Hoops

APRIL 29, 2025

In today’s business climate, competitive salary benchmarking isn’t just a hiring tactic it’s a strategic lever for growth, retention, and operational efficiency. In this guide, we’ll walk you through 7 essential steps to master salary benchmarking and strengthen your workforce planning strategy.

Workforce Planning 162

Workforce Planning Benchmarking Planning Tools Hiring Software 162

HR Shelf

SEPTEMBER 4, 2023

This is where salary benchmarking comes in, enabling businesses to gauge their own salaries and benefits against competitors within their industry and across the broader market. However, first of all we need to know how salary benchmarking works ? How does salary benchmarking work? Why is salary benchmarking important?

Benchmarking 52

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AIHR

JUNE 22, 2022

Successful compensation analysts apply skills and competencies like business and financial acumen, strong data literacy, including qualitative and quantitative research methods and analysis, and knowledge of HR policies. Preparing and presenting reports of job and compensation analysis. According to the U.S Skills and qualifications.

Compensation 98

Compensation HR Planning Interview Software HR Software 98

AIHR

NOVEMBER 1, 2022

Job analysis. Tasks may include: Managing compensation records Benchmarking of compensation Handling annual performance reviews. Meanwhile, on Payscale , the average annual salary of HR specialists in Chicago is $57,071, while their New York HR specialist colleagues receive $64,890 annually. for training.

HR Planning 139

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AIHR

MARCH 7, 2022

In order to find out what the current market looks like and where you stand, there are a bunch of resources that you can tap into, such as Payscale, LinkedIn Salary, Glassdoor, The US Bureau of Labor Statistics, and salary and benefits information on competitors’ job postings. Conducting a pay equity analysis.

Compensation 98

Compensation COMPAS Background screening HR Planning 98

PlanSource

APRIL 8, 2019

Gallagher’s Best-in-Class Benchmarking Analysis found similarities in employee benefits management across both midsize and large employers. Payscale, 2019. Workers say they would swap a pay increase for more meaningful work or a more understanding boss, but money remains the ultimate motivator for most people. Sign Me Up!

HR Planning 15

HR Planning Employment Law Payscale Conference 15

Compensation Today

SEPTEMBER 7, 2016

I’m thrilled to be joining some of my PayScale colleagues in presenting at Compference 16 next week, where I’ll be partnering with Kaylyn Messer, Senior Customer Success Manager, to talk about understanding and using our salary data reports. Learn to utilize all of the #PayScale products at #Compference16! Click To Tweet.

Report 40

Report Payscale Benchmarking Data 40

Compensation Today

SEPTEMBER 25, 2015

Ashley Adair, PHR SHRM-CP, Benchmarking Team Lead at PayScale Whether we want to admit it or not, compensation is emotional. See how PayScale can help. Ashley joined PayScale in 2012 and currently manages our Benchmarking department responsible for the job matching and market analysis reports for all 3,400 of our customers!

Payscale 40

Payscale Benchmarking Compensation Analysis 40

Compensation Today

SEPTEMBER 23, 2015

Rita Patterson, Onboarding Team Lead, PayScale Creating a comp plan is like cleaning your house. Don’t expect yourself to handle job analysis, market benchmarking, comp structure creation, and raise recommendations all in one fell swoop. Start with a needs analysis: How would our organization benefit from a strategic comp plan?

Payscale 40

Payscale How To Analysis Benchmarking 40

Compensation Cafe

APRIL 18, 2016

One of the common questions I hear from clients centers on how well their people practices and budgets compare to industry benchmarks and groups of top-performers. Research from the firm PayScale may help to answer at least some of those questions, with their annual analysis of compensation trends and activity.

Bonuses and Incentives 40

Bonuses and Incentives Benchmarking Payscale Compensation 40

AIHR

DECEMBER 15, 2023

Follow that with a skills gap analysis to discover potential skills shortages and employee growth opportunities. Level 5: Return on investment – Make the link between the training and improved business results using calculations such as a cost-benefit analysis.

Compliance Training 98

Compliance Training Assessment Software Hiring Software Planning Tools 98

Compensation Today

AUGUST 5, 2015

By Jenni Marquez, CCP, PayScale Compensation Professional In our never-ending quest to keep human resource and compensation managers informed and educated about compensation best practices, here is our second part in our two-part series on Building Salary Ranges for Beginners. Please post your thoughts and questions here!

Payscale 40

Payscale HR Planning Compensation Background screening 40

Peoplebox

MARCH 12, 2025

PredictiveHR AI for Employee Retention and Turnover Analysis 23. PayScale AI for Salary Benchmarking 33. Key Features: Advanced diversity filters, intuitive talent search dashboard, and real-time skill analysis. Key Features: AI-driven burnout detection, real-time risk analysis, personalized intervention recommendations.

HR Software 52

HR Software Hiring Software Onboarding Software Assessment Software 52

Digital HR Tech

NOVEMBER 11, 2019

A Payscale study gives some insight into the influence of salary. Of course, because compensation and benefits can vary across companies and geographic regions, it’s important to benchmark your programs to ensure you’re maximizing the benefits from your programs. How do HR Departments calculate compensation and benefits?

Compensation 110

Compensation COMPAS HR Planning Retention and Turnover 110

AIHR

FEBRUARY 27, 2024

As such, it usually includes: Learning and development Compensation management Succession planning Industry data and benchmarks Advanced data & analytics Business intelligence Bear in mind that the exact features and functionalities of an HRIS, HRMS, and HCM differ per provider. is around $90,000.

HR Software 98

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AIHR

OCTOBER 27, 2023

Their salary benchmarks are set at the 50th percentile of San Francisco market data. For example: Find out where you sit in the current market by using resources like Payscale and Glassdoor. Conduct a pay equity analysis each year to pinpoint any disparities. There are many steps you can take to address these.

Compensation 116

Compensation Wage and Hour Training COMPAS Bonuses and Incentives 116

Compensation Today

MARCH 3, 2017

Ensure that jobs are benchmarked accurately, and understand where comparable employees are paid in the range for that role, as well as how their experience, degrees, certifications and expertise have impacted that pay. Be honest and don’t shy away from the problem. How do you do the same?

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Sexual Harassment Harassment Payscale Compliance Training 40

Ongig

SEPTEMBER 11, 2024

Robust data analysis features empower recruiters to make sense of collected information and act on it accordingly. User-friendly communication tools empower recruiters by letting them speak one-on-one with applicants, explaining everything from corporate perks to payscale details.

Recruiting Software 52

Recruiting Software AI Recruiting Hiring Software HR Software 52

AIHR

JULY 31, 2023

Meanwhile, PayScale reports the average annual salary of HR Generalists to be $73,207 in New York and $61,899 in Dallas, Texas. Payscale states that the yearly salary of an HR Business Partner in Chicago is $83,135 , while their New York counterparts receive $95,536 per year. The average income also depends on location.

HR Planning 92

HR Planning Resources Hiring Software Onboarding Software 92

Workable

OCTOBER 23, 2024

Research from Payscale claims that 50% of employees will switch jobs if they feel underpaid. Average compa ratio In some organizations, the average compa ratio is part of salary benchmarking. When employees are paid fairly, they feel valued. So, how do you make sure your employees get what they deserve and are not underpaid/overpaid?

COMPAS 62

COMPAS Compensation Analysis Hiring Software 62

Ongig

APRIL 8, 2025

It examines how companies can optimize job descriptions using artificial intelligence, data analytics, SEO, and competitive benchmarking. Measuring Job Descriptions Measuring job descriptions against industry benchmarks can help improve them. Use technical, behavioral, and job knowledge assessments to measure hard and soft skills.

AI Recruiting 52

AI Recruiting Hiring Software Video Recruiting HR Software 52

Workable

NOVEMBER 7, 2017

Conduct job analysis and job evaluation. Knowing what each job entails and its value to your company helps you benchmark salaries more effectively. As a first step, conduct a: Job analysis. As a first step, conduct a: Job analysis. Here are both approaches with examples and how you can combine them: Benchmarking.

COMPAS 81

COMPAS Compensation Hiring Software How To 81

CuteHR

JUNE 14, 2021

This incentive program a clear benchmark and list of objectives must be placed in front of the employees so that they have an idea of what exactly they can achieve the bonus. A survey conducted by Payscale found that more than 65% of the employees are pleased to receive bonuses based on personal performance.

Bonuses and Incentives 55

Bonuses and Incentives HR Software Planning Tools Interview Software 55

AIHR

JULY 8, 2024

Salary benchmarking is a powerful tool for building a stable, motivated workforce and decreasing turnover costs. Contents What is salary benchmarking? Why is salary benchmarking important? How to benchmark salaries Best salary benchmarking tools and free calculators What is salary benchmarking?

Benchmarking 116

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HR Lineup

AUGUST 16, 2024

Salary benchmarking, also known as compensation benchmarking, is a crucial process for businesses that aim to maintain a competitive edge in attracting and retaining talent. What is Salary Benchmarking? Why is Salary Benchmarking Important? Salary benchmarking is important for several key reasons: 1.

Benchmarking 98

Benchmarking Hiring Software Compensation Employer Branding 98

Astron Solutions

JANUARY 3, 2023

Like other macro models, our analysis shows that the peak impact of rate hikes on GDP growth is front-loaded. The practice of benchmarking nonprofit and for-profit executive salaries has become more prevalent in the U.S. In other words, the drag on U.S. Nonprofit managers are seeking comparable pay to that of business managers.

Compensation 52

Compensation Trends Bonuses and Incentives Wage and Hour Training 52

AIHR

MARCH 28, 2025

Recruiting data Recruiting data gathered from the ATS, which is part of or connected to the HRIS, is a common data source for analysis. These demographic data are often included in an analysis as control variables. The ATS is the most common source of input for recruiting metrics.

HR Software 96

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