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Nuances of Nonprofit Compensation: 2017 Compensation Best Practices

Compensation Today

As a grantmaking foundation, if we didn’t have cash, not only could we not pay our operating and payroll expenses, we couldn’t do our core work. We have gathered compensation best practices from the more than 400 respondents to the PayScale Compensation Best Practices Report who are in the nonprofit industry. Click To Tweet.

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Get Me a Compensation Strategy, STAT!

Compensation Today

PayScale’s 2017 Compensation Best Practices Report (CBPR) found that just 37 percent of all organizations have a comp strategy. Your comp strategy will determine the cut of comp data you use to price your jobs as well as your target percentile. We will use the 50 th percentile as the target for employee pay. Click To Tweet.

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The State of Manufacturing

Compensation Today

Early in my career at PayScale, I worked with a manufacturing company that had recently done some merging. and another three in Canada, each on their own HRIS systems and even worse, each on their own payroll systems. In fact, they had four different regions in the U.S. Learn More About Our Compensation Software. GET A DEMO.

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What is a total compensation statement & how does it provide value?

Genesis HR Solutions

This includes gross wages and extra financial compensation, such as bonuses or commissions, as well as the employer-paid portion of retirement plan contributions, insurance premiums, and paid time off benefits. Processing payroll doesn’t have to be complicated or expensive—but if you’re doing it the wrong way, it can be both.

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5 Ways to Handle Compensation Like a Top-Performing Company

HR Daily Advisor

Top employers have strategies in place and keep up with market data, among other things, experts said during a recent Payscale webinar, How to Do Comp Like Top-Performing Companies. Top-performing companies are more likely to have grades and ranges for pay and are more likely to have updated them within the past year, Payscale found.

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Total Compensation Update: Mandatory Paid Sick Leave for Contractors

Compensation Today

Taylor, PHR, SHRM-CP, PayScale Senior Blogger Last month, President Barack Obama signed an executive order granting paid sick leave to federal contractors and subcontractors. Companies that hire federal contractors must work to establish a clearly written policy that’s fair to non-contract employees as well. What do you think?

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Taking On Banks Over Gender Pay

HRExecutive

Now, said Lamb in the teleconference, her firm is going after six top banks and credit-card companies that it has financial stakes in — Wells Fargo, Citigroup, Bank of America, JP Morgan, MasterCard and American Express — to pressure them to do the same by officially considering its proposal in this year’s annual proxy statement.