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. Contents What is a compensation analysis?

Avoiding Analysis Paralysis

Compensation Cafe

In order to effectively manage reward programs compensation practitioners and their senior management leaders need to understand how competitive those programs are. In making that determination, though, just how precise does the analysis have to be?

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5 Features to Look for in Compensation Analysis Software

HRsoft

If you’re considering compensation analysis software for your organization, you may be shopping around to find the best fit for your needs. There are many factors to consider, including your company’s specific compensation planning processes and its technology budget.

American Rescue Plan Act Analysis

Affinity HR Group

Accordingly, we strongly encourage you to consult with your legal or financial advisors before making business decisions based on the following analysis. The post American Rescue Plan Act Analysis appeared first on Affinity HR Group. The American Rescue Pan Act (ARPA), the 1.9

What Can Compensation Analysis Software Do for Your Company?

HRsoft

When your company adjusts is salary ranges, performing a compensation analysis enables you to make sure pay decisions align with both internal and external considerations, such as market trends and company objectives. The post What Can Compensation Analysis Software Do for Your Company?

What Can Compensation Analysis Software Do for Your Company?

HRsoft

When your company adjusts is salary ranges, performing a compensation analysis enables you to make sure pay decisions align with both internal and external considerations, such as market trends and company objectives. The post What Can Compensation Analysis Software Do for Your Company?

Fundamentals of Executive Compensation

Decusoft

Are you new to the world of executive compensation? Do you want to make sure you have the foundational skills you’ll need to create executive compensation programs that will help you cultivate, inspire, and keep the talent you’ll need to meet your company’s goals?

Compensation Singularities

Compensation Cafe

Have you heard of the Compensation Singularity Rule? The client – one of those Washington, DC inside-the-Beltway agencies – was greatly concerned that their latest salary survey analysis was obviously wrong and needed to be fixed immediately. It turns out the client had applied the Compensation Singularity Rule. As wizened compensation professionals I’m sure that you’ve realized that I am being tongue-in-cheek; you have all likely faced this phenomenon in the past.

How To Use Cohort Analysis for Better Workforce Decisions

Visier

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. Instead of accepting an intuition-based decision, consider performing a data-driven cohort analysis, where you look at each employee’s detailed work records and perform comparisons against similar employees and employee groups. Don’t Rely on your HRMS for Cohort Analysis.

SPAC Attack: Executive Compensation Top 10 List

Compensation Cafe

If you are reading this series ( SPAC Attack 1 , Equity Compensation ) of articles closely, you are probably working at a high-growth, privately-held company with aspirations of being an even higher-growth publicly traded company.

What COVID means to compensation

HRExecutive

This is the second in a series on compensation during the pandemic. The coronavirus pandemic has upended scores of traditional HR structures: hiring, recruiting, onboarding and compensation. This is the second in a series on compensation during the pandemic.

5 Features to Look for in Compensation Analysis Software

HRsoft

If you’re considering compensation analysis software for your organization, you may be shopping around to find the best fit for your needs. There are many factors to consider, including your company’s specific compensation planning processes and its technology budget. 5 Features to Look for in Compensation Software. Compensation requires input from multiple parties, but tasks like approvals often get caught up in inboxes and ignored for lengthy stretches of time.

Compensation Package: A Guide For HR

Digital HR Tech

Offering an appealing and generous compensation package is an important part of your employee value proposition. To stand out from other organizations, what should your compensation package include and how do you go about assembling one? Contents What is a compensation package?

Compensation Management Software – The Key to Strategic Compensation Planning

HRsoft

Where Do Compensation Management Systems Fit Within Your Company? A compensation software solution can reduce the tedious labor of personnel-driven analysis, tracking and planning out of the process. Compensation Software – A Building Block in Achieving Business Goals.

Compensation Challenges for Family Businesses

Astron Solutions

Since employees are often related to each other, developing and maintaining fair & appropriate compensation plans can be difficult. In this Astronology® , we will review some compensation challenges that family-owned businesses face. Deferred compensation plans.

A Complete Guide to Total Compensation

Decusoft

What is Total Compensation? The total compensation package is an employee’s base compensation, also known as their base salary, plus the value of the benefits package they receive. The best strategy for executive total compensation is unique to every business.

Where's the Fun in our Compensation Jobs?

Compensation Cafe

We really don't spend much time studying the emotions we feel as we practice compensation. Some people find compensation basics boring -- job analysis, job definition, job pricing using surveys and so on.

2021 Compensation Budgeting Forecast Part 3: Trends in Nonprofit Executive Compensation

Astron Solutions

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.

A Useless Analysis?

Compensation Cafe

Can someone help me understand a bit of compensation reasoning? I presume that's the case because compensation planning surveys compile and report such data. To be fair, perhaps my career experience is the exception, as I've never used that data in program analysis, or even reported it. For me, the focal point of survey analysis has always been to determine the competitiveness of current pay practices and established midpoints. I don't get it.

5 Urgent Equity Compensation Considerations

Compensation Cafe

The last quarter of every year is when people start paying closer attention to equity compensation. If your plan is meant to be a sweetener on top of very competitive cash compensation, are the values higher than need be? If you do only one thing for equity plans before year-end, this analysis is it. Most importantly, you will be ensuring your very limited equity compensation budget is being used as efficiently as possible.

What is Compensation Management: A Complete Guide

Decusoft

Building a robust compensation management plan is critical for organizations in 2021. A well-researched compensation management plan allows you to meet goals around pay equity and other critical factors while retaining talent and rewarding employees for work well done.

Why Cohort Analysis is Key to Effective D&I Programs

Visier - Talent Acquisition

How to do D&I-focused time-based cohort analysis. You can do further analysis to see the performance distribution in this population: how much their compensation has increased relative to their non-diverse peers, or how their engagement scores compare to their peers.

The Compensation Philosophy Conversation

Compensation Cafe

There is nothing quite like getting leaders around a table (literally, if you can manage, virtually if not) to debate what they intend the organization to accomplish with its compensation dollars - and then documenting the points of their agreement in writing - to bring clarity to reward design and administration. . More on reward SWOT analysis here.). Given the priorities suggested from the above, what should our top objectives for compensation - and/or total rewards - be?

Compensation Compliance: The Importance of Salary Equity Analysis

Berkshire Associates

As you may know, annual self-review of compensation is mandatory under affirmative action regulations. Compensation Compliance Affirmative ActionSalary equity, or inequity, continues to be a focal point of Office of Federal Contract Compliance Programs’ (OFCCP) compliance evaluations. And while there is no prescribed method of review required, statistical analyses are an industry standard—as well as the approach the agency itself is utilizing regularly.

A Quick Guide to Conducting a Compensation Analysis

HRsoft

Performing a compensation analysis ensures your organization’s pay decisions are in line both external factors, such as current market trends, as well as internal needs, including your company goals. While a full analysis can be an involved process, the following guiding principles can be used as a foundation for success. According to SHRM , nearly 90% of organizations use compensation surveys with job-specific, employer-provided data to perform their analyses.

How to Improve Your Compensation Communications

Compensation Cafe

You'll find a long list of articles in Compensation Cafe recommending that you create a "message platform" to build your Compensation communications. (It Of course, anyone in Compensation can list a set of messages describing the value proposition of working for your company.

OFCCP and Analysis Group, Inc. Settle Allegations of Hiring and Compensation Discrimination

The OutSolve Blog

Analysis Group will pay $410,000 to resolve discrimination allegations at several of U.S. facilities

Compensation Analytics Is No More Complex With Keka!

Keka HR Blog

Here’s the answer: “Based on how the compensation plan is designed, communicated, and managed, it can positively or negatively impact the organiza tional culture and performance “. . Strategically leveraging compensation?analytics Managing Compensation, the Keka Way! .

How to Create a Compensation Strategy: A Complete Guide

Decusoft

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 .

A Full Guide to Compensation and Benefits

Digital HR Tech

Compensation and benefits refer to the benefits a firm provides to its employees in exchange for their labor. Compensation and benefits are thus a key part of Human Resource Management. In this article, we will provide you with a full guide about compensation and benefits. Contents What are compensation and benefits? Why are compensation and benefits important? What are compensation and benefits? Why are compensation and benefits important?

Cafe Classic: Reward Plan S.W.O.T. Analysis

Compensation Cafe

analysis. In considering some of the methods and tools that might help incorporate this kind of planning into reward strategy work, I've been spending time reading up on a topic that seems to offer some interesting possibilities: SWOT analysis. SWOT analysis, for any who may be unfamiliar, is a planning method typically used in business strategy to identify the S trengths, W eaknesses, O pportunities and T hreats that may face a business or project.

PEO insider: Workers’ Compensation

AbelHR

Sure, none of us like to think that it’s possible that an accident could occur at our place of work, but even the seemingly safest of workplaces can be the subject of a worker’s compensation claim. The post PEO insider: Workers’ Compensation appeared first on Abel HR.

2019 AAPPR Physician Recruiter Satisfaction Survey Analysis

Hospital Recruiting

In a list of 15 items, compensation, surprisingly ranked number 13 in the ratings. . olegdudko/123RF.com.

Which HR Certification is Better? An Analysis of the SHRM-CP and PHR

UpstartHR

Compensation and Benefits (19%). Last week I received an interesting question that echoed what I’ve seen from dozens of people around the new year: I came across this discussion while trying to formulate an argument supporting the value and credibility of the SHRM-CP credential. I have years years of HR experience and about five years ago, I started looking at HRCI and the PHR certification.

Cafe Classic: Reward Planning and SWOT Analysis

Compensation Cafe

Editor's Note: How well do we position our compensation plans and practices to support business strategy, to respond to anticipated (and unanticipated) threats and opportunities that may spring up to impact our ability to secure and keep the workforce needed for organizational success? Perhaps there are lessons we can draw and apply from the Classic strategic planning technique known as SWOT analysis. Compensation Philosophy Total Rewards compensation strategy reward strategy

How To Use Cohort Analysis for Better Workforce Decisions

Visier

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. Instead of accepting an intuition-based decision, consider performing a data-driven cohort analysis, where you look at each employee’s detailed work records and perform comparisons against similar employees and employee groups. Don’t Rely on your HRMS for Cohort Analysis.

Introduction to Executive Compensation: The Fundamentals

Decusoft

Are you new to the Executive Compensation management field? Do you want to ensure that you have the fundamental knowledge necessary to establish Executive Compensation plans that will help to attract, motivate and retain the talent necessary to achieve your corporate objectives?