Compensation Pre-Resolution Thoughts

Carefully think through how your current compensation program works — if you can’t answer some simple questions, you should go back to the beginning and make sure you’ve got the fundamentals in place.

FQHC Compensation Resources from Merces

The impending New Year brings the opportunity to start anew, always with the assumption that we are moving on to bigger and better things. Resolutions have to be made on an existing solid foundation, however, or they will end up like the unused gym memberships/equipment, failed diets and similar frustrations likely to occur by mid-January.

When considering how you can improve your organization’s compensation program in 2016, ask yourself the following question:

Can I accurately predict every employee’s pay within 5%, using only our existing program documents and their job description, along with their resume, work history and performance review documents?

No fair peeking at a pay survey — your program needs to have the market data already built in, and you shouldn’t need to crack the book to figure out which grade the job should fall in.

I fear many programs will fail this test, for a variety of…

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About Edmund B. Ura

Edmund B. Ura, MAIR, JD, works with governing boards, executives and human resources staff to develop methodologies for ensuring fair and equitable compensation programs that support achievement of organizations' missions. Contact Ed at ebura@mercesconsulting.com.

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