This week's Compensation Daily Advisor covers the McRaise, calculating salary increases, pay strategies, generational differences in how short- and long-term pay is viewed, and performance management.
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The wage and benefit increases recently announced by McDonald’s® put the fast-food giant on the same path retail giant Walmart took back in February when it announced an increase in its starting wage.
Factors to Consider in Calculating Raises
Yesterday, we looked at the wage increases recently announced by behemoths Walmart and McDonald’s®. Today: How to prepare for compensation increases at your own organization.
New Pay Strategies Needed to Incentivize a New Generation of Executives
In the upper reaches of corporate America, the largest generation on record is retiring—and a new generation is getting set to take over. And Gen Xers aren’t looking for the same things, compensation-wise, their Baby Boomer predecessors were.
Boomers and Xers Look at Short- and Long-Term Pay Differently
Yesterday, we got some insights from Laura Fries, managing director and executive vice president at Baker Tilly, on pay strategies to retain up-and-coming Gen Xers. Today, her thoughts on short-term versus long-term pay for different generations.
Performance Management Survey—What’s Really Happening?
Performance management is not only important for identifying your high potential employees, but it also has a great impact on your compensation programs and documentation practices. What’s happening with performance management in the real world? What are your competitors up to? Help us find out!