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Boese: 3 HR technologies that can help employers struggling to hire

HRExecutive

Job losses starting in spring 2020 were concentrated among the lowest earners. million net jobs lost in 2020 were held by workers in the bottom 25% of the wage distribution. See also: What COVID means to compensation First, they must understand how their comp packages stand up in the market.

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Compensation Challenges in 2022: Brace for Turbulence

Astron Solutions

We are facing an interesting time in compensation. The events of 2020 and 2021 have left a mark on how both employers and employees view work. In this Astronology® we will review some of the factors in play with the current compensation upheaval. Navigating Compensation Challenges in 2022: Three Tips.

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Six Considerations When Evaluating Your Compensation Strategy

Tandem HR

While compensation is only one factor for recruiting and retaining talent, it is critical to your overall HR strategy. Whether initiating or updating your compensation strategy and philosophy, the following best practices may help guide your process and decisions. This essential business asset deserves a well-crafted strategy.

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Confronting the Pay Equity Gap: Identifying and Resolving Issues of Unequal Pay

Decusoft

But when there’s a bias or even discrimination in compensation practices, there’s a disruption of the talent pool that can lead to disengagement, lower productivity and financial losses. Pay equity is the idea that employees will be compensated at the same level when they perform the same or similar jobs.

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Should I Give Employees a Total Compensation Statement?

Zenefits

A growing number of employers are giving their employees total compensation statements, also known as total rewards statements. What is a total compensation statement? A total compensation statement is a document that shows an employee’s total compensation /rewards for the year. Salary, or hourly wages. 401(k) plan.

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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. Getting pay right for remote workers requires a thoughtful and well-articulated approach to compensation To get a fair compensation package for remote workers, certain factors must be considered. The future of work is remote.

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How HR can help leaders prepare for the ‘unimaginable’

HRExecutive

In line with her career-long interest in D&I, PayScale in August published a report called How to Pay Remote Workers, which suggests that remote work could foster more diversity and help close racial and gender pay gaps even after the COVID-19 threat has passed. “I couldn’t see that visibility of their performance.