From the category archives:

Compensation

Your pay may be limited by the pay structure, position or company philosophy: Part 3

by Lynn Dessert

This is the last of our three part series on learning how to assess if your salary is too low.
Part one of the series asks you to define what your job scope or duties are and to learn about how your company assesses a position’s relative worth. Knowing these two factors will give you insight [...]

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You have to know the business to know about pay: Part 2

by Lynn Dessert

The second part of our series (read part one here) about evaluating your pay means looking at the big picture. It is rare that a company picks a pay rate out of thin air. There are a number of factors to consider in creating a pay philosophy.
The discussion of competitive pay belongs in top leadership [...]

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Think your salary is too low? Learn how to assess it. Part 1

by Lynn Dessert

Fair compensation does not mean the highest in town. Think of fair as “about average”.
Successful companies make it a priority to create fair paying jobs to remain competitive. If they do not, they risk losing talented people to other organizations.
Total compensation includes more than base pay. It often takes in account benefits, such as medical, [...]

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Evaluating a Job Change to Advance Pay

by Lynn Dessert

Question: I work in a large high tech company where several of us have the same job description, but we don’t do the same work. My boss gives me all the difficult assignments and the others receive the more routine work.
When I received my increase this year, I got a 3% raise, while the [...]

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