Benefits

My background in startups introduced me to compensation management. Because the nature of a startup usually requires one person wearing multiple hats, I quickly became immersed in compensation management long before I understood what it […]

Compensation strategy is the overarching policies that detail how an organization offers its pay and benefits. A compensation strategy can help pull the right people into your company by offering them something they want, like

Most people don’t know their exact annual compensation. They know their annual salary or wages, but that’s not the whole picture when it comes to compensation.  Also called total compensation, annual compensation refers to the

I know that both employees and managers dread compensation reviews, probably equally but in different ways. I get it. They’re time consuming for managers and can be anxiety producing for employees. But it doesn’t have

Compensation management is the process of reviewing salaries and benefits, researching market trends, and comparing an organization’s pay practices to its competitors. Compensation metrics are an integral part of compensation management, pulling together important pay

A compensation cycle is a period when a company reviews employee compensation to ensure that it meets market standards and reflects company values. In many companies, a compensation cycle lasts for one year, allowing the

Compa-ratio sounds like a fancy term, but it’s actually pretty simple. Even better, calculating compa-ratio is easy and the results aren’t hard to interpret.  But what is compa-ratio, exactly?  Hang tight. We promise we’ll explain

A total compensation statement outlines the direct and indirect compensation you pay employees for the work they do.  It’s a way of showing your team members the prices they don’t usually see, like how much

It’s easy for employers to get carried away with offering exciting forms of indirect compensation to employees. And yes, indirect compensation is really important. But you can’t lose sight of the dollar figure that employees

Employees often think of their salary and benefits as two separate things. But for employers, it’s more helpful to think in terms of total compensation.  So what is total compensation? How can you make sure