Remove Analysis Remove COMPAS Remove Compensation Remove Payroll
article thumbnail

How to structure employee compensation

Workable

Pay structures define employee compensation for different jobs or groups of jobs. Here’s our guide on why and how to set up a pay structure: Why you need structured employee compensation. Compensation structures create a fairer and more predictable process for determining an individual’s compensation. Arbitrary figures.

COMPAS 86
article thumbnail

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?

Insiders

Sign Up for our Newsletter

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

article thumbnail

OFCCP Compliance: Proactively Prepare for Compensation Audits

Trusaic

Significant amendments relate to the scope of required employee level compensation data, factors used to determine pay, and documentation that help explain factors and reasoning used to determine compensation. Carry out a pay equity audit and bring your compensation structures up to date now.

COMPAS 130
article thumbnail

“5 Things We Need To Do To Close The Gender Wage Gap”, with John Schwarz CEO of Visier

Thrive Global

Organizations need to take both a macro and micro look at their pay practices to understand if they are fairly compensating their employees. If there is a clear difference in scale or compa ratios, then it is clear there is a bias. When I started college in Canada, I had to use computers to do analysis on data in my chemistry class.

Visier 36
article thumbnail

Are Your Compensation Policies Helping or Hurting You?

Visier

Pay traditionally gets negotiated once at hire and any merit increases are thereafter distributed according to broadly applied policies. Whether or not these compensation policies are helping employee retention, boosting productivity, or otherwise making the best use of your compensation budget is a mystery. .

COMPAS 30