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Banking Industry Plans to Increase Hiring, Salaries in 2018

HR Daily Advisor

The labor market is tightening and turnover is increasing, but banks are planning to grow employment, according to data from the Crowe Horwath LLP 2017 Bank Compensation and Benefits Survey. The survey, which compiled data from 375 banks, also shows salary and bonus benchmarks for 263 job positions.

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Salary History Bans Will Lead to Pay Equity

Trusaic

Past salaries can often influence what an organization may pay in salary when hiring someone, which can affect job compensation over the long term. An example of this impact is found in a Goldman Sachs study from 2018. The study compared the compensation of a college-educated man and a college-educated woman.

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How Canada Can Tackle the Gender Wage Gap

Visier

A wage gap also increases the likelihood that women will be living in poverty, both during their work years and in retirement. Compensation practices can significantly contribute to workplace gender inequality. Many of these initiatives have already been introduced in countries such as Germany, Britain, Switzerland and Australia.

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Creating a comprehensive benefits package to attract and retain top talent

PeopleStrategy

A late 2018 study conducted by The Harris Poll on behalf of the American Institute of CPAs found that 80% of those surveyed would likely choose a job with solid benefits over a position with a more generous salary but no benefits. Benchmarking your benefit offerings. While salary is still important (we all have bills to pay!),

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What You Need to Know about 401(k) Plans and Cryptocurrency

Zenefits

When looking to differentiate their compensation packages and attract top talent, many HR managers and business owners are asking themselves a question that would have been laughed at 5 years ago: Should your 401(k) plan offer cryptocurrency investments? Since 2018, there has been a 237% increase in individuals owning Bitcoin.

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How to Use an Employee Value Proposition (EVP) to Attract Top Talent

SumTotal

Rewards : What sort of compensation is on offer? A 2018 poll of 12 Fortune 500 companies found that 59% of employers neglect to provide information on why employees would want to work for them. The current competitive marketplace means changing salary benchmarks. Work : Will my new role facilitate a work-life balance?

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How to Save Your Company from Unhealthy Turnover and Optimize Retention

Bonusly

In 2018, over 40 million people quit their jobs in the US compared to just 30 million in 2014. Most companies distinguish between voluntary and involuntary separations, and often will separate out retirements because employers tend to have less control over whether employees retire than whether they leave for another employer.