Knowledge Base: Tips and inspiration
We enjoy sharing our knowledge and take opportunities to do so at network meetings and events. Our Knowledge Base gives you access to articles with helpful tips, inspiration and information about Compensation & Benefits. We hope you’ll find something interesting!
Next year’s salary review process is approaching and preparation needs to be done to ensure its success. Here are some useful tips about process plan, guidelines and training.
It is a good idea to evaluate the salary review process shortly after it has been concluded. What success factors and areas of improvement can be identified? What lessons have we learned? Here are some questions that may help the evaluation.
When the managers are ready with their proposals for pay increases for their employees, it is HR’s job to analyze the results. It is important to ensure that the company complies with policies and guidelines and that the results are in line with the compensation strategy of the organization.
How do you pay your employees compared with the market? Above, below or in line with the market median? A key aspect of the work of the Human Resources department is to keep track of market levels of pay for the various roles.
It is important that managers feel confident about the salary review procedure and the pay decisions that they make. In this article we give you some tips on how HR can support managers before and during the salary review.
A new year, new opportunities and the perfect time to put internal structures and support systems in place. For those of you who work in HR and are responsible for Compensation & Benefits processes we have compiled an annual plan showing the most important activities during the year.
A salary policy ensures that your company have a responsible and fair compensation system in place and that rewards and salary increases are approached and applied consistently in the organization. A properly-implemented policy provides the managers with valuable support in the pay-setting process.