I often get asked the question, “How much do salary surveys cost?” and I usually reply with a question of my own, “How much do you think it will cost if you don’t use salary surveys?”

What happened to 2013? I cannot believe it is already November! Before we know it everyone will be hosting their holiday parties and we will be watching the ball drop and welcoming in the New Year!

I love fall. The crisp, cool air reminds me of walking to basketball practice in sweatpants and a hoodie, and I get excited! At the time I was just having fun, but looking back I realize how much I learned from sports that can be translated into life and into business. Coaching is one of those things.

I recently started working with a client who has been using employment agreements with the entire employee population. I raised the question as to why they were using employment agreements instead of the traditional offer letter, which has led to discussions about why organizations use employment agreements and when it is appropriate to use them.

It’s budget time! Since labor is usually the highest expense an organization has, it is crucial to take the time to determine your pay budget. If planned properly, pay increases can be a tool to help engage, motivate, and retain top talent. Below are a few things to take into consideration when setting your pay budget: