Getting compensation right is important for every business. Employers know this and work hard to provide fair compensation to their employees, but a compensation strategy should encompass more than just the amounts you pay. There are other practical concerns that can interest employees and should be considered in addition to the raw figures.
When was the last time you looked at how you pay your employees—instead of just how much? What about how often you pay your employees? What about when? Many employers figure out their payroll system once and then only address it again if they have to, whether because of some catastrophic failure or somebody new coming in and asking important questions. Yet there’s no reason why employers should wait; the best time to examine payroll is before a problem arises.