Category Archives: Compensation and Benefits

10 Reasons why your organisation needs a pay structure

A pay structure is a series of grades showing each grade’s minimum, midpoint, and maximum salary. What anchors the pay structure is that jobs have been adequately evaluated and put in grades. The grades show the relative value of jobs to the organisation.  A pay structure can be developed based results of a job evaluation.

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What You Need to Know About Employee Financial Wellness

What You Need to Know About Employee Financial Wellness

Introduction Financial wellness is something that everyone strives to achieve. Being in a position close to financial freedom can alleviate many stresses that may come tied with financial burdens. With the growing need for everyday living, financial wellness is not as easy as it was before. Student debt is growing and the cost of living

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Best practices when paying Non-Executive Directors fees

Best practices when paying Non-Executive Directors fees

Deciding what to pay Non-Executive Directors is not an easy task. The Executive Management and remuneration committee members need to be careful when recommending NEDs fees. The likely impact of paying your Non-Executive Directors below general market practices is that they will rarely commit themselves to the business of the organisation. The dilemma is that

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How to negotiate for a salary when offered a job

How to negotiate for a salary when offered a job

Getting a new job is exciting. Most people become stuck when they are asked to come and negotiate a salary package. Most people are unprepared to negotiate for a pay package even if they are on a job hunt.  Once you get a job offer here are some of the hints you need to take

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Cost Of Living Expenses

IPC Cost Of Living Expenses Report October 2019 FREE DOWNLOAD!!!

The income for executive levels surpasses their estimated basic living costs by $12,675 per month. With that amount left after basic living costs, they remain in the best position of their households. The NEC employee does not meet a basic standard of living. The gap between the NEC employee’s income and expenditure means they will

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