I began my career in Compensation in the early 1990s using a combination of market pricing and job evaluation to establish pay structures. Market pricing is the 'external' method, collecting salary data, usually through a salary survey, for similar jobs from other organizations to establish the 'market rate' or 'price' for the job. Job evaluation is the 'internal' method, focusing on internal job worth, each job is rated or scored on several different factors and the total score equates to the job's salary grade in the pay structure. (WageWatch) Read the complete article |
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Millennial Myth Busting
Listing complaints about the younger generation is not a new pastime. Aside from continued dependence on constant connection, the rising millennial workforce seems to be most focused on personal fulfillment in all aspects of their lives, especially at work. (HR Online) Read the complete article |