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A Guide to Compensation Analysis

Analytics in HR

Compensation analysis is vital to providing fair, equitable compensation. Smart organizations know that providing the right compensation is one of the key pillars to attract and retain the best talent. The purpose of this guide is to provide a basic understanding of compensation analysis and its associated benefits.

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Class Action Pay Transparency Lawsuits On The Rise

Trusaic

Pay transparency is the open sharing of information on compensation with current and prospective employees. It requires employers to provide clear and accessible details about salary ranges and additional compensation, such as benefits and bonuses. Compensation for recovery of back pay is uncapped. What is pay transparency?

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What GE, Accenture, Adobe and Microsoft Have in Common

RecognizeThis!

wrote a couple of posts on Compensation Café about decoupling pay from the performance review process. – More and more companies are turning a critical eye on the traditional annual performance review process as the primary means for employee feedback. This month, Derek Irvine (our chief blogger here on Recognize This!

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Compensation and Benefits

Analytics in HR

What is compensation and benefits? Compensation and benefits refers to the monetary and non-monetary rewards an employee receives from their employer in exchange for their work. Overall compensation is the top factor that job seekers consider when accepting a new job. What is the difference between compensation and benefits?

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How Fortune 500 Companies Do Employee Performance Ratings

Reflektive

Adobe no longer uses formal ratings, questionnaires, or written reviews. Since making these changes, Adobe has seen a 30% reduction in voluntary employee turnover, and involuntary departures have actually increased by 50%. Peer feedback is no longer anonymous, and 360 reviews are separate from compensation discussions.

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5 Recruiting Strategies to Win the War for Talent

Cornerstone On Demand

Firms like Adobe, Accenture and Deloitte have all abolished this time-tested practice in exchange for project- and experience-based performance management with managers giving consistent, real-time feedback as more of a mentor or coach. it's the total compensation package that will bring them on board.

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Conduct a Pay Equity Analysis This Equal Pay Day

Trusaic

Employers should consider partnering with an organization experienced in pay data and analytics to conduct an audit of their current compensation structure. Many organizations, such as Starbucks , Apple , Salesforce , Intel , and Adobe are working to achieve equal pay.

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