This week, the Compensation Daily Advisor discussed compensation philosophy, employees discussing pay, and leadership. Here’s the Compensation Daily Advisor week in review.
For a Limited Time receive a
FREE Compensation Market Analysis Report! Find out how much you should be paying to attract and retain the best applicants and employees, with
customized information for your industry, location, and job.
Get Your Report Now!Comp Philosophy? Yes, You Must Have One—Yes, it’s worth the time and focus on your compensation philosophy, because it is the basis for everything you do in compensation.
SMART Goal-Setting—Key to Pay for Performance—Everyone wants to do pay for performance, but it won’t work without clear, meaningful, measurable goals. Use the SMART system, says consultant Diana D. Neelman, CCP.
Can You Forbid Discussions of Salary and Pay?—While some employers would like ban employees from discussing their pay, it’s not legal under federal law.
Do Great People Make Great Cultures or Vice Versa?—Which came first—the people or the culture? Do exceptional people create an extraordinary culture, or does an extraordinary culture attract exceptional people?
BLR’s Compensation Daily Advisor is a free daily source of Compensation tips, news, and advice.