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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.

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Top Stories: Lodging & Gaming
Industry Groups Sue Over L.A.'S Minimum Wage For Hotel Workers
The lawsuit from the American Hotel and Lodging Assn. and the Asian American Hotel Owners Assn. contends that the City Council's decision to impose a $15.37 per hour minimum wage is preempted by federal labor law and therefore unenforceable. 
(LA Times)   Read the complete article
Hospitality Trade Likes Tip Credits
Jan Marie Chesterton, president of the New York Hospitality and Tourism Association, speaks during a press conference where restaurant and hospitality trade association leaders advocated to keep the states current tip credit system in place Monday, Dec. 8, 2014.
(Times Union)   Read the complete article
Top 10 Hospitality Industry Trends in 2015
As I wrote in my recent forecast, 2015 is poised to be the best year the hotel industry has ever experienced.  Understanding these trends and planning accordingly will provide you with the opportunity to experience a record-breaking year ahead on both the revenue and net income side of the equation.
(4Hoteliers)   Read the complete article
Top Stories: Healthcare
Physician Employment Landscape Set to Change in 2015
"The coming year will again be one of major transition for the U.S. healthcare system,"  "Regulatory and marketplace forces are having a number of unintended effects, including challenging the viability of smaller medical practices, reducing patient choice and putting tremendous strain on the physician-patient relationship."
(EHR Intelligence)  Read the complete article
Using Technology to Optimize Population Health Care Coordination Outcomes
More than 2,600 hospitals will receive financial penalties in 2015 as a result of excessive numbers of hospital readmissions within 30 days of discharge. A recent analysis shows population health management initiatives can reduce readmissions, improve community healthcare outcomes, and increase revenues.
(Healthcare Informatics)  Read the complete article
Healthcare Security In 2015: 9 Hotspots
Healthcare organizations must tighten security or risk getting breached, penalized, and potentially ostracized by a public fed up with seeming carelessness with their personal information. Unfortunately, the task of securing protected health information (PHI) is only becoming more challenging for even the best-prepared organizations.  
(Information Week)  Read the complete article
Top Stories: Human Resources
EEOC Guidance for Criminal Records Hotly Debated but Remains Key Concern for Employers in 2015
On April 25, 2012, the U.S. Equal Employment Opportunity Commission (EEOC) approved updated Enforcement Guidance on the Consideration of Arrest and Conviction Records in Employment Decisions Under Title VII of the Civil Rights Act of 1964. This EEOC Guidance is having a profound impact on how employers in America hire. 
(Employment Screening Resources)  Read the complete article
FSLA and Employment Practices Liability Issues
Wage and hour claims brought under the Fair Labor Standards Act (FLSA) and state law equivalents continued to rise in 2014, and 2015 may very well be a record setting year for lawsuits.
(Property Casualty 360)  Read the complete article
New Survey Finds Employers' Remain Committed to Providing Medical Benefits
The second annual study by the Private Exchange Evaluation Collaborative (PEEC) affirms a continuing interest in private exchanges among employers. The national survey, based on the responses of 446 employers, reports heightened interest on the part of employers in private exchanges as a strategy for full-time active and retirees
(PR Newswire)  Read the complete article
4 Things for Benefits Pros Regarding Obama's Immigration Plan
Although the action falls short of the wider and more permanent protections immigrant advocacy groups and business leaders would like, most experts agree that the order could make living and working in the U.S. easier for undocumented workers and their potential employers.
(Workforce) Read the complete article
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WageWatch provides valuable compensation and salary surveys online across multiple industries and geographic markets to human resource professionals, hiring managers, associations, employers, and other executives at the best price. Our cost-effective online salary and compensation surveys and reports are designed to help employers with hiring employees, employee retention, employee pay and recognition, employee benefits, budget planning, market pricing jobs and salary range decisions.
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