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Pay compression: What it is and how to fight it

Insperity

Let’s take a closer look at salary compression as well as how to spot, resolve and prevent it from reoccurring in your company. What is salary, wage or pay compression? Asking for a job seeker’s salary history won’t help much, either, especially if a prospective hire knows they can find a higher paying job elsewhere.

Salary 194
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How to tackle wage growth and remain competitive in a tough market

Insperity

Anyone involved in hiring and retaining employees is torn between important and seemingly contradictory objectives: Address employees’ pain and concerns about the increased cost of living so you can prevent them from disengaging or leaving the company in search of a higher salary elsewhere. ( Be legally compliant. Ensure pay equity.

Salary 265
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How to tackle wage growth and remain competitive in a tough market

Insperity

Anyone involved in hiring and retaining employees is torn between important and seemingly contradictory objectives: Address employees’ pain and concerns about the increased cost of living so you can prevent them from disengaging or leaving the company in search of a higher salary elsewhere. ( Be legally compliant. Ensure pay equity.

Salary 218
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How to Spot Employee Theft and What You Can Do About It

Insperity

Actions can vary from updating your employee handbook to employee termination and legal intervention. One of the biggest mistakes small business owners make is putting one person in charge of the finances. a personal lifestyle that doesn’t match salary. Alert law enforcement if legal action is required.

Supplies 189
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How Do You Survive When Your Business Isn’t Profitable at the Start?

Success

But you also need to be prepared for your finances to change dramatically. The good news is that you can make a salary even if your business isn’t profitable. The bad news is that if you don’t have a profitable business to start, you might feel guilty or reckless drawing anything except the smallest salary you can live on.

Finance 111
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5 laws that could change the way you work in 2024

Work Life

Looking ahead, some of these trends—such as states enacting laws that secure paid leave and salary transparency—will likely continue into the new year. Massachusetts just passed its own version this fall, and salary transparency laws in Hawaii and Illinois will be put into practice in 2024 and 2025, respectively.

Salary 116
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What makes for a ‘good’ severance package?

Work Life

As an executive director with a base salary of $250,000, that amount would be nothing to sniff at. At the time, Dogen had about “a year’s worth of compensation” in deferred cash (60 to 70% of his salary and bonuses had been deferred). The junior employee promoted to his position had a significantly lower base salary than his.