Family businesses will always be vital to the economic landscape. But because nearly every successful or growing family business also employs non-family workers, managing the operation is a balancing act that requires extra due diligence when it comes to fair and effective employee compensation prac...
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At Total Reward Solutions, we find ways to help clients rise to employee compensation challenges in good times and bad. That’s one reason so many clients consider us their trusted partner for compensation solutions, year after year. Another reason is that we offer a broad range of services, includ...
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It seems like executive compensation is always in the news, especially during national election cycles. The issue is controversial: Why are top corporate executives paid so much? Indeed, how much executive compensation is too much? How much is too little? Most important, how much executive compensat...
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Market pricing is an essential component of any successful employee compensation and total rewards program. Unfortunately, market pricing is also complex and cumbersome, with many factors and moving parts. These parts include the processes of submitting salary survey data, determining your market pr...
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When it comes to your organization’s compensation programs, none is more important than your base pay program. A base pay program provides structure and organizes your jobs so you can attract and retain talent. It establishes a baseline for merit pay, salary range variations, and regulatory compli...
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While employee compensation challenges seem to be ever-present, those challenges can become even more daunting in a tight labor market. And when unemployment is at historically low levels, employers feel pressure to keep employees satisfied with competitive base pay and attractive total rewards. Let...
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It seems only natural from one year to the next to take a quick glance in the rearview mirror even as we focus on the road ahead. For me, personally, and the entire team at Total Reward Solutions, 2018 was a pivotal year in our escalating success. We accomplished much, served many, and feel blessed ...
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Compensation ROI (the Return on Investment of your company’s compensation and total rewards policies, programs, and practices) is often misunderstood and underappreciated. In fact, most employers and Human Resources professionals tend to view employees as an expense – a necessary evil, if you wi...
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“Understanding how to use compensation and total rewards as a competitive advantage has never been more important!” This statement, from the Foreword by United Way of Central Indiana’s Chief Talent Officer Nancy Ahlrichs, helps explain why I wrote my new book: Compensation Sense 101 – Common...
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