Explanation:

Compensation has been very much in the news during the past year.  From the fervor over a $15.00 per hour minimum wage to robots coming to take people’s jobs to an accelerating employment market, compensation is on the minds and hearts of just about everyone. Before you can begin to get a handle on any of these issues, you first must have a basic understanding of how employers make compensation decisions.
Like any other aspect of compensation, trends in the current market are impacting the compensation offered for specific positions.