Compensation Budgeting Series


It’s budget season again, and it’s time to put some numbers to your anticipated changes to your comp plan in the coming year.

The first critical step is to get a sense of where the issues are. Are there internal pay inequities in your organization? If so, what do you plan to do about them and, more importantly, how does that impact the budget?

In Part 1: Managing Internal Pay Inequities, you will walk away with a better understanding of how to identify pay inequities, and also how to begin to resolve them.

In Part 2: Determining Raises, we show you how to determine appropriate increases for your staff. Do you intend to reward performance? Tenure? Do you give salary adjustments on a calendar basis or a fiscal year basis?


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