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PayScale Tools for Today's Comp Pro! Compensation Glossary: Part 1 of 4

Compensation Today

Jenni Marquez, CCP, PayScale Compensation Professional Even the most seasoned HR professional might take a big gulp if approached by their CEO to take charge of anything comp. That’s because, despite being part of the HR department, compensation is like the cool kid at a party. You know, the one you’re afraid to talk to.

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2016 Compensation Budgets Looming: What Industries Support Increases?

Compensation Today

Taylor, PHR, SHRM-CP, PayScale Senior Blogger Only a few short years ago, our nation was in economic turmoil. Organizations didn’t know where to even start creating competitive compensation offerings because of the uncertainty of things. percent, resulting in an annual wage growth of 0.6 percent for the quarter and 0.5

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Developing a Compensation Plan, Step 6: Implementing Your Plan

Compensation Today

This is a lesson from PayScale’s Modern Compensation Planning ecourse. With your compensation plan in hand, it’s now time to take all your preparations and begin to utilize your comp plan. Bring your managers into the know so they can help share compensation information with the employees they supervise. GET A DEMO.

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How Compensation Impacts Your Business

Compensation Today

Hedge Stahm, Marketing Segment Manager, PayScale Human capital is a company’s most important asset. To keep employees engaged and productive, companies must compensate them appropriately—without overpaying them and running the risk of eroding the bottom line. Impact on revenue Compensation is directly tied to your revenue.

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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.

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How to Advance Your Career in HR

HR Digest

They manage employee relations, recruit new employees, train them, and provide benefits. As of 2015, Fortune 500 companies are hiring more HR professionals than ever before. However, many experts recommend combining your education with vocational training and practical experiences. Proven HR Career Tips You Should Consider .

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7 Tips to Increase Pay Transparency in Your Organization

Compensation Today

Transparent pay practices lead to higher satisfaction and lower intent to leave, according to a 2015 PayScale study. With so many compensation data sources available to employees, they are increasingly coming to meetings and interviews equipped with data, expecting to have very open conversations about pay. GET A DEMO.