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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.

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

Nearly equal proportions reported being not at all certain (13%) or very certain (12%), while only a few (2%) felt extremely certain.

;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.

.; Fuel Transport Announces 35-Hour Workweek Logistics and transportation company Fuel Transport announced April 2 it has revamped its employee policies to include a 35-hour workweek for certain employees, without affecting those workers’base compensation.

Nearly equal proportions reported being not at all certain (13%) and very certain (12%) while only a few (2%) felt extremely certain.

One group of participants (single-measure-compensation participants) received a bonus based on the creature’s ability to sing: they received an additional $2 per level of “sing ability.”