way employers show appreciation and thanks to employees around this time of year, but recent studies, including one conducted by ERC (09 Holidays & Festivities Survey) show that some employers … Continue reading
Posted in Benefits & Leave, Compensation
Tagged benefits, employee appreciation, holiday party
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Tax Day Tips for HR Professionals
April 15th is commonly known as Tax Day, or the last day that tax returns can be mailed to avoid penalties. While taxes might be the last thing that many HR professionals are thinking about, this time of year is as good … Continue reading
Posted in Compensation
Tagged Compensation, Federal Minimum Wage, FLSA, Making Work Pay, Tax Credit
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Be Happy, Give Away Your Bonus
Our friends at the Harvard Business Review recently published an interesting article about the different ways employees spend their bonuses and how their decisions affect morale. Their research shows that employees who give away at least a portion of their … Continue reading
