Annual salary is one of the most important yardsticks by
which employees measure success and compare themselves to
As 2017 draws to a close, businesses get serious about
setting goals that improve their bottom lines for next
Similarly, employees get serious about setting their goals
at this time of the year. Usually at the top of an
employee’s list of goals is “improve my bottom line”
(i.e., take home pay).
The question is, “Will your employees improve their bottom
lines while remaining at your firm or will they seek to
improve their finances at another company?”
HR POINTER: Keeping employees’ salaries competitive with
the market is one of the keys to retaining top talent.
With the challenges in our economy of a low unemployment
rate and the rising cost of health insurance, most
businesses have been unable to provide significant salary
increases that increase take home pay. As such, quality
employees are being recruited away by companies that offer
However, now is the time to do a “Pay Scale Checkup” and
begin the planning for non-monetary and monetary changes
to help retain valuable employees in 2018.
We offer a Pay Scale Checkup for 2018 that includes an
analysis of your pay structures and a one hour
consultation (on-site or via phone) to discuss our
analysis and address specific issues in your distribution
of salaries related to:
*Anchor vs. Non-Anchor Jobs.
*Market Availability of Anchor Jobs.
*Market Rates and Benchmarks for Anchor Jobs.
*Financial Strategies for Rewarding A-Players.
*Non-Monetary Strategies for Rewarding A-Players.
*Compensating B-Players and Maintaining their Motivation.
*Pay Grade Differentiation Between Managers and Employees.
The Pay Scale Checkup is a one-time investment of $1,400.
If you are interested in learning more about our Pay Scale
Checkup, please contact the Member-Partner that is closest
to your geographic area.