Social media giant Facebook has agreed to a $52million court settlement to compensate its content reviewers, after a class-action lawsuit alleged that the employees suffered psychological damages while filtering harmful content uploaded on the site. According to an AFP report, the preliminary settlement was reached in a California court. As per the settlement, the U.S. […]
Tag: compensation benchmarking
Compensation benchmarking, or salary surveys are exercises conducted to identify levels and boundaries related to pay grades for a set of positions. Ideally a benchmarking exercises should be undertaken keeping a sample of comparable companies in related business or businesses employing similar manpower. Ideally, the business size has to be near similar – but we […]
This approach to benchmarking compensation at your workplace can work across business and sectors, industry domains. If undertaken well, and with reasonable thought and effort the benchmark percentiles would be a good guide related to the identified jobs, industry and target companies. They can help in deciding or recommending your teams increments. The approach assumes […]