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Compensation Analysis: The Definitive 2022 Guide

Decusoft

Conducting compensation analysis is a lengthy, necessary project. Companies will want to ensure that their compensation packages remain in alignment with the market — otherwise, they risk losing staff to other businesses that offer higher salaries. . What Is a Compensation Analysis?

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How Serious are OFCCP Equal Pay Penalties? Very.

Trusaic

A News Release dated June 22, 2020, described the order, which requires WMS Solutions, LLC to pay $960,905 in back wages, damages, and interest based on discrimination and harassment claims. As a condition of receipt of federal funds, contractors may be subject to an OFCCP audit, including a compensation analysis.

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Employee Cost: How to Calculate the Cost of an Employee?

HR Lineup

Direct Costs of Employment Direct costs are the most obvious expenses related to employing staff, encompassing elements directly tied to compensation. These include: Base Salary: The primary component of an employee’s compensation, typically determined by factors such as job role, experience, and market rates.

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Customers React Negatively to Wage Gap Disclosures, HBR Study Finds

Trusaic

Lawmakers across the globe are finding that pay data reporting requirements for employers are critical for helping to close the gender wage gap. mandatory public disclosure of wage gaps lays bare the integrity of an organization’s pay practices. As recently seen in the U.K. and states throughout the U.S.,

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Benefits of Compensation Analysis

Decusoft

It is important to conduct compensation data audits frequently in order to produce an equitable and appropriate compensation plan. Compensation benefits research is necessary to ensure fair working conditions and helps improve employee retention plans. What Are The Benefits of Compensation Analysis ?

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Top 15 Tips to Track Payroll Metrics

HR Lineup

Accurate and efficient payroll processing ensures that employees are compensated correctly and on time, while also helping businesses comply with various regulations and tax requirements. Automated payroll systems can calculate wages, deductions, and taxes accurately, reducing the likelihood of errors and ensuring compliance with regulations.

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HR Courses Online: Enhancing Human Resource Skills for Professionals

Heyyy HR!

Want to know the best online courses to learn human resources? These are the most commonly used online HR courses to boost your confidence, increase your skillset, and make you the HR professional in demand. Finding the right HR courses online to prepare for your human resources career can be confusing.