The final feature in our Astronology® six part series is here! In this issue of Astronology®, we will discuss variable pay.
Compensation Programs and Practices 2012, conducted by WorldatWork, found that 80 percent of organizations relay pay information to their employees via brief written or oral communications.
Continuing our series of compensation topics, this week’s Astronology will review the basics of Pay for Performance programs. About 71% of organizations have a formal employee performance appraisal system.
An important part of compensation administration is the salary structure. According to Compensation Programs and Practices 2015, 87 percent of organizations have a formal salary structure in place.
The importance of job evaluation is simple. In order to create a competitive yet equitable compensation system, organizations need clear job classifications.
The compensation philosophy is the foundation for all compensation decisions an organization makes. Developing a compensation philosophy, however, is not always an easy task.
The quick answer to this question is yes. Technology has changed the way we train our employees in many ways. In addition, thanks to technology we have new ways to communicate updated information in regards to employee performance and work procedures.
Teamwork is unavoidable. While many people enjoy the collective experience of accomplishing goals as a team, there are many who find this facet of work challenging.
Does the treatment you receive from your co-workers affect your productivity? According to one Forbes article, 48% of poorly treated employees have at one time intentionally decreased their productivity due to ill treatment.
Whistle blowing. While some may view it as “snitching,” others may view it as an action of bravery and stemming from a dedication to ethics.