Compensation News and Trends

Reduction in Salary Adjustments Anticipated for 2024

Reduction in Salary Adjustments Anticipated for 2024 The 2023 Croner Salary Budget Survey revealed that budgeted salary increases in 2023 are consistent at last year’s forecasted increase.  However, budgeted salary adjustments for next year are expected to decrease. The findings as August 2023 concluded that among all Croner survey participants [...]

If You Think Related Industries Pay Alike, Think Again

As businesses seek new ventures, entering a related industry seems natural. Similarities should make it easier to attract and retain talent. Right? Unfortunately, the rules you know governing compensation may not apply. To create pay practices that resonate, you must understand the new business, its roles and unique competitive characteristics. For five strategies to better understand industry-specific compensation READ MORE…

Steady Growth in Pay for Animation and Visual Effects Salaries in the U.S. and Canada

The recently published results of the 2023 Croner Animation and Visual Effects Survey shows noteworthy trends in compensation from the past year for animation and visual effects salaries from leading companies in the industry. Croner’s annual report provides in-depth market data for jobs specific to the producing animation and visual [...]

Geographic-Based Pay: Is It Right for Your Company?

With the worst of the pandemic over, employers realize that many workers who relocated during COVID aren’t returning. If your company suspended location-based pay during the uncertainty of the pandemic, it’s time to reinstate the policy. For tips on deciding whether and how to implement geographic pay differentials READ MORE…

Turn Pay Transparency Into a Competitive Advantage

You’ve done the heavy lifting to comply with pay transparency laws. It’s time to reap the rewards. Embedding transparency into your compensation philosophy, adding context to pay ranges and implementing a strategy for communicating them can result in a competitive advantage for your company. The Croner Company outlines five steps for turning pay transparency into a competitive advantage. READ MORE…