Compensation Structures Collaborative Articles

How do you follow up and confirm your salary agreement in writing?

Learn why and how to follow up and confirm your salary agreement in writing after negotiating a job offer. Get tips on sending a thank-you email, reviewing the…

Compensation Structures

How do you research the market value of your skills and experience?

14 contributions 5 days ago

Learn how to research the market value of your role, prepare for the negotiation process, and communicate your expectations and goals effectively.

Compensation Structures

What are the benefits and challenges of using variable pay for remote workers?

18 contributions 3 months ago

Learn about the benefits and challenges of using variable pay for remote workers, and get some tips on how to design and implement a fair and effective scheme.

Compensation Structures

How do you evaluate and improve a performance-based pay system over time?

20 contributions 3 months ago

Learn six steps to evaluate and improve your performance-based pay system over time. Find out how to choose, communicate, and adjust your performance indicators.

Compensation Structures

What are some common challenges or pitfalls of using salary range and midpoint formula?

20 contributions 4 months ago

Learn about the challenges and tips of using salary range and midpoint formula to set pay levels based on market data.

Compensation Structures

How do you avoid bonus disputes and grievances among employees?

27 contributions 3 months ago

Learn six tips on how to create and communicate a bonus scheme that motivates and satisfies your employees without causing disputes or grievances.

Compensation Structures

What are some best practices for updating salary ranges and midpoints over time?

26 contributions

Learn what salary range and midpoint formula are, why they are important, when and how to update them, and what are some tips to do it effectively.

Compensation Structures

How do you adapt pay for performance to changing market conditions and customer needs?

12 contributions

Learn how to design, implement, and evaluate a pay for performance system that is flexible, fair, and effective in changing market conditions and customer needs.

Compensation Structures

How do you measure the impact of transparency on employee engagement and retention?

10 contributions 4 months ago

Learn what transparency means in compensation structures, why it matters for employee engagement and retention, how to implement it, and how to measure its impact.

Compensation Structures

How do you handle market pricing for unique or hard-to-fill positions?

18 contributions 2 months ago

Learn how to handle market pricing for unique or hard-to-fill positions with tips and best practices on defining, sourcing, analyzing, evaluating, communicating…

Compensation Structures

How do you foster a culture of recognition and reward within and across global teams?

9 contributions

Learn how to create and manage a recognition and reward program that is aligned with your business goals, customized to your local needs, and involving your…

Compensation Structures

What are the benefits and challenges of pay equity audits and certification?

10 contributions

Learn how pay equity audits and certification can help you achieve fair and equal pay for your employees, and what challenges you may face along the way.

Compensation Structures

How do you foster a culture of transparency and trust around your compensation practices?

20 contributions

Learn how to foster a culture of trust and transparency around your pay practices. Discover tips on defining your compensation philosophy, sharing your structure…

Compensation Structures

What are the advantages and disadvantages of using market-based pay versus job-based pay?

15 contributions 1 month ago

Learn what market-based pay and job-based pay are, and how they affect your compensation strategy and alignment. Compare their benefits and challenges, and find out…

Compensation Structures

How do you use compensation surveys and data to attract and retain top talent in a competitive market?

17 contributions

Learn what compensation surveys and data are, how to use them to benchmark your pay practices, and what benefits they can bring to your organization.

Compensation Structures

What are the pros and cons of individual vs. team-based bonus schemes?

13 contributions 3 months ago

Learn how to choose and implement the right bonus scheme for your organization and team. Explore the advantages and disadvantages of individual and team-based bonus…

Compensation Structures

How do you use job evaluation and grading software to support pay equity and diversity initiatives?

7 contributions

Learn how to use job evaluation and grading software to design and manage a fair and inclusive compensation structure for your employees.

Compensation Structures

How do you leverage compensation as a tool for attracting and retaining diverse talent?

15 contributions 3 months ago

Learn how to leverage compensation as a tool for attracting and retaining diverse talent. Discover tips and best practices for DEI compensation strategy.

Compensation Structures

What are the pros and cons of different types of bonuses for employee motivation?

16 contributions 1 month ago

Learn about the pros and cons of performance-based, profit-sharing, recognition, and discretionary bonuses for employee motivation.

Compensation Structures

What are the common compensation communication pitfalls and how to avoid them?

13 contributions 1 month ago

Learn about the common pitfalls of communicating compensation to employees, and how to avoid them by following best practices for clarity, consistency, feedback…

Compensation Structures

How do you measure the effectiveness and impact of your compensation communication and transparency efforts?

8 contributions

Learn how to evaluate and improve your compensation communication and transparency efforts using key metrics and methods that impact employee satisfaction…

Compensation Structures

How do you create a transparent and consistent compensation structure policy?

12 contributions

Learn how to create a transparent and consistent compensation structure policy for your organization in six steps, from assessing your current situation to…

Compensation Structures

What are some of the key elements of a compensation communication plan?

10 contributions 3 months ago

Learn how to communicate your pay strategy and decisions to your employees with a compensation communication plan that covers six key elements.

Compensation Structures

What are the pros and cons of using salary bands versus pay ranges?

8 contributions 3 months ago

Learn the differences, benefits, and challenges of using salary bands or pay ranges to define your compensation structure.

Compensation Structures

What are the challenges and benefits of using stock options or equity as a form of compensation?

5 contributions 3 months ago

Learn what stock options and equity are, how they can benefit or challenge employees and employers, and how to design and evaluate them effectively.

Compensation Structures

How do you handle comp ratio discrepancies or outliers among your employees?

5 contributions

Learn how to handle comp ratio discrepancies or outliers among your employees with these tips on comp strategy, comp audits, pay adjustments, and comp reviews.

Compensation Structures

What are the best practices for disclosing executive compensation?

3 contributions

Learn how to disclose executive compensation transparently and effectively to your stakeholders and the public. Follow these best practices for legal, ethical, and…

Compensation Structures

How do you handle salary band compression or overlap issues?

6 contributions

Learn what salary band compression and overlap are, how they impact your pay and performance, and how to avoid or resolve them in your compensation structure.

Compensation Structures

What are the benefits and challenges of using pay bands or ranges for different roles?

10 contributions 3 months ago

Learn how to use pay bands or ranges to create a transparent and fair compensation policy, and how to overcome some of the common challenges.

Compensation Structures

How do you foster a culture of performance and accountability with compensation?

9 contributions

Learn six steps to design and implement a compensation structure that aligns with your organizational goals, values, and culture, and motivates and rewards your…

Compensation Structures

How do you handle compensation disputes and grievances in a transparent and respectful way?

8 contributions

Learn six steps to handle compensation disputes and grievances in a transparent and respectful way, using base pay and variable pay ratio analysis.

Compensation Structures

How do you explain the benefits of a global compensation structure to your employees?

11 contributions

Learn how to explain the benefits of a global compensation structure to your employees, and address their questions and concerns.

Compensation Structures

How do you motivate employees with non-monetary rewards and recognition?

16 contributions 3 weeks ago

Learn how to motivate your employees with non-monetary rewards and recognition that align with your compensation structure and business goals.

Compensation Structures

How do you handle performance reviews and feedback in a performance-based pay environment?

9 contributions

Learn how to handle performance reviews and feedback in a performance-based pay environment. Align pay with performance criteria, communicate goals, conduct fair…

Compensation Structures

What are the key components of a transparent and fair compensation policy?

19 contributions 1 month ago

Learn the key components of a transparent and fair compensation policy and how to communicate it effectively to your employees and stakeholders.

Compensation Structures

What are some best practices for leveling compensation across different locations and currencies?

31 contributions 3 months ago

Learn some best practices for leveling compensation across different locations and currencies, based on compensation philosophy, leveling framework, market…

Compensation Structures