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WageWatch provides valuable compensation and salary surveys online across multiple industries and geographic markets to human resource professionals, hiring managers, associations, employers, and other executives at the best price. Our cost-effective online salary and compensation surveys and reports are designed to help employers with hiring employees, employee retention, employee pay and recognition, employee benefits, budget planning, market pricing jobs and salary range decisions.

  • INTERNAL PAY EQUITY COMPLIANCE



    A company's approach to internal pay equity is as important as the actual pay programs it implements. Many factors can impact internal pay equity such as internal increases remaining low while new hires demand salaries that exceed current tenured employees. Organizations should conduct periodic pay equity studies to keep on top of potential pay equity risks and ensure an understanding of the pay s...
  • KEY OBJECTIVES OF A COMPENSATION PROGRAM



    Compensation can be defined as a reward earned by employees in return for their time, skills, effort, and knowledge.  Compensation includes direct financial compensation, such as: Wages Bonus and commissions Indirect financial compensation such as health and welfare, retirement and leave benefits Non-financial compensation such as job training and development Recognition and advance...
  • THE COMPENSATION MODEL



    The compensation discipline seeks to maximize competitive advantage by attracting and retaining the most qualified workers to an employer.  Best practice in today's workplace considers total compensation to include base salary, bonus or incentive plans, benefits, and non-cash compensation. A pay philosophy is a company's commitment to how it values employees. A consistent pay philosophy gives t...

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