Announcements, News and Useful Intelligence
From The Croner Company
Reduction in Salary Adjustments for 2024 and 2025
The recent 2024 Croner Salary Budget Survey revealed that budgeted salary increases in 2024 are lower than last year and companies expect to [...]
Current Trends in Pay for Animation and Visual Effects Jobs in the U.S. and Canada
Noteworthy trends in compensation from the past year among leading companies in the industry include [...]
10 Tips for Developing a Robust Job Architecture
Defining an accurate job architecture or catalog requires input from disparate, sometimes rival stakeholders within an organization. Your compensation team is ideal to manage this effort. It understands the existing titles and salary structures that serve as your launch point, and it has relationships with those needed to secure buy-in. To discover critical steps in building the architecture and associated market benchmarks and ranges, read on [...]
The Value of Compensation Survey Data
The challenges of working with AI aggregated data and of publicly available salary data, as opposed to using robust compensation survey data, is that they provide only part of the compensation picture and may not reflect information that aligns with your company's overall approach to [...]
Why Job Architecture Matters
Are you contemplating a new HRIS? Seeking consistency in career progression? Grappling with pay equity and transparency? It may be time to review your organization's job architecture. To discover how a robust job architecture can benefit your company, read on [...]
Exploring the Importance of Performance Management in Challenging Times
As the economy faces challenges, focus on performance management has intensified. From the business perspective, more attention is being paid to performance to ensure that all employees are contributing during leaner times. From the employee perspective [...]
Staying Competitive for Hiring: Data-Driven Decisions Make an Impact
In today's dynamic and competitive marketplace, staying competitive for hiring requires more than just intuition; it requires data-driven decision-making. The Croner Company offers an invaluable resource that could significantly impact your business strategy: industry-specific compensation surveys. A compensation survey offers extensive market analysis, enabling companies to fine-tune their compensation strategies [...]
Geographic Pay Differentials & Remote Work
As permanent remote work becomes more entrenched, the use of geographic pay differentials is gaining traction. C2HR’s Annual Compensation Surveys have long revealed that geographic-based pay is well established among connectivity companies. Content developers are now also offering pay differentials…but gaining employee acceptance can be [...]
Why Participate In a Compensation Survey?
Industry-specific compensation information provides a clear competitive advantage to employers. With validated market data in hand, you won’t overpay new recruits to remain competitive. Decisions about pay can be made based on actual market rates – rather than anecdotal or self-reported [...]
HR Learning Series: Industry-Specific Compensation Benchmarks & Trends – Live Webinar
C2HR Content & Connectivity Human Resources HR Learning Series: Industry-Specific Compensation Benchmarks & Trends Live Webinar on March 14, 2024 at 2:00 ET Compensation continues to be in the spotlight as pressure to ensure pay equity and the implementation of pay transparency laws continues. In several states, employers can no [...]
Connectivity Providers and Content Developers Balance Increasing Employee Pay While Remaining Disciplined Financially
Lower bonuses for connectivity providers and content developers reflect an overall desire to have stronger base salaries in order for talent to have the security of guaranteed compensation. It is a balancing act for companies as they continue to prioritize pay equity and pay transparency while still facing economic headwinds. [...]
Does Participation in a Compensation Survey Make Sense for Your Company?
Why participate in a compensation survey? Compensation survey results provide defensible data for market practices for all components of the pay proposition, including base salaries, bonuses, equity awards and sales incentives. Compensation survey results provide insight for how to attract and retain valued skills and employees in competitive markets, including [...]