Navel-gazing on salaries, bonuses

Internal compensation reviews provide clarity, equity, direction
By Sarah Dobson
|Canadian HR Reporter|Last Updated: 10/18/2010

Coming out of the recession, companies may find themselves with a less-than-desirable compensation structure. With sporadic, deferred or non-existent pay increases and changes to variable pay, there’s a good chance some employee groups are overpaid or underpaid, or roles have changed significantly and compensation could need some adjustment to match.

“That has made for kind of a patchwork quilt right now because people are all over the place,” says Gail Evans, president of management consulting firm The Wynford Group in Calgary.

As a result, it’s a good time to conduct an internal salary review to be in a better position for recovery and growth.