The Golden Ratio for Choosing Compensation Software
This is our first entry in a four-piece series entitled Rethinking Compensation’s Role in the HR Suite. This article is about the Golden Ratio of Compensation and why organizations should consider it when shopping for an HR software suite.
Why Compensation Professionals Still Love Excel
Why Compensation Professionals Still Love Excel by David Creelman It’s popular and easy to criticize Excel. Spreadsheets are prone to human errors, labor intensive, and difficult to use...
How to Deal with Wage Inflation in an Unstable Environment
How to deal with wage inflation in an unstable environment By David Creelman Many organizations are finding it challenging to hire the workers they need in today’s inflationary economy. This puts...
Equity or Fairness?
This is an article in an ongoing series by David Creelman about redesigning compensation planning to acquire and retain top performers. You can catch up on our previous discussions by clicking...
How Compensation Managers Should Approach Automation
This is an article in an ongoing series by David Creelman about redesigning compensation planning to acquire and retain top performers. This week's article is about compensation automation. You can...
A Risk Management View of Incentive Plans
This is the sixth article in an ongoing series by David Creelman about redesigning compensation planning to acquire and retain top performers. This week's article is about risk management in...
Does Your Salary Adjustment Letter Look Like a Lawyer Wrote It?
This is the fifth article in an ongoing series by David Creelman about redesigning compensation planning to acquire and retain top performers. This week's article is about salary adjustment letters....
The Truth About Paying Remote Workers
This is the fourth article in an ongoing series by David Creelman about redesigning compensation planning to acquire and retain top performers. This week's article is about paying remote workers. To...
How Inflation Can Make Compensation Planning Easier
This is the third article in an ongoing series by David Creelman about redesigning compensation planning to acquire and retain top performers. This week's article is about inflation and compensation...
Among Ongoing RTO Fights, Commuter Benefits Become Increasingly Popular
COMP NEWS - Companies who dole out commuter benefits have an easier time acquiring and retaining talent, according to a new survey of HR professionals. Most of the more than 400 HR professionals surveyed by transit benefit vendor Jawnt said that their companies...
The Great Detachment Is Coming, Say Experts — Especially for Gen Z
COMP NEWS - The Great Detachment is coming, say experts, and it's going to strike employers through Gen Z workers. The world's workforce is disengaged, and the "Great Detachment" is looming. According to experts, employees across all industries are increasingly...
CEO-Worker Pay Gap Has Narrowed Ever So Slightly Down to 268:1
COMP NEWS - The CEO-worker pay gap has narrowed down from a chasm of 324:1 to a slightly smaller chasm of 268:1. Aug 14 (Reuters) - (The opinions expressed here are those of the author, Ross Kerber, a columnist for Reuters.) The gap between the pay of CEOs and their...
US Women Aren’t Projected to Reach Full Pay Equity Until 2048
COMP NEWS - Women in the U.S. aren't projected to reach full pay equity with men for another 24 years, according to a new study on closing the gender pay gap. Despite progress in closing the gender pay gap, U.S. women still earn about 15% less than men on average, and...
Maine Employers Can Be Compelled to Pay Workers Damages for Missed Wages
COMP NEWS - Maine workers can now receive damages for unpaid wages thanks to a new law. PORTLAND, Maine (AP) — Maine workers will now benefit from a law that allows the state to order businesses to pay back wages as well as damages from missed wages. The law...
New South Wales’ Biggest Employer Is Ordering Staff Back to the Office
COMP NEWS - The New South Wales' government is cracking down on a return-to-office mandate, forcing most of its 400,000 staff to return to the office. The NSW government has issued a new directive for government sector staff to work mostly from the office, reversing...
Employers Plan 3.5% Raises For 2025, Payscale Data Reveals
COMP NEWS - U.S. employers are projected to give raises of around 3.5% next year, showing slightly lower growth in most sectors. U.S. employers are planning for 3.5% raises in 2025, according to Payscale’s most recent salary budget survey. The anticipated...
Ditching Copywriters to Save on Comp Costs? Think Again. AI is a Sales Killer, Says New Study
COMP NEWS - New research on companies that have turned to AI to write their sales copy reveals an uncomfortable truth - AI is a sales killer, and saving comp costs on copywriter cuts doesn't save money in the long run. Research shows that name-dropping AI in marketing...
What Do Olympians Earn for Winning Medals? Not enough.
COMP NEWS - Olympians are having trouble paying their bills - and are turning to celebrities and crowdfunding to meet their needs. If the Summer Olympics have you feeling patriotic, there’s an easy way to show your support for America’s athletes: give them money....
GM Introducing 150% Merit Bonuses to Top Performers
COMP NEWS - General Motors (GM) is giving its top performers a 150% merit bonus to its top performers. General Motors (GM) is revising its employee performance ranking system that will grant top performers with 150% bonuses, according to reports. GM's new...
Paycheck Growth Slowed This Spring, Signalling Cooling Inflation
COMP NEWS - Worker pay has risen more slowly over the past three months, signalling that inflation may be cooling even more. WASHINGTON (AP) — Pay and benefits for America’s workers grew more slowly in the April-June quarter than in the first three months of the year,...
Microsoft Doling Out One-Time Employee Cash Bonus on Top of Annual Bonuses
COMP NEWS - Microsoft announced that it will be giving its employees a one-time cash bonus in addition to expected annual bonuses this year. Microsoft told employees Tuesday that it will provide them with a special one-time cash award amounting to an additional 10% to...
Federal Judge Upholds FTC Ban on Noncompete Agreements
COMP NEWS - A federal judge has rejected a company's attempt to challenge the Federal Trade Commission's (FTC) ban on noncompete agreements that was issued in April. This means that noncompetes will be effectively outlawed come this September. A federal judge has...
CrowdStrike Caused a Global Tech Outage Last Week. They’re Saying Sorry With a $10 Uber Eats Voucher.
COMP NEWS - A CrowdStrike bug upended the world last week when it brought computers around the world to a screeching halt. Now, CrowdStrike is offering an apology - compensation in the form of a $10 Uber Eats coupon. A single CrowdStrike bug sent the entire tech world...
