The 5 Key Comp Trends for 2011
Wudyka, who is founder and managing principal of Westminster Associates, a Wrentham, MA based, full-service HR and compensation consultancy, forecast the following trends at a recent webinar sponsored...
View ArticleWhere’s My Raise?—How to Handle Tough Pay Conversations
Teresa Murphy and David Wudyka have some ideas about how to make those conversations go a little better. Murphy is the principal consultant for HR Partner Advantage, an HR advisory firm based in...
View ArticleHow to Prevent or Fix Demoralizing Pay Compression Inequities
Inevitably, Wudyka says, when I evaluate organizations’ compensation, there is pay compression somewhere in some range or grade. Wudyka is managing principal of Westminster Associates in Wrentham,...
View ArticleImplementing Pay Grades and Ranges: Common Pay Structure Issues
You also may find yourself facing employees who don’t fit into the standard pay grades for one reason or another or who have maxed out at their existing pay grade. You may even have an employee who is...
View ArticleSmart Compensation Strategies for Small Employers: How to Maximize Your Budget
What’s Different About “Small Business”? When it comes to running compensation, small business have several challenges, says Wudyka, who is managing principal of Westminster Associates in Wrentham,...
View ArticleExecutive Compensation 101: Key Terminology
This will help you understand the key elements that every good executive compensation program includes, and ensure you’re knowledgeable about the broad strategies and concepts involved with designing...
View ArticleShould Incentive Plans Be a Component of Your Compensation Program?
In a BLR webinar titled “Smart Compensation Strategies for Small Employers: How to Maximize Your Budget and Reduce Legal Risks,” David J. Wudyka outlined some tips on implementing effective incentive...
View ArticlePerks More Cost-Effective than Pay Raises for Tech Workers
For many employers, he says, perks and benefits—from healthcare to club membership to financial advising to concierge service— offer the greatest room for growth and the most flexibility for use as...
View ArticleCompensating Tech Workers—Best Practices for Retention
It’s challenging to reward tech workers, says consultant David Wudyka, but you have to find a way to do it or you’ll lose them. Wudyka is the founder and managing principal of Westminster Associates, a...
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Where to Get Pay Survey Data
Pay surveys are an important tool for developing and maintaining pay plans that fairly reward employees without breaking the bank. But where should the information come from? Should it be gathered by...
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What Does it Mean to be Competitive with Employee Pay?
Many jobs today – and perhaps some your company has posted – list the pay as "competitive." But what does that mean? "Human resource professionals really do have a consistent, conventional idea as to...
View ArticleImplementing Pay Grades and Ranges: Common Pay Structure Issues
Do you use pay grades? If you’re just starting to implement such a system, you may be confused about where to even begin. You also may find yourself facing employees who don’t fit into the standard pay...
View ArticleWhat Does It Mean to be ‘Competitive’ with Employee Pay?
Many jobs today—and perhaps some your company has posted—list the pay as “competitive.” But what does that mean, exactly? "Human resource professionals really do have a consistent, conventional idea as...
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