Warren Heaps from Birches Group LLC says that there are ten steps to develop a salary structure for your organization:
Don’t worry! Be happy! Here is a select compilation of positive quotes about work from Career-Success-For-Newbies that you might find inspiring and motivating.
Most of us believe in the pay for performance compensation philosophy. Right? Well we hate to be the bearer of bad news, but according to a WorkTrends report from Kenexa, only 29% of employees saw a clear link between their pay and their performance.
Diane Leary from Buck Consultants believes sharing a pay philosophy with employees can help them understand the total value of the rewards they receive and enable them to see how their personal performance affects their pay. Communicating about pay requires a plan that:
Identifies audiences (the groups you want to communicate with and messages specific to each)
Determines the most effective communication channels (how you will deliver the messages) and the timing of the delivery
As a compensation professional, you should be take note of the things an organization can do to satisfy workers that do not cost a lot of money. David Mielach, a Business News Daily Staff Writer suggests 11 creative ways to keep employees happy and productive.
Compensation Connection Blog 