Newsletter Archives

Every practice makes pay decisions differently. What do you know about the rationale behind how those decisions are made where you work?

If you’ve never said it, you’ve heard it from someone else. It sounds like such a reasonable question. You calculate the ‘worth’ of things all the time. Why can’t someone do that for a job?

If there was a Question Hall of Fame, this one would be in it. Sometimes you’d like to know before comp conversations begin. Sometimes you need to know if the offer isn’t what you thought it would be.

Compensation tells the story to your employees about how you value them. That makes it uncomfortable talking with employees about their pay because there are so many ways those conversations can [...]

It can start with that vague feeling that you should be making more money. You may phone friends in other BV/LS practices to talk to a recruiter to find the evidence to support your thinking. [...]

You don’t need BV comp data very often. However, when you need it to attract and retain top talent, you need it. Why can’t you find it?

There is no escaping the fact that employees are motivated by money. You might think the higher the wage increase, the greater the job satisfaction. A pair of economists say maybe not.

You know the number we’re talking about. It’s the one you have in your head that you’re prepared to give when the interviewer asks about your expectations. But, where did you get it? Moreover, [...]

No matter how happy you feel where you are, it’s normal to be curious about what else is out there. In fact, making smart career decisions almost demands that you know what else is out there.

Sooner or later, the time for annual reviews and raises rolls around. Everyone wants to be paid more. But, expecting that will happen simply because you’ve been there another year is a recipe for [...]