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]

The Wounded Warrior Project – Spending Too Much on CEO Compensation?

by Linda M. Lampkin, Senior Nonprofit Compensation Specialist 24. February 2016 13:00
The Wounded Warrior Project (WWP), a fast growing and media-savvy charity serving veterans, has recently been in the news and not in a good way. See a recent article in the New York Times and a blog post from GuideStar CEO Jacob Herald. There were charges of spending too much on expenses (e.g., fund-raising, travel, and executive compensation) that were not directly related to its mission of direct services to veterans. [More]

Labor Markets and Geographic Differentials

by Malak Kazan, CECP, CCP, CBP, GRP 18. February 2016 12:52
Depending on whether the economy is experiencing growth or a recession, the private and government sectors have different strategies to manage them. Recent macro-level topics focus on the need to create better quality jobs that grow the middle-income household segment while facing skills shortages, as in Science, Technology, Engineering, and Math (STEM) jobs, for example. At ERI, we help subscribers determine the cost impact of their strategies through the application of compensation analytics. As stakeholders, HR leaders want a trusted partner to keep a pulse on the competitive advantages of geographic labor cost differentials in light of external market conditions. [More]

When Not to Be an Outlier

by Linda M. Lampkin, Senior Nonprofit Compensation Specialist 28. January 2016 12:41
While there are some situations that call for standing out from the crowd, setting nonprofit executive compensation is not one of them – that is, unless there is a thoughtful process that is not only supported by data, but also well-documented, and justifies a higher-than-expected salary. [More]

Why Compensation Analytics?

by Malak Kazan, CECP, CCP, CBP, GRP 20. January 2016 12:54
Organizations are leveraging internal and external datasets to generate analytics upon which they can make smarter business decisions. The effective design of robust analytics can be based on time series regression analysis. This generally is the result of iterative analytics that lead to identifying meaningful independent variables. These independent variables help to predict with some reasonable certainty a probable outcome. [More]

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