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2017-01-11T00:00:00.000Z

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Wrong Joseph Kilmartin?

Mr. Joseph B. Kilmartin Jr.

Director of Compensation

Salary.com Inc

Direct Phone: (781) ***-****       

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Salary.com Inc

160 Gould Street

Needham, Massachusetts 02494

United States

Company Description

Salary.com (NASDAQ: SLRY) is a leading provider of on-demand compensation management solutions helping businesses and individuals manage pay and performance. Salary.com provides companies of all sizes with comprehensive on-demand software applications tha ... more

Find other employees at this company (213)

Background Information

Employment History

Senior Consultant

Watson Wyatt Worldwide, Inc.

Director, Human Resources Operations

The Yankee Candle Company Inc

Affiliations

Member
WorldatWork

Member
Society for Human Resource Management

Member
Society for Human Resource Management

Education

B.A.

History

Amherst

Web References (4 Total References)


Salary.com: Compensation Team

hudson.salary.com [cached]

Joseph B. Kilmartin, Jr., CCP Director of Compensation Joseph Kilmartin has over 27 years of compensation experience in consulting and corporate environments. He heads up Salary.com's proprietary research team and provides customer support to our corporate customer base.

Kilmartin was a senior consultant for Watson Wyatt, working in the firm's Boston, Philadelphia and San Juan, Puerto Rico offices. He led the company's Human Resources consulting practice for Puerto Rico and the Caribbean region. During his consulting career, he has consulted in virtually all industry segments, including financial services, healthcare, insurance, manufacturing, pharmaceutical, education, utilities, not-for-profits and government agencies. Kilmartin has also held Human Resources senior management and executive leadership positions at Wang Laboratories, GMAC Residential, and Danka Office Imaging.
Early in his consulting career, Kilmartin worked at Cole Surveys, which was at that time, publisher of one of the country's leading compensation surveys for the financial services industry. Since then, he has designed and conducted numerous compensation and benefits surveys for client sponsors. Kilmartin is a member of the Society for Human Resource Management and WorldatWork. He is a Certified Compensation Professional and a recipient of WorldatWork's Lifetime Achievement Award.


Innovative Employee Solutions - Knowledge & Resources - Employee Compensation

www.innovativeemployeesolutions.com [cached]

While there is no steadfast formula to determine employee pay, Joseph Kilmartin, Director of Compensation at Salary.com, shared his thoughts on what employers should consider when determining compensation rates.

According to Kilmartin employers need to look past compensation alone and focus on the total rewards the position offers, which includes salary plus bonuses, benefits, paid time off and other non-monetary incentives. Most employers assume that more money will keep employees happy when job satisfaction goes beyond compensation and shows a clear connection between the working environment, peer and supervisor relationships, and support. In Kilmartin's experience most employees don't leave a company based on salary alone. Rather, according to his data employees will only be prompted to leave their current position if they're offered an increase of at least 10% and other incentives elsewhere.
...
According to Kilmartin, the average annual raise that employees will receive in 2006 is 3.7%. He emphasizes the importance of giving increases based on pay for performance, rather than just giving a cost-of-living adjustment. In the perfect world, exceptional workers would be rewarded with increases that are at least 5% more than those received by the average employee.
Kilmartin suggests evaluating your pay rates at a minimum of every other year to ensure that you're competitive in the market. To make it manageable he recommends looking at 50% of jobs in year one and the remaining 50% of jobs in year two. However, if you're experiencing extremely high turnover he advises reviewing the data more frequently.


"When they were looking ahead to ...

jhstaffing.haleymail.com [cached]

"When they were looking ahead to 2009, employers planned salary increases of around 3.9 percent, but they gave increases of only 2.1%," said Joseph Kilmartin, managing director of compensation consulting at Salary.com.


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