Searching Compensation on page 55

Conceptually, we can break the raw pay gap down into two components: The “explained” pay gap, which indicates the extent to which pay differs across demographic groups due to relevant differences in compensable factors, such as occupation, role, education and experience.

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In addition, Mason said over 80% of organizations in Mercer’s “ 2022 US Compensation Planning Survey (August edition) ” reported that they were maintaining their one-time annual compensation cycle.

The key is determining when the benefits of a more complex compensation structure outweigh the costs of keeping things simple.

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While compensation is certainly a foundational component of retaining critical talent, companies should not rely exclusively on compensation.; NEW!

Compensation Tool is still technically based in Seattle, but Hampton didn’t want to stay in one place as he got the market pricing and compensation benchmarking software platform up and running.