Compensation

Sandra Reed
Mind Map by Sandra Reed, updated more than 1 year ago
Sandra Reed
Created by Sandra Reed about 5 years ago
192
34

Description

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

Resource summary

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