Zenefits

JANUARY 8, 2019

One of the main benefits of a good compensation management system is pay equity, but there are ample other benefits, like aiding in budget creation, attracting recruits, reducing turnover, and more. What is compensation management? Compensation managers are an important asset to the company’s success.

Compensation 31

Compensation Hiring Software Staffing Software HR Software 31

Trusaic

DECEMBER 19, 2023

Moreover, of those taking action on pay equity, 80% have an ongoing process for conducting a pay equity analysis. Conceptually, the raw pay gap consists of two components: Explained pay gap: One component reflects the extent to which pay differs by demographic group due to relevant differences in compensable factors.

Analysis 130

Analysis Compensation Assessment Software Hiring Software 130

Compensation Cafe

FEBRUARY 20, 2020

In my last blog article , I explained how you can cut and paste your way to a compensation philosophy. In comparison, strategic insights occur when you put your compensation practices and philosophy in a new light, where the illumination falls on the challenges your company will face tomorrow. Don't know where to start?

HR Planning 59

HR Planning Compensation Hiring Software Strategy 59

Analytics in HR

APRIL 1, 2024

This ensures that compensation is commensurate with the worth of individual roles and that each has appropriate entry and performance requirements. Job evaluation vs. job analysis Job evaluation and job analysis , though closely related, serve distinct purposes within an organization.

Assessment Software 89

Assessment Software Hiring Software Comparison Planning Tools 89

Visier

MARCH 19, 2018

Talking compensation and promotions with your employees can be a tricky business, yet many managers make these costly (and sometimes time-sensitive) people decisions based on hallway conversations and gut feel. Here are some common scenarios where data-driven cohort analysis can aid in making better decisions: Improving Compensation Reviews.

Analysis 105

Analysis Assessment Software Hiring Software Comparison 105

Analytics in HR

MARCH 7, 2022

Ignoring compensation issues at your organization can lead to unhappy workers, low morale, decreased productivity, and increased turnover. Hence, your Human Resources and/or Compensation & Benefits department must ensure the compensation you offer to your employees is appealing enough to keep your team happy.

Compensation 88

Compensation COMPAS Background screening HR Planning 88

Trusaic

JULY 15, 2019

Include personnel who understand your organizational functions, data sources, hierarchies, and compensation structure and philosophy across departments. The team will determine the scope of the audit, including the compensation measures to be analyzed, workforce segments, the number of employees, locations, and lines of business.

Comparison 130

Comparison Analysis Assessment Software Compensation 130

Analytics in HR

SEPTEMBER 29, 2021

A compensation philosophy guides your organization in creating fair, transparent compensation programs and helps you attract and retain employees. Learn about the different types of compensation philosophies, components of a compensation philosophy, how to create your own, and how to measure its effectiveness.

Compensation 76

Compensation Bonuses and Incentives How To Hiring Software 76

Decusoft

APRIL 1, 2021

What is Executive Compensation? . Executive compensation programs are influenced by a variety of factors today. As a compensation manager, your primary concern should be the alignment of pay and performance. Compensation Strategy Allocation . Compensation Strategy: Salary Ranges. Total rewards.

Compensation 98

Compensation Bonuses and Incentives Strategy HR Planning 98

Astron Solutions

SEPTEMBER 29, 2020

As we plan for 2021, we need to consider COVID-19’s impact on 2020 compensation decisions for nonprofit executives. For the most part, nonprofit executive compensation came to a halt. Many organizations froze, or in some cases reduced, current compensation levels.

Compensation 52

Compensation Trends Hiring Software Planning Tools 52

Trusaic

OCTOBER 4, 2021

Conducting a thorough pay equity audit is an important step in addressing compensation inequality among employees. The data must be accurate before beginning the analysis. Accurate data is essential for any thorough analysis and is necessary for drawing precise conclusions. What employers should do to ensure accurate data .

Assessment Software 130

Assessment Software Hiring Software HR Software Data 130

Cupa HR

MARCH 27, 2024

Other key findings from an analysis of CUPA-HR’s higher ed workforce salary survey data from 2016-17 to 2023-24 include: Non-tenure-track teaching faculty received their highest raise in the past eight years. Staff (generally non-exempt employees) received the highest increase in pay in comparison to other employee types.

Comparison 59

Comparison Compensation Survey Analysis 59

Trusaic

JULY 11, 2023

Pay equity legislation and the risk of equal pay claims is forcing employers to review the way in which compensation decisions are made. They also want salary decisions to reflect individual skills rather than the compensation level of a specific job, particularly where talent shortages exist. The US still faces a talent shortage.

HR Software 100

HR Software Compensation Trends Compliance Training 100

Professional Alternatives

NOVEMBER 3, 2023

This is because lenders demand higher returns to compensate for the increased risk associated with lending in a growing economy. As the head of the Economic & Housing Research Group at Freddie Mac, his analysis and forecasts carry significant weight in the industry.

Trends 52

Trends Policies Survey Analysis 52

Zenefits

FEBRUARY 7, 2023

Tracking and evaluating employee compensation metrics matters for maintaining a healthy, viable company. A company’s compensation philosophy plays into the quality of employees it keeps, how difficult retention will be, and how much competition it will face for talent. Understanding total compensation is essential.

Metrics 36

Metrics Compensation COMPAS Retention and Turnover 36

HRExecutive

JUNE 15, 2023

A majority of attendees attributed their pay equity actions to pay transparency legislation, and, to a slightly lesser degree, their evolving HR strategy and compensation practices. At the WorldatWork session, one compensation executive from Belgium noted fear is gripping her compensation colleagues in Asia.

Talent Acquisition 93

Talent Acquisition Compensation HR Software Comparison 93

Trusaic

AUGUST 22, 2023

Comparisons with Canada Federal Pay Equity Law Canada’s Federal Pay Equity Law is designed to ensure employers offer equal pay for work of equal value to all federal employees. Workers are entitled to compensation for recovery of back pay and related bonuses or payments in kind. Compensation is uncapped.

Assessment Software 130

Assessment Software Planning Tools Compensation Discrimination 130

Analytics in HR

APRIL 12, 2023

As HR professionals, it’s our responsibility to ensure that every employee is compensated fairly and justly based on their skill set, responsibilities, and experience level. This approach to compensation can benefit both employees and organizations by fostering a sense of fairness and promoting retention and motivation.

Hiring Software 77

Hiring Software HR Software Compensation How To 77

Compensation Cafe

JULY 28, 2020

What have data and analytics got to do with compensation communications? We'll talk about how this works in a minute, but let's start by checking out this comparison. Imagine you had to tell the Compensation Committee that the company couldn't afford one of their proposals. Think back to the earlier example.

Compensation 52

Compensation Analytics eBook Comparison 52

Trusaic

JULY 12, 2022

Also included in the complaints were mentions of unequal access to career opportunities, which in turn led to smaller bonuses in comparison to male counterparts. . The span of affected women experiencing unequal compensation suggests that Google’s pay equity problem goes deep. Best practices encourage you to act now.

Discrimination 130

Discrimination Hiring Software Harassment Diversity 130

Keka HR Blog

MARCH 31, 2023

Compensation reports Compensation reports are essential for calculating labor costs. Before and after making a substantial change, consider how you’ll keep past data for comparison or to assess your performance. But they can also assist HR departments in comprehending how employee salaries increase over time.

HR Software 52

HR Software HR Planning Hiring Software Report 52

Analytics in HR

OCTOBER 24, 2023

Job leveling is a system that defines an organization’s roles, corresponding job descriptions, responsibilities, career paths, and compensation ranges. Setting a job leveling framework helps organizations group similar job types and sets comparable qualifications and compensation for those roles across the organization.

Hiring Software 93

Hiring Software Recruiting Software Planning Tools HR Software 93

Compensation Today

SEPTEMBER 11, 2017

This is a lesson from PayScale’s Modern Compensation Planning ecourse. Select Compensation Market Data Sources. Since there are a variety of compensation data sources available to you, it’s crucial that you choose wisely. Select Compensation Market Data Sources. Learn More About Our Compensation Software.

Compensation 63

Compensation Planning Tools Data Compliance Training 63

Compensation Cafe

MAY 22, 2018

The fact that our behavior is shaped by the constant comparisons we make between ourselves and those in our reference group has been well established in sociology, psychology and economics. With respect to differences in compensation, much of the research has focused on how these differences lead to feelings of discontent and envy.

Comparison 40

Comparison Productivity Groups Compensation 40

HRsoft

SEPTEMBER 27, 2018

For decades, compensation surveys have been the leading source where employers could go to learn about pay dynamics in the marketplace. Corporate compensation departments have long been told by corporate legal departments that gender data (as well as age and ethnicity data) should not be provided in compensation surveys.

Compensation 45

Compensation Survey Payscale AON 45

ExactHire

APRIL 11, 2014

It may not be as simple as relying on comparisons for your industry because many factors can come into play such as your company size, geographic area, organizational culture, compensation and benefits package, number of steps in the hiring process and brand reputation.

Metrics 130

Metrics Background screening Recruiting Software Hiring Software 130

Trusaic

JULY 1, 2020

In Spai n , effective 2019, employers with 50 or more employees must develop and release equality plans which track compensation metrics by gender. Conduct comparisons for all female job classes using job–to–job, proportional value. The next stop on the Pay Equity world tour is the land down under. Stay tuned for news on the PTA.

Wage and Hour Training 130

Wage and Hour Training Planning Tools HR Software Analysis 130

Trusaic

JUNE 24, 2020

A pay equity audit can measure, among other important data points, the age effects on compensation to determine if age discrimination in setting wages poses a risk to operations. Let Trusaic provide your organization with a free Pay Gap Analysis , which can be conducted confidentially. Not sure how to get started?

Discrimination 130

Discrimination Wage and Hour Training Hiring Software Recruiting Software 130

Trusaic

FEBRUARY 13, 2020

There are a plethora of software options that will assist in compensation analysis. She said, “There are companies that can come in post-analysis and review… so if the budget isn’t forthcoming upfront, you can still proceed with the analysis and then bring in a third party when you can afford it.”.

Assessment Software 130

Assessment Software Recruiting Software Planning Tools Analysis 130

U-Next

OCTOBER 19, 2021

This mechanism/method is job analysis. issue comparison methodology, and. Issue Comparison Method: Every job needs bound capabilities on the part of the one who will perform the task. Conducting job evaluations provides a higher basis for assessing the relative value of every job in comparison to the non-analytical ways.

Comparison 98

Comparison Analytics Assessment Software Planning Tools 98

Trusaic

APRIL 1, 2021

Pay disparity refers to the adjusted metric after controlling for legitimate business factors; for example, most organizations use tenure as a legitimate business reason for making a compensation decision. Such legitimate business reasons typically depend on the legal jurisdiction of the employer. .

Report 130

Report Metrics Analysis Diversity 130

HR Daily Advisor

MARCH 24, 2016

This is called a job analysis. The Society for Human Resource Management (SHRM) advises that “Job analysis is the process of gathering, examining and interpreting data about the job’s tasks and responsibilities. As you can see, a job analysis is a fairly intensive undertaking. Why should you conduct a job analysis?

Analysis 40

Analysis Hiring Software Assessment Software Comparison 40

Extensis

FEBRUARY 29, 2024

This requires detailed documentation and comparative analysis by group health plans and health insurance issuers​ to demonstrate such parity. The goal of price comparisons is to help both employers and employees in controlling costs for benefits relevant to a given work population.

Compliance 52

Compliance Planning Tools HR Software Recruiting Software 52

Compensation Today

JULY 22, 2016

Compensation planning and administration can be an odyssey. Traversing your way through the trials and tribulations of benchmarking jobs, analyzing market data, and building then communicating a compensation structure can feel like quite the expedition. Job Analysis Jungle. Compensation is personal.

Compensation 40

Compensation Benchmarking Planning Tools Hiring Software 40

Astron Solutions

JANUARY 28, 2019

Issues with retention are particularly common among growing organizations, and employee compensation is often the major perceived contributor to high turnover rates. Why Employee Compensation Strategies Matter. How Compensation Consulting Can Help. Compensation Advisory Partners – Best for Large Corporations.

Compensation 53

Compensation Bonuses and Incentives HR Planning Planning Tools 53

Extensis

JANUARY 17, 2024

This explicit guidance makes obtaining all necessary documentation to generate “apples-to-apples” comparisons easier. Furthering the conversation: overview and analysis Businesses seeking comparison based solely on price nearly always fail to take full advantage of ExtensisHR’s comprehensive resources, customer service, and deep expertise.

Onboarding Software 52

Onboarding Software HR Software HR Planning Planning Tools 52

Extensis

JANUARY 17, 2024

This explicit guidance makes obtaining all necessary documentation to generate “apples-to-apples” comparisons easier. Furthering the conversation: overview and analysis Businesses seeking comparison based solely on price nearly always fail to take full advantage of ExtensisHR’s comprehensive resources, customer service, and deep expertise.

Onboarding Software 52

Onboarding Software HR Software HR Planning Planning Tools 52