A Pay survey or a Salary survey is typically conducted to gauge the organization’s compensation levels with respect to the external environment.   This helps in clearly defining the specific pay for each job. Firstly a benchmark job is identified, the pay scale of the organization is positioned, and the relative worth of all the other jobs are established with respect […]

Peer appraisal is a form of 360 degree feedback and performance appraisal process.  Peers of an individual give feedback for the individual which gives an unique perspective to the work and goal achievement of an individual. While managers and other appraisal systems tend to provide a perspective on targets and goals achieved by an individual, peer appraisal tends to give an perspective […]

Pay compression is the concept in an organization where the employees have more or less a similar salary irrespective of their age, experience, profile etc.  Even those employees who have a better skill set or have been with the company longer, have a slightly higher salary package. The major problem of this phenomenon is increased turnover where the long term […]