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.
Compensation
Compensation 103: Salary Structures
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.
Compensation 102: Job Evaluation
The importance of job evaluation is simple. In order to create a competitive yet equitable compensation system, organizations need clear job classifications.
Compensation 101: Compensation Philosophy
The compensation philosophy is the foundation for all compensation decisions an organization makes. Developing a compensation philosophy, however, is not always an easy task.
Compensation 101: Why Green Circle Rates Occur & What To Do About Them
Readers Ask: How Can I Pay Exempt Staff “Extra” Compensation Without Violating the Fair Labor Standards Act?
Thanks to Astronology® reader Milvana Grzan, of Memorial Sloan-Kettering Cancer Center, New York, NY, for providing this issue’s topic. Ms. Grzan asks how an organization can provide extra compensation to exempt staff without violating the Fair Labor Standards Act (FLSA).