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Compensation

Description

Professional PHR SPHR Mind Map on Compensation, created by Sandra Reed on 08/01/2015.
Sandra Reed
Mind Map by Sandra Reed, updated more than 1 year ago
Sandra Reed
Created by Sandra Reed almost 10 years ago
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Resource summary

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