With the recent push to increase minimum wage, employers need to think strategically to avoid creating pay compression within their organizations.
Effective January 1, 2021, NJ’s general minimum wage will increase by $1.00 to $12.00 an hour.
Successful pay for performance programs work when organizational goals are drivers to motivate individual and/or group accomplishments.
Since its inception in 1989, Compensation Resources has served emerging and midsized corporations, as well as Fortune 500 corporations with creative and pragmatic solutions to meet a variety of business needs. The programs we develop often have as their overriding goal the need to attract, retain and reward outstanding talent. Combining a commitment to practical approaches with a dedication to quality, CR has earned a reputation for providing sound business advice to its clients with creativity, resourcefulness and professional accountability in all areas of service. Click here to read our corporate brochure.
CR’s Training Institute provides customized and comprehensive training programs in compensation and related human resources areas to help you manage your compensation plans and processes. Our training professionals can provide you with appropriate guidance and education to help your company achieve its compensation objectives and business strategy.