Your Compensation Structure

Compensation issues don't end when you hire an employee. The issues are simply different in an ongoing employment relationship.

Providing competitive pay. Keeping your compensation package competitive and up-to-date.
Linking pay to performance. Using compensation to reward employees for doing a good job, by adopting a policy that ties the amount of a raise to an employee’s performance.
Pay compression. Dealing with the common problem of pay compression, when due to inflation, the long-time employees' salaries did not keep pace with the starting salaries of today.