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Compensation Conscience

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Understanding Compensation: Its Meaning and the Different Types

Compensation refers to the sum that your employer pays you, including cash and other benefits such as insurance or paid time off. Understanding pay may …

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The Lowdown on Incentive Pay: Definition, Examples, and Best Practices

Incentive pay has become a hot topic for many companies looking to motivate and reward employees. But what exactly is incentive pay, and how can …

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Overtime Pay Calculations Made Simple

Calculating overtime pay does not have to be complicated, despite what companies may want employees to believe. While the laws regarding overtime calculations seem complex, …

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Broadbanding Salaries: Why Companies Use Wide Pay Bands

Companies are moving away from traditional, narrow salary grades to broadbanding, which uses fewer, wider pay ranges. Broadbanding is gaining popularity as companies look to …

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Compensation Packages: Understanding Definitions and Inclusions

Before you start a new job, it is essential to review the company's compensation plan for the specific role. Apart from professional opportunities and career …

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Bonuses and Incentives: Clearing Up the Confusion

When it comes to bonuses and incentives, many employees are clearly confused. Both involve extra money, but there are key distinctions between these workplace perks …

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Employee Vetting: What It Is and How to Run the Process Successfully

When hiring new employees, vetting candidates thoroughly is a key step for any company. A solid vetting process helps ensure bringing in people who are …

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Dealing with Loss? Understand Bereavement Leave Policies

When a person loses someone close to them, it is a deeply painful experience. Navigating grief is hard enough without having to worry about work …

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The Ins and Outs of Pay Market-Based Promotion

Companies promote people to higher-paying roles for a variety of reasons. Seniority or years of service often dictate promotions. Sometimes it depends on the person's …

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Get Certified as a Compensation Professional (CCP)

Are you working in HR and looking to boost your career and salary? Getting certified as a compensation professional may just be the ticket. It …

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The Significant Roles and Duties of a Team Leader

Leading a team is no easy feat. It takes a special combination of skills and personality traits to be an effective team leader. The team …

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Decode “Salary DOE”: Negotiate Your Worth and Land Your Dream Job

Are you in the midst of a job search and stumbled upon the abbreviation "Salary DOE?" You’re wondering what's the deal with that? The good …

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9 Critical Success Factors for Your Annual Health Survey

Most companies provide health insurance for their employees, but do you know how satisfied your team is with their plans? You can uncover crucial insights …

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14 Must-Have Manufacturing Skills

Businesses having the latest technology and equipment are at an advantage. But these tools become less valuable when workers lack manufacturing skills to operate them. …

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Cost of Living vs Cost of Labor: What’s the Difference?

Have you ever wondered why living expenses keep rising? From housing to food, everything seems more costly nowadays. But what’s the difference between the cost …

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Retroactive Pay: What It Is and How to Deal With It

Getting a sudden windfall of cash sounds amazing, right? However, it is not always as simple as it seems. Retroactive pay can disrupt financial planning …

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Defining Pay Market: How Geography, Industry, and Company Size Matter

When it comes to compensation, pay market matters. Defining the pay market goes beyond just geography to include factors like industry and company size. As …

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Making Compensation a Powerful Tool for Organizational Growth

When it comes to driving business growth, most companies focus their efforts on sales, marketing, and product development. But there is an often overlooked area …

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