Entries by Neil Lappley

How to Invest in High-Potential Employees

Identifying the right talent for your organization’s long-term success is a business imperative. To tap into this talent pool, many companies invest in High Potential Employee (HIPO) compensation programs to develop and retain their most promising future leaders. Researchers from MIT and Harvard have found that companies can consistently identify 3-5% of their workforce as […]

Pay Equity and The Rules of Engagement

From Wall Street to Main Street, the issue of pay equity and demands for a fair living wage are making headlines across the country. Despite the growing furor, the idea that employees performing substantially equal work should be paid equally is not new. The Pay Equity Act was passed in 1963, followed by the Civil […]

2020 Salary Budget Increases

Despite uncertainty about where the U.S. economy is heading, recent salary surveys from compensation consulting firms reveal that salaries are expected to either increase slightly or hold steady versus 2019 salaries. In this issue of Compensation Alert, we look at how companies are planning to deal with 2020 salary budgets to remain competitive and retain […]

Managerial Training for Communicating Compensation

How well do your employees know your company’s compensation strategy? Chances are that without a clear understanding of your organization’s pay program, your employees will not appreciate their value to the company. In a 2018 Conference Board survey, it was reported that only 43% of employees were satisfied with their wages. Worse still, a low […]

Addressing Pay Equity

Pay equity is a topic that isn’t going away. Rather, the spotlight is only getting brighter. This makes understanding possible pay gaps between the men and women in your workplace and adopting proactive approaches to remedy pay inequities more important than ever. For instance, according to the American Association of University Women, 42 states as […]

Compensation Transparency: Why and How

March 2019 In our November Compensation Alert, we argued that compensation transparency leads to greater employee engagement. When done correctly—with a well-defined plan and communications approach—compensation transparency becomes a powerful tool for attracting and retaining top talent. Although there is widespread agreement on the benefits of pay transparency in the workplace, what is not always […]

How Compensation Communication Promotes Employee Engagement

With unemployment at low levels and the economy continuing to expand, the need for compensation transparency is at an all-time high. Increasingly, employees are also making more demands for visibility into their rewards programs. If your employees aren’t asking directly for this transparency, they are likely seeking information elsewhere from peers, for example, or through […]

[Comp Alert October 2018] How to Develop a Compensation Strategy

Last June in our Compensation Alert, we discussed how to develop a compensation strategy. As year-end compensation planning approaches for many companies, we think this topic is timely and worth revisiting with updates to address current trends. Compensation strategy is part of a company’s human resource strategy and should be integrated with all other elements […]