our paycheck can be a motivator to a certain extent. It is important
to note that when we look at compensation, it is much more than only pay but things such as health
benefits and paid time off.
Some of the considerations companies use surrounding pay can include the following:
1. Instituting a standard process. Many organizations do not have set pay plans, which can result in
unfairness when onboarding (the process of bringing someone “on board” with the company,
including discussion and negotiation of compensation) or offering pay increases. Companies should
make sure the process for receiving pay raises is fair and defensible, so as not to appear to be
2. A pay communication strategy. Many companies work hard to make sure the fair pay process is
communicated to employees. Transparency in the process of how raises are given and then
communicated can help companies retain good employees. 
3. Paid time off (PTO). Companies pay us not only with our salary but also from the time off we
receive. Paid holidays and vacation time might be an example.