HRO Today April 2014 - 28

Payroll
Figure 2
Plans for Recruiting and Maintaining High-performing Employees in 2014
Salary ranges per job group are common, but varying
the target market percentile per job group is not. The
majority of companies (79 percent in 2013 and 82 percent
in 2012) use salary ranges to structure compensation
programs, while in 2012 and 2013 only 6 percent use
broad banding (very wide salary ranges covering a
progression of similar jobs).
Bonuses were a popular option for employers in 2013,
with 75 percent of respondents saying they gave variable
pay incentives. In 2012, 71 percent gave bonuses and 70
percent of respondents gave bonuses in 2011. Among
those giving bonuses, the two most likely recipients were
directors and managers (72 percent) and executives (67
percent). In 2013, as in 2010, 2011, and 2012, individual
incentive bonuses were the most common type given,
with about half of all respondents reporting they
awarded them. Respondents favored spot bonuses or
other discretionary bonus programs more in small and
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HRO TODAY MAGAZINE | APRIL 2014
medium-sized companies (37 percent and 41 percent
respectively) than in large-sized companies (35 percent).
Ensuing Optimism
Companies are optimistic about 2014, with 72 percent
expecting their financial situation to improve (66 percent
in 2013), and only 5 percent expecting it to weaken
(7 percent in 2013). That being said, 57 percent of
companies feel employee retention is a high concern or
their top concern in 2014. Organizations are focusing on
offering merit-based pay and learning and development
opportunities to attract and retain quality employees in
2014 (See Figure 2).
Tim Low is vice president of marketing at PayScale. The
Compensation Best Practices survey was conducted in
November and December of 2013 and there were 4,738
respondents among small, mid-sized, and large companies.

HRO Today April 2014

Table of Contents for the Digital Edition of HRO Today April 2014

HRO Today April 2014 - 1
HRO Today April 2014 - 2
HRO Today April 2014 - 3
HRO Today April 2014 - 4
HRO Today April 2014 - 5
HRO Today April 2014 - 6
HRO Today April 2014 - 7
HRO Today April 2014 - 8
HRO Today April 2014 - 9
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HRO Today April 2014 - 11
HRO Today April 2014 - 12
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HRO Today April 2014 - 14
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HRO Today April 2014 - 28
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