Salary ranges are necessary to guide pay at organizations.

Salary ranges are necessary to guide pay at organizations.

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Similar to pavement markings that drivers use to guide them while in motion on the road, salary ranges are necessary to guide pay at organizations. Salary ranges are the boundaries for compensation, and yet, you would be amazed how many organizations do not have them in place. Salary ranges that are fair and equitable can assist in many aspects. Assigning starting pay for a position, moving an employee through a job allowing them opportunities to earn more pay and using the different quartiles to figure out what would be the best way to allocate merit pay are three ways that these boundaries can be a huge benefit for companies. The white paper "Salary Range Boundaries" is below. If you do not have a structure in place or if you feel it is time to review your salary ranges, this is a perfect time.

Download "Salary Range Boundaries"

Tips and Tools - Reliable Market Data

Market data is becoming a hot topic as compensation management is moving to the front burner for many organizations. We released an article earlier in the year, "Reliable Market Data - Does it Exist and Where?" In a recent newsletter that was released by World at Work, they released a related article not only addressing reliable market data but also offering tips on how to determine if the information is accurate. If you would like to learn how to identify bad data, please download the article below, "Salary Data Red Alert: Do You Know Where Your Compensation Data Came From?" written by Pawan Singh.

View World at Work Article
July 2010 Edition
Newsletter Spotlight
Download our complimentary white paper:
"Salary Range Boundaries"

Unemployment Benefits: What is next?

Last month, one of the hot debates was the question, are unemployment benefits beneficial or damaging to the economy? There were many different views on the issue as to whether individuals were actually taking advantage of the situation or simply using the money in a great time of need. Regardless of anyone's personal stance on the issue, at the end of June, the House rejected an extension of unemployment benefits because of concerns of our national debt. The last extension expired at the end of May. It was mentioned in an article on that more than 1 million people who have been laid off for long stretches have already lost benefits. However, if the benefits were extended again, it would have been through the end of November at a cost of $33.9 billion. Here is hoping for many positions to open up in our economy and for many applications to be received on your next open position posted! If interested, you can read more about the unemployment benefits by following the link below.

"House Rejects Extension of Unemployment Benefits"