article thumbnail

2022 Was Another Record Year for HR Tech: See 20+ M&A Activities that Shaped the Market

Lighthouse

Last year one of our most popular posts on the blog was a recap of some of the 2021 M&A activities across the HR Tech landscape. We saw some of this in 2021, more in 2022, and we expect it to continue into 2023. This is a way to make legacy technology smarter and more competitive with newer technologies entering the market.

article thumbnail

How to approach pay differences for employees doing remote work

Business Management Daily

By the end of 2021, about 30% of the workforce is expected to work at home at least a few days a week, says Global Workplace Analytics. When establishing salaries for remote staff, you basically have three options, says PayScale: Base pay on employer location. That makes hiring and retaining employees even more competitive.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

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

HRExecutive

According to a February 2021 report from the Economic Policy Institute, 80% of the 9.6 Several resources, including those from Salary.com, Payscale and Glassdoor, can help even the smallest organization get a feel for market rates for certain roles in specific areas.

article thumbnail

How to Improve Retention: 10 Strategies to Support Employees and Reduce Turnover

15Five

In a recent study from the Pew Research Center , 63% of workers who quit a job in 2021 cited low pay as a reason. Sixty-three percent of employees who quit a job in 2021 cited “no opportunities for advancement” as a factor in their decision to quit, according to Pew Research.

article thumbnail

Compensation Planning in 7 Actionable Steps

Analytics in HR

Even so, a recent study by Payscale found that less than 50% of companies have a strategic compensation plan. According to PayScale’s 2021 Compensation Best Practices report , businesses currently have a more challenging time finding and retaining skilled workers than ever before. This is also known as salary benchmarking.

article thumbnail

Gazing Into the Crystal Ball: 2022 Salary Budget Predictions

Astron Solutions

2021 has been a year of surprises in administering employee compensation programs. Among the changes and challenges in 2021 are the following: These factors has led many to rethink past and current compensation strategies as we move into 2022. percent on average in 2022, up from 3 percent in 2021. percent year-over-year.

article thumbnail

A Guide to Payscale Philosophy and Strategy With People Operations

Zenefits

And yes, you could go with Glassdoor, LinkedIn Salary, or Salary.com, but we suggest using Zenefits 2021 Compensation Management Tool to make data-driven decisions about your compensation strategy. The post A Guide to Payscale Philosophy and Strategy With People Operations appeared first on Workest. Username or Email Address.