The Port Authority of New York and New Jersey publishes the salaries of its 6,777 employees on its website. The decision came after some criticism about how public money is spent and some controversy about payroll in this organisation. When I read this article, I have to admit being impressed by the level of transparency…
Pay transparency for all employees in some US government entities
December 15, 2011 by Leave a Comment
High Pay Commission report tackles excessive high compensation
December 13, 2011 by Leave a Comment
Since the beginning of the global crisis, the topic of Executive Pay has been a major point of focus for many observers, journalists, economists, governance and remuneration specialists, as well as the “man on the street”. Recent developments in the US have included the implementation of stricter rules regarding Say on Pay (shareholders voting on…
How to compare average and median salary information
December 11, 2011 by Leave a Comment
I recently described how to calculate a percentile. Today I will clarify the difference between the average and the median. Technically, the average is the sum of all data points, divided by the number of data points. The median is the 50th percentile, or the value that splits the data points in two equal groups…
Socialize your Compensation & Benefits annual business plan
December 8, 2011 by Leave a Comment
So the time has come to socialise your brilliant Compensation & Benefits annual business plan. You spent hours gathering and integrating feedback from your internal clients, thinking about the company strategy and how your team can help accelerate the organisation’s vision and objectives, and putting together a detailed program inclusive of organisation chart, resources needed…
A methodology to define which roles qualify as “Executive”
December 6, 2011 by Leave a Comment
In today’s Reader Question, a while ago, one of my former colleagues reached out as he was about to embark on a new project : “I’ve moved on to a technology company from manufacturing and enjoying the challenge. Just curious if you have an example of criteria for defining Director or VP roles within any…
To do peer ranking or not to do peer ranking..?
December 4, 2011 by 5 Comments
A recent post from Lance Haun at TLNT covered the results from a survey performed by a corporate networking organisation called ic4p. Titled “As Pay-for-Performance goes up, forced ranking is going down“, in this article Haun makes a good analysis of why the reasons for implementing pay-for-performance matter and make a difference between high performing…
