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Pay compression: What it is and how to fight it

Insperity

If money is tight, there are options (see “Encourage collaboration between HR and finance staff” section below). Do your pay levels reflect your company’s vision and goals? Encourage collaboration between HR and finance staff. That’s why HR and finance professionals should work together to determine salary structures.

IT 74
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How to tackle wage growth and remain competitive in a tough market

Insperity

Your compensation strategy should: Align with your company’s vision and values. Reserve the right to make changes, including downward adjustments, at any time based on employee performance or company finances. Workplace flexibility. Promote equity and fairness for employees. Ensure fiscal sensitivity for the organization.

Salary 102
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How to tackle wage growth and remain competitive in a tough market

Insperity

Your compensation strategy should: Align with your company’s vision and values. Reserve the right to make changes, including downward adjustments, at any time based on employee performance or company finances. Workplace flexibility. Promote equity and fairness for employees. Ensure fiscal sensitivity for the organization.

Salary 85
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Navigating employee benefits: A comprehensive guide for growing businesses

Insperity

Optional dental and vision care are usually offered alongside health insurance for an added fee.) These could include any number of services or programs that enhance employees’ quality of life and working conditions, ranging from educational assistance to achievement awards and options for greater workplace flexibility, including remote work.