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...
DOL’s Overtime Rule Kicks Into Affect, Even Among Court Uncertainty
COMP NEWS - The Department of Labor's long-awaited overtime ruling, which specifies precise guidelines, is moving forward despite potential legal challenges following the Supreme Court's bombshell dismantling of the Chevron Doctrine. Two federal court rulings in Texas...
CEOs Look Towards Borderless Talent as the Future of Tech Work
COMP NEWS - Borderless talent - and the super-remote jobs they fill - are becoming increasingly popular, according to some CEOs. To work remotely or not is no longer the question. Experts say it’s borderless hiring for technology roles that is stealing the...
IKEA US Lowers Prices and Provides Employee Bonuses
COMP NEWS - IKEA has announced more than $50 million in bonuses for employees in an attempt to attract and retain talent. IKEA US has announced a $54.5m bonus payout to employees and reduced prices on hundreds of its products. The company said the price cuts and...
Construction Industry Anticipates Longer Projects Due to Worker Shortages
COMP NEWS - The construction industry is struggling with a severe labor shortage, with a recent survey showing that more than half of companies are struggling to find workers. LITTLE ROCK, Ark. — In a recent Associated Builders and Contractors (ABC) survey, 58% of...
Patagonia Gives Remote Workers Three Days to Choose: Return to Office or Lose Their Jobs
COMP NEWS - Patagonia, the outdoor clothing company once famous for letting its employees leave work early to surf, has given its remote workers three days to choose whether to return to office work or lose their jobs. Patagonia asked 90 remote workers to either move...
97% of Salaries Have Lagged Behind Inflation Over the Last Five Years.
COMP NEWS - Americans' purchasing power has dwindled over the last five years, with inflation and skyrocketing costs of living being two of the biggest factors. The last three years have seen an average annual inflation of 5.6%, the highest three year average...
Employers Are Planning to Raise Wages and Pursue Salary Transparency in 2024
COMP NEWS - Employers are committed to pursuing salary transparency in 2024, and many are also planning to raise wages. Compensation continues to be one of the most important aspects of any successful workplace, and emerging trends around pay transparency and salary...
Three in Ten Companies Advertise Fake Job Listings
COMP NEWS - A shocking survey reveals that nearly one-third of companies advertise job openings for positions that don't exist. That job you applied for might be a mirage. Companies often post bogus roles to ease employees' concerns about being overworked and...
Survey: Pay Structures are Shifting Towards Equity, Transparency Models
COMP NEWS - A survey of nearly 6,000 compensation professionals has shown that organizations are shifting their pay structures to meet new equity and transparency laws, though not all are happy about the changes. Traditional pay grades remained the most common form of...
Dell Called It’s US Workers Back to Office. Half Of Them Said No.
COMP NEWS - Following the slew of companies recalling workers back to offices, Dell has mandated its employees to do the same. Those that don't will sacrifice raises and promotions. But internal data shows defiance among workers - with 50% of them refusing to return...
Tesla Shareholders Approve $46 billion Pay Package for CEO Elon Musk
COMP NEWS - Tesla Shareholders have approved an earth-shattering $46 billion pay package for controversial CEO Elon Musk. In the history of U.S. corporate pay packages, there have been plenty of massive payouts worth almost $1 billion in today's dollars. But none...
Thanks to ChatGPT, The Job Market Is Gloomy For Online Digital Freelancers
COMP NEWS - The advent of AI has driven down demand for freelancers in creative and technical roles by more than 20%, according to a new co-authored report. Many employees, especially those working in creative fields, are understandably worried by the prospect of AI...
Nearly 8 percent of Senate Aides Make Less Than a Living Wage
COMP NEWS - A recent report on congressional staff pay has found that 8% of staffers earn less than a living wage. Working for Congress is a lot of things: exciting at times, boring during others; sometimes honorable, sometimes less so; equal parts an ego trip and ego...
Study Finds That One-Fourth of Bosses Wanted RTO to Make Employees Quit
COMP NEWS - A new study reveals that RTO policies aren't just making workers unhappy - it's making many of them quit. More shockingly, it seems that many RTO policies were designed with just those intentions. A study claims to have proof of what some have suspected:...
