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HRCI Glossary of Terms A-N

Sandra Reed

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Compensation

Description

Professional PHR SPHR Mind Map on Compensation, created by Sandra Reed on 08/01/2015.

Mind Map by Sandra Reed, updated more than 1 year ago

	Created by Sandra Reed about 10 years ago

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Resource summary

Compensation

Compensation strategy: lead, match or lag the market?
1. Market Rates
  1. Cost of living adjustments
  2. Wage Surveys
  3. Pay compression
2. Performance based pay?
  1. Individual or team?
Pay rates, ranges, broadbanding?
1. How are raises calculated?
2. Strategies for dealing with red-circled and green-circled employees
Legal issues
1. Lilly Ledbetter Act
  1. Equal Pay Act
    1. Garnishment laws

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