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Building a strong compensation strategy: Is location-based pay best?

Insperity

This information is often available from salary reporting surveys. Cost of living refers to the price of goods and services, such as food, gas, housing and transportation, in a specific market. Location-based pay may be the ideal approach for employees, but it can quickly become a logistical nightmare for employers.

Logistics 240
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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. ( The Great Resignation is ongoing, after all.).

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. ( The Great Resignation is ongoing, after all.).

Salary 218
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Employers must act to offer more choices to people

Workplace Insight

Lone Rangers (14 percent) are focused on salary and location. They are motivated by high salaries and the opportunity to work remotely. Salary-driven Weekend Workers (13 percent) are motivated by the salary range on offer and show a willingness to work long hours including weekends to achieve a high salary.

Salary 113
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Is College Still Worth It?

Success

the ongoing Great Resignation); and for higher education institutions themselves, which are increasingly struggling to justify astronomical tuitions and which, according to studies, overestimate their debt-burdened graduates’ entry-level salaries by 100%. As an entry-level apprentice, King earned just over $11 an hour. It’s a clear win-win.

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should the interviewer dress up, I can’t afford to go to an event recognizing my work, and more

Ask a Manager

😍” Note: we work in health care (dealing with national crisis, short-staffed, and in the middle of a desperate war negotiating higher salaries), and we are mostly women in our 30-40’s. My colleagues are pushy about my travel logistics when I spend an extra night in a location. You are super, I’m so proud of you!