All you need to know : from compensation surveys to salary ranges and salary review
Frances, one of my readers, recently commented to me as follows :
I have to create salary ranges and compare the current salary to market data. This will allow me to make the determination if the person’s pay is within the acceptable range.
Year-end is approaching and I am starting to get more questions around this annual process, so I thought to create a compilation of some of my more relevant articles, focusing on 4 areas : compensation surveys, statistics and Excel tips for submitting data and analysing survey results, building salary structures, and salary reviews.
Benchmarking and compensation surveys
- Should you rely on free compensation data from magazines ?
- Why you should participate to compensation surveys
- The safeguards in salary benchmarking
- Compensation Surveys - the ultimate buyer checklist
Statistics and Excel tips for salary benchmarking
- How to compare average and median salary information
- Understanding R-square value in compensation analysis
- The 5 questions to test the validity of a statistical analysis
- A practical tip for your Compensation files
- Two Excel functions to save time in compensation files
- A graph based on a pivot table - can it make it easier for you to grow your credibility ?
Building salary structures
- From job evaluation to salary scales - the basics
- Ten steps for building a salary structure
- Broad banding or narrow banding
- Broad banding or narrow banding ? - part II
- Updating salary ranges... or not ?
- Comparing salary ranges ? Really ?
Salary reviews
- What to consider for salary planning ?
- How are salary reviews done ?
- What is your approach to aging ?
- Are you benchmarking... or copying ?
- Increase allowances, not basic pay ?
- Merit increase or bonus, how do you reward performance ?
- The best order in which to apply salary increases in any organisation
Please feel free to use this Resource page and share it around you !