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!

Planning for the 2020 salary review process

Planning for the 2020 salary review process

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.

Evaluating the salary review process

Evaluating the salary review process

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.

Analyzing the results of the salary review

Analyzing the results of the salary review

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.

Salary benchmarking – interpreting and using market data

Salary benchmarking – interpreting and using market data

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.

Annual HR plan – with a focus on reward processes

Annual HR plan – with a focus on reward processes

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.

Checklist – how to create a salary policy

Checklist – how to create a salary policy

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.