Salary Adjustment

What is a salary adjustment? A salary adjustment refers to a change in an employee’s base pay. This adjustment can either be an increase or a decrease, but it is most commonly associated with an increase. Pay adjustments can result from numerous circumstances, including promotions, market rate adjustments, cost-of-living increases, and more. Salary adjustment vs.…

Co-Employment

What is co-employment? Co-employment is a business arrangement where two or more entities share employer responsibilities for the same group of employees. This often occurs in a professional employer organization (PEO) co-employment relationship, where a company partners with a PEO to manage HR functions like payroll, benefits, and compliance. Similar setups are often involved in…

Relocation Bonus

Relocation bonus meaning A relocation bonus is a financial incentive employers offer to help cover the expenses employees incur when moving to a new work location. Employers typically provide this type of bonus when they transfer a current employee to a different location or when they hire a new employee from another city, state, or…

Horizontal Organizational Structure 

What is a horizontal organizational structure? A horizontal organizational structure, also known as a flat organizational structure, is a type of business structure with few or no middle management levels between staff and executives. Its simplified management structure typically includes a business owner and one level of managers or leaders, far less than vertical or…

Market Adjustment Raise

What is a market adjustment raise? A market adjustment raise is a salary increase based on industry-wide compensation levels, aiming to match the pay rates of other companies in the industry. Organizations typically provide a market rate adjustment so that salaries are competitive to attract and retain talent. For example, a UX designer may receive…

Boomerang Employees

What are boomerang employees? Boomerang employees are individuals who leave their employer and later return to work for the same company again. They go for various personal or professional reasons, such as family circumstances, professional development, or career change. Boomerang employees may return to their previous position or to a new role within the company.…

Compensable Factors

What are compensable factors? Compensable factors are criteria used to evaluate and determine the salary for a job within an organization. They help create a fair and equitable pay structure by assessing a job’s value compared to others. Key compensable factors include: Compensable factors examples According to the U.S. Department of Labor, the Equal Pay Act…

Home Office Stipend

What is a home office stipend? A home office stipend is an allowance or reimbursement grant by an employer to cover the expenses associated with setting up and maintaining a home office.  Also known as a work-from-home or remote work stipend, this money is intended to help employees who work remotely (either partially or fully…

In Kind Benefits 

What are in-kind benefits? In-kind benefits, also known as benefits in kind (BIK), are non-monetary compensation provided to employees. They are part of an employee’s total compensation package but do not involve direct cash payments. Examples of in-kind benefits include services like health insurance, retirement plans, childcare assistance, and flexible working arrangements.  Mandatory vs. voluntary…

Hiring Freeze

What is a hiring freeze? A hiring freeze is a strategic choice made by an organization to temporarily cease the recruitment and hiring of new employees.  This measure is typically implemented to manage expenses or re-evaluate staffing needs in light of financial limitations, strategic workforce planning, or external economic challenges. Throughout a hiring freeze, any…