Benchmarking Executive Jobs for Small and Medium-Sized Businesses

by Malak Kazan, CECP, CCP, CBP, GRP 25. April 2016 12:36
How an organization pays its executive management needs to be strategically aligned with short-term objectives and, most importantly, the long-term goals of the business. [More]

Compensation Benchmarking for Remote Workers and Shared Services

by Malak Kazan, CECP, CCP, CBP, GRP 21. April 2016 12:14
Global human resources and total rewards professionals provide business insight for geographic labor market differentials that impact their business operations. Now you can expand your arsenal of benchmarking tools to include geographic labor differentials for 60 cities across Ireland, Finland, and Switzerland. [More]

What Are the New Benchmark Jobs Added in Compensation Surveys?

by Malak Kazan, CECP, CCP, CBP, GRP 19. April 2016 09:29
Reliable compensation benchmarks help to attract, hire, and engage top talent for critical jobs in your organization. Throughout the year, ERI adds new jobs to the Salary Assessor by integrating standardized job descriptions into our compensation survey data collection process and analytics. In addition to current subscribers submitting requests to include a new job, ERI conducts on-going comprehensive analysis of global job boards and labor statistics and monitors changes in occupational structures to expand the list of new jobs added to our compensation analytics. [More]

Talent Management and Employee Relocation

by Malak Kazan, CECP, CCP, CBP, GRP 9. March 2016 13:31
Organizations are offering more innovative, flexible relocation programs as a way to align talent management strategies to business operation demands and to better compete in the war for talent. The employee (and family members), performance managers, and human resources are critical stakeholders in the process. Whether the company initiates a relocation for business and professional development purposes or the employee initiates it for personal family or career interests, the stakeholders collaborate to make an informed decision about the move. Cost of living, compensation, and career management are three factors that need to be evaluated to ensure a relocation is successful. [More]

Compensation Benchmarks for Winning Bids

by Malak Kazan, CECP, CCP, CBP, GRP 7. March 2016 12:26
Privately-owned and publicly-traded companies have lines of business dedicated to successfully participating in the bidding process initiated with a Request for Proposal (RFP) by a government entity. There are many criteria that companies need to satisfy in order to be awarded a government contract. One is providing pricing that includes reasonable labor cost estimates that reflect the prevailing wage. Companies deriving labor costs from current internal pay levels will generally have a practice of externally benchmarking the prevailing wage. External compensation benchmarks will be specific to geography and industry, have a large sample size, report both the mean and median, and be matched to the job requirements. [More]