Welcome to the February/March 2008 "CompOutlook" Newsletter
brought to you by CompAnalysis
 

About CompAnalysis

Salaries and wages are typically one of an organization’s largest costs, making the sound strategic management of compensation critical for success. That’s why, as pay experts, our firm delivers results that directly affect your bottom line. For 28 years, Oakland-based CompAnalysis has helped over 750 clients to design, create and implement pay plans that are competitive, equitable, legally defensible, motivational and cost-effective.

Our team specializes in developing strategic compensation plans, innovative performance management solutions including pay for performance, and comprehensive labor market research and analysis. Learn more about our firm and how we can help you achieve your goals at www.compensation.com.

 
 

Data Sampler

Turnover Rates: In response to many questions from clients about employee turnover statistics, we added a turnover section to our 2007 Greater San Francisco Bay Area Compensation Survey.  It covers both voluntary and involuntary turnover at various responsibility levels.

 
 

Update Your Salary Structure for 2008

by Abby Orellana, Associate Consultant

The beginning of the year is a time to look at updating your salary structure in order to maintain market competitiveness. Have you updated your structure yet for 2008?

Click here to read more.

 
 

CompAnalysis to Survey Nonprofit Development Jobs

Are you a nonprofit manager wondering what to pay your development staff? Due to current shortages of qualified fundraising professionals in the Bay Area, salaries are skyrocketing. CompAnalysis is responding to many inquiries by our clients by conducting a survey of this profession for local nonprofit organizations.

Participants will enter data into our customized website and receive the results free of charge. Look for more information soon via email or at www.salarysurveys.com.

 

Employee Engagement – and Productivity

A recent Gallup Management Journal study looked at employee engagement, classifying workers into three categories:

  • Engaged: Passionate about their work, strongly connected to their organization
  • Not engaged: "Checked out" – putting in time but not energy
  • Actively disengaged: Unhappy, undermining efforts of co-workers

The study revealed that, in the typical organization, only 29% of employees are fully engaged, 56% are not engaged, and 15% are actively disengaged, with an estimated cost of over $300 million annually in lost productivity. It is the engaged employees who can be counted on to bring creative ideas to their workplaces, support their colleagues, respond to customers’ needs, and drive innovation.

Click here to read more.

 
 

Gather Data to Support and Strengthen Your Pay Plans

by Lisa Norris, Senior Consultant

Every employer needs to make pay decisions when adjusting salaries.  How these decisions are made has a direct impact on an organization’s ability to:

  • Attract and keep effective employees,
  • Avoid costly and damaging litigation,
  • Motivate employees to produce outstanding results, and
  • Spend its payroll dollars cost-effectively.

Click here to read more.

Plan Ahead for the 2008 CompAnalysis Compensation Survey

With the 2008 Greater San Francisco Bay Area Compensation Survey around the corner, we are considering a number of additions to the survey and are asking for feedback from all recent participants and purchasers. A similar effort last year resulted in highly positive rating for each of the 14 criteria listed, from ease of data entry to usefulness of the survey report.

Click here to read more.

Staff Profile: Lisa Norris, Senior Consultant

We are pleased to announce that, with the addition of Senior Consultant Lisa Norris to the CompAnalysis staff, we have expanded our services in the area of general human resources consulting. Lisa comes to us with a strong background in financial and human resources management. She has served as a senior human resources executive in a number of industries, including higher education, publishing, and oil and gas exploration.

Click here to read more.

 
 
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Phone: 510-763-3774