Coronavirus. COVID-19. These two words have been increasingly on our minds and in conversations daily. At this point, most of the world has been affected by the current coronavirus strain, COVID-19.
Compensation
Astronology®: 2020 Compensation Budgeting Forecast Part 3:Trends in Not-for-Profit Executive Compensation
2019 has seen more activity by not-for-profit Boards than in past years. Increased concerns regarding the apparent high level of executive total compensation relative to the mission of the not-for-profit, as well as greater publication of not-for-profit executive compensation levels, have put pressure on Boards and their compensation committees.
Astronology®: 2020 Compensation Budgeting Forecast Part 2: Incentives, Bonuses, and Variable Compensation
The design and implementation of variable compensation programs continue to grow throughout 2019 and it appears that this trend will continue into 2020.
Astronology®: 2020 Compensation Budgeting Forecast Part 1: Base Pay Adjustments
As we move past Labor Day, Astron Solutions is getting more and more requests for information regarding 2020 compensation budgeting. This is part one of a three-part review of 2020 compensation planning projections.
Astronology®: HR-Related Finance Terms Made Simple
Human Resources may at times find itself at odds with Finance when seeking approval for proposals. While both groups, hopefully, have the organization’s best interests in mind, different approaches and terminologies underscore the differences that often exist between these two departments.
Effective Performance Appraisal Processes
Annual employee performance appraisals can be an arduous task when considering employee attitude and the clarity of communication between the employer & the employee.
Hiring a Compensation Consultant: 7 Steps for Nonprofits
Your nonprofit organization might find that it needs some outside guidance around compensation for any number of reasons. Lowering turnover, strengthening your recruitment strategies, and conducting custom sector surveys are all common reasons for nonprofits to hire a compensation consultant.
Salary History in 2019
The days of asking a candidate “What is your current / last salary” seem to be ending. Currently in 14 states, salary history bans have been enacted.
Nonprofit Employee Compensation: Understanding the Essentials
Strategic employee compensation is an essential ingredient of success for any organization. Both how we compensate staff members for their hard work and express gratitude for that hard work are crucially important for two core reasons:
Compensation strategies set the tone for employee/employer relationships.
Are Salary Surveys Beneficial?
Accurate, relevant, and timely wage survey results help tremendously when effectively benchmarking your organization’s compensation structure. For many organizations, the task of participating in (or even sponsoring) a salary survey is tedious, and often time consuming.
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