A competency-based salary structure is based on employee proficiency and expertise instead of factors such as seniority or tenure. Job competency refers to the level at which the employee performs, ...

The technology industry has long been a fast-paced world driving a competitive environment to attract and retain highly skilled top talent. One of the key factors that entice skilled professionals to ...

At Michigan Tech, it is our people who make our University so special and who drive the fulfillment of our institutional mission. As outlined in Michigan Tech's Strategic Plan, the University is ...

Pay bands, while not necessary, can be a critical part of a compensation strategy, experts say. Used effectively, such structures can help employers maintain competitive salaries, track pay equity, ...

As your small business grows, part of your long-term planning will involve managing your labor costs. In addition to looking at the quantity of your budget you spend on staff, you'll also need to make ...

A lot more goes into compensation management than just giving your employees some money and hoping they will stay. A well-thought-out strategy can be the difference between a mass exodus and long-term ...

There is no doubt that the topic of compensation for in-house attorneys is very complex. Understanding the numerous components involved can make even the best minds deeply confused. Compensation ...