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Re-Examine Your Pay Ranges; To Offer or Not to Offer Compensation professionals exploring this question — and ways to keep lump-sum merit replacements equitable — in a WorldatWork Engage forum post shared various insights: ;“We move our ranges every year, say 2%, so even an employee who was at the top of the range will get a 2% base pay increase,” said Ken McLean, a senior compensation analyst at Newport News, Va.

Once determined, proceed to Step 2.; Step 2.

Pay Range Overlap (%)=Max(Range 1 Max, Range 2 Max) - Min(Range 1 Min, Range 2 Min)Min(Range 1 Max, Range 2 Max) - Max(Range 1 Min, Range 2 Min)​×100 Min (Range 1 Max, Range 2 Max): The lower of the two maximums.

;Step 2: Model the compensation plans under various performance scenarios to ensure the new plans fall within the commission budget.

While a headline-grabber across industries, this is particularly and primarily impactful for companies involved with: ;Beverage and food services; ;Entertainment and events; ;Hospitality and guest services; ;Home services; ;Personal services; ;Personal appearance and wellness; ;Recreation and instruction; ;Transportation and delivery; The conversation (on social media and perhaps, based on your industry, in corporate/department/team meetings) will undoubtedly pick up speed now that the Department of the Treasury, on Tuesday, Sept. 2, made public a “preliminary list” of occupations that, based on their historical tipped status, would be eligible for the tax-savings benefit.

Human Resource Management Review 17(2): 131–139.

Figures 1, 2 and 3 preview the models tested.

Comparing 2019 with 2022, WTW found an increase in every topic we categorized in the first study, as shown in Figure 2.

According to the WGA, the studios’ offer just before the strike began was only 4%-3%-2%, which is 9.26% compounded over three years.

;For the “bonus” column, for Lines 1 and 2, only 31% of interim CEOs from the board participated in the annual bonus plan (Line 2); however, of those who did participate, they did so at the same rate (100%) as the former CEO.