Your compensation strategy affects how well your organization is able to recruit and retain top talent, but your strategy doesn’t play out in a vacuum.
Imagine your star employee comes to you with an ultimatum: “Raise my salary by the end of the quarter, or I’ll take a job with higher pay.”
In the spirit of compromising, your organization does everything it can to improve the employee’s experience, hoping extra recognition or culture-building will entice them to stick around.
Challenges surrounding the fight against pay inequity – as well as the current, changing economy itself -have resulted in an intense war for talent.
There’s been a lot of buzz lately around the topic of pay transparency as more and more states across the U.S.
As compensation experts, here at Astron Solutions we recognize the importance of using the Total Rewards approach to employee compensation.
Nonprofits can face many compensation-related challenges. For instance, you might be struggling to attract and retain top talent for your organization.
Did you grow up hearing that it was “tacky” to talk about money?
If you did, you’re not alone. Money is an off-limits topic for many Americans.
Entering 2023, HR leaders are finding themselves battling economic uncertainty like never before. Rising inflation rates have affected every industry. As of December 13, 2022, the U.S.
Designing and implementing a compensation strategy that is fair and motivating is a tricky but critical part of every organization’s HR operations.