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Salary negotiation tips – responding to salary surveys

Tue, 02 Dec 2008 14:09:22 PDT

Salary negotiation tips can help employers deal with employees and prospective employees who demand ever higher wages. Salary negotiation tips can help human resources staff and hiring managers respond to employees and candidates who produce salary surveys from websites.

Compensation Surveys

Tue, 02 Dec 2008 14:10:18 PDT

Paying people fairly is good for business. Underpay, and employees will eventually look for a better offer. Overpay, and the payroll budget and profitability will suffer. That's why companies use market data to research the value of their jobs. But what is "market data" anyway?

Pay Philosophies

Thu, 12 Nov 2009 14:03:38 PDT

A pay philosophy is a company's commitment to how it values employees. A consistent pay philosophy gives the company and the employee a frame of reference when discussing salary in a negotiation.

Responding to Online Data

Tue, 02 Dec 2008 14:13:28 PDT

Companies should assume that employees will eventually walk into the office with a salary report detailing market pay for their job. That way, when it inevitably happens, the employer can be prepared and avoid seeming defensive.

Positive returns on providing well planned compensation

Tue, 02 Dec 2008 14:14:27 PDT

Compensation refers to all forms of pay and rewards received by employees for the performance in their jobs including all forms of cash, benefits, services, and perks. It is important to recognize and communicate your "total" compensation as "all" the pay you are providing your employees.

Free salary information available

Tue, 02 Dec 2008 14:17:38 PDT

Free salary information can help you get an edge in compensation negotiations with candidates. Although employers usually try to keep a tight lid on salary information, times have changed, bringing forth a variety of free sources for compensation information.

What you need to know about creating a letter of offer

Thu, 12 Nov 2009 14:22:02 PDT

Every employment relationship is governed by an employment contract, whether written or unwritten. Letters of Offer identify employer and employee obligations and rights; as such, they’re important documents for limiting an employer’s liability. In practice, these letters are referred to only if an issue arises affecting the employment relationship.

2009 Robert Half Salary Guides identify job market bright spots

Thu, 12 Nov 2009 14:22:49 PDT

Even in the current economy, certain skill sets remain difficult to find, according to the 2009 Salary Guides from Robert Half International. The recently released guides point to modest overall salary increases for accounting, information technology (IT) and administrative roles, but highlight specialized expertise that can enhance a professional's marketability.

Why Creating Fair Salary Structures is Important for Your Organization

Tue, 26 Jan 2010 09:15:22 PDT

An organization needs talented and skilled individuals to build a successful business. Because these talented people are highly sought after, an attractive pay structure is often the key to bringing the best candidates on board. Studies have shown that a fair compensation system is among one of the most effective ways in retaining and motivating employees.

Referral Bonus Programs

Tue, 26 Jan 2010 09:16:16 PDT

Employee referral bonus programs have always been a favored recruitment strategy for many organizations. Each referral bonus program is designed differently from company to company but essentially it is a program where a reward is offered to employees who bring in qualified people for the company.

Severance packages – What’s Fair?

Thu, 25 Feb 2010 10:49:21 PDT

Severance pay is the compensation an employee receives from his/her company upon job elimination, being laid off, or when both parties agree to part ways. Severance pay is a mandatory compensation required by the law. Mandatory severance pay could range anywhere from a week’s wages up to eight weeks of wages.