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Why Is It So Important to Communicate Total Rewards?

HRsoft

While compensation may indeed only be one piece of what works to attract and retain employees, it is quite a significant piece. In order for employees to understand their value in the organization and the fairness with which you’re compensating them, you must become transparent about rewards. Employees are Dissatisfied.

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PayScale Gender Wage Study Extracts Unexpected Industry Disparity

Compensation Today

Indeed, despite all the buzz around sexism in Silicon valley, new PayScale research shows that it is actually the Oil & Gas industry where the largest gender wage gap exists. The gender disparity doesn’t end with compensation. PayScale study shows the largest #gender #wage gap is in the #oil and #gas industry!

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Seasonal Hiring Steady for 2015 Holiday Season, but is Pay Spiraling Downward?

Compensation Today

Taylor, PHR, SHRM-CP, PayScale Senior Blogger This time of year always sees an increase in hiring additional people to cover the busy holiday season, at least on a temporary basis. You’ll note that from this survey, seasonal hourly pay is down significantly from 2014, and for a number of reasons. per hour, which is down from $17.50

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PayScale Index shows wilting wages for STEM jobs

Compensation Today

According to the new PayScale Index , wages for previously hot performing STEM (science, technology, engineering, math) jobs grew just 1.0% This slow-down is more of a reflection of STEM’s hot streak growth in 2014, versus a testament to the decline of the industry. Want to see the full compensation trend report?

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Will Compensation Remain Stagnant or Grow for 2015?

Compensation Today

Taylor, PHR, SHRM-CP, PayScale Senior Blogger The latest PayScale Index data indicates a dismal 0.4 The question remains, will compensation increases remain slow to no-go for the remaining quarter of the year? Many employers are also in the middle of their fiscal years, planning annual recruitment and compensation budgets.

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Using Compensation Planning to Improve Engagement & Retention

HRsoft

One such strategy is effective compensation planning. How Can Compensation Planning Help Improve Engagement & Retention? In response to that, about 63% of the companies have referenced retention as top focus of compensation and more than half of the companies that were surveyed use some form of pay-for-performance strategy.

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Walmart $1 Billion Investment Reaffirms Importance of Total Compensation

Compensation Today

By Tess Taylor, PayScale Senior Blogger and Mykkah Herner, PayScale Director of Compensation Everywhere you turn, there’s more news about big companies like Target, McDonald’s and TJ Maxx raising the minimum wage. But as any savvy professional knows, wages are only a piece of the total compensation puzzle.