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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. PayScale has you covered in our new, 4-part Comp Glossary. Today’s Lesson: A Little Comp 101 Consider the comp pros at PayScale to be an extension of your team!

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Hiring the Wrong Salesperson is a $2-Million Mistake

HR Daily Advisor

It isn’t just a matter of salary and training—it can mean an average of $2 million in lost sales. Typical cost to hire a new salesperson is about $15,000 in hiring costs, plus $20,000 in training, plus an average first-year salary and incentives at $75,000. Looking to build and perfect that 2015 comp plan? Learn More.

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Make Your Compensation Work Across Generations

HR Daily Advisor

Is there someone internally who might be able to fill that position given adequate training? asks Mykkah Herner, Payscale’s Head of Expert Services and one of the report’s authors. What programs do you have in place to train internal staff so you won’t be in the same position again in the future? Learn More.