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How SMBs Can Start Closing the Pay Gap Now

Zenefits

In a new Payscale report , companies pay women whose credentials are comparable to men’s 99 cents on every dollar that their male counterparts receive. The organization tracked how women’s pay data compared to White, non-Hispanic men’s from 1988 to 2020. The data also shows when the pay gap is expected to close. Unvetted platforms.

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How to calculate for pay for remote workforce

HR Digest

That is the direction that the world was moving towards before the Pandemic hit in 2020. A study by payscale, a payroll company, into salary data reveals that remote workers are actually paid more than people who work in an office. It can include a salary benchmark, location, job level, experience, contract, and even the exchange rate.

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6 Reasons Why Salary is the #1 Lever to Attract Talent [+ keep them!]

Ongig

A Fairygodboss study on How 2020 Changed the Job Search Landscape shows: “60% of men and 52% of women viewed financial benefits as the most important factor when looking for and evaluating potential employers and job opportunities.” Be sure to conduct regular salary benchmarking by evaluating your company’s pay standards.

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Six Considerations When Evaluating Your Compensation Strategy

Tandem HR

Benchmark Jobs to Market. Here are some additional tips: When benchmarking to market, compare the position criteria/description versus position title. According to the PayScale 2021 Compensation Best Practices Report , remote work is on the rise and will likely remain a hot benefit to employees after the pandemic ends.

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2023 Compensation Trends Your Org Should Know About

Astron Solutions

Empsight also offered comments about organizations whose STI payouts that were lower in 2022 than in 2021: Performance was good, but not as good during 2020. The practice of benchmarking nonprofit and for-profit executive salaries has become more prevalent in the U.S. The organizations weren’t meeting target criteria.