To set employee pay, first determine your pay philosophy. Do you want to lead, match or lag the market? The most common pay philosophy is matching the market, which involves paying at the 50th ...

The start of locality pay for federal workers in 1990 did not change the underlying pay philosophy. Today employers in every sector are struggling to fill job vacancies. Recent headlines have ...

that can vary from region to region and state to state. That's why it's crucial to communicate your pay philosophy and structure clearly to all employees. There are several philosophies that ...

Setting a compensation strategy and pay philosophy isn't just important — it can be complex. Here are key considerations executives should keep in mind during the process. Building an effective ...

For his 10 or so employees, my Dad had a simple pay philosophy: If he liked someone, he paid them more. Of course, that’s not how major corporations pay people—in theory, anyway. Most ...

“When it comes to pay transparency, make sure pay ranges align with your company’s pay philosophy for local and remote or out-of-state workers,” Heer said. “Some organizations are going to ...

Review the company’s compensation philosophy and goals and ensure that the executive’s compensation package aligns with the company’s philosophy regarding: total pay levels; the mix of ...

Smith said he could not speak to why Benton hired Gallagher to review the county’s pay philosophy. But by updating their guiding documents on how employees are compensated, organizations ...