Keka HR Blog

MARCH 24, 2021

Companies must go beyond manual pay planning to explore the value of using compensation management software. In this post, we will take a deep look at the many moving pieces of the compensation strategy while analyzing whether companies should make use of a compensation solution and why. What is Compensation Management?

COMPAS 52

COMPAS Compensation Planning Tools Assessment Software 52

Workable

NOVEMBER 7, 2017

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

COMPAS Compensation Hiring Software How To 86

HRExecutive

OCTOBER 31, 2023

As an eventful and surprising year winds down (did anyone foresee the surge of generative AI at the end of last year?), I aim to map out what the team at H3 HR Advisors and I think will be the most important trends heading into 2024. HR tech providers to watch: Salary.com, Compa, Visier 5. 1 topic in 2024.

HR Software 102

HR Software Hiring Software Recruiting Software Planning Tools 102

Analytics in HR

AUGUST 17, 2021

You want to pay your employees accurately and at market levels. Salary range penetration is a crucial compensation metric to help you understand and manage pay differences at your organization. Why is salary range penetration a useful compensation metric? It gives you very similar information to the compa ratio metric.

COMPAS 90

COMPAS Examples Hiring Software Metrics 90

Paycor

DECEMBER 21, 2020

You can put in all the work you want developing a great company culture, but if you don’t get compensation strategy right, you’ll be fighting a losing battle to motivate and retain your employees, and you’ll miss out on attracting top talent. Here are three key ways software can improve your compensation strategy: Improve Productivity.

HR Software 52

HR Software Planning Tools Recruiting Software Compensation 52

HRExecutive

SEPTEMBER 28, 2021

The annual Pitchfest competition made a mighty comeback at this year’s live HR Technology Conference & Exposition® with 33 start-ups vying for $30,000 in prize money donated by Randstad Innovation Fund, as well as booth space at next year’s HR Tech Conference. The winner will receive $25,000 plus booth space at HR Tech next year.

HR Software 96

HR Software Recruiting Software COMPAS Talent Acquisition 96

Visier

AUGUST 22, 2017

Google is the latest company to come under fire for allegedly paying female employees less than their male counterparts , but the tech giant has refused to disclose compensation information to Department of Labor (DoL) investigators. But getting to the bottom of measuring pay equity at a given company is easier said than done.

COMPAS 174

COMPAS Visier Hiring Software Compensation 174

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

Visier

OCTOBER 7, 2019

Take a look at our key takeaways (link below) to discover what else is new in the HR technology landscape, employee well-being, AI in recruiting, and more. We then asked attendees to vote for who they believed best took advantage of people analytics to have an impact at their organization. The winner.

HR Software 151

HR Software Recruiting Software Planning Tools Conference 151

Visier

AUGUST 22, 2017

Google is the latest company to come under fire for allegedly paying female employees less than their male counterparts , but the tech giant has refused to disclose compensation information to Department of Labor (DoL) investigators. But getting to the bottom of measuring pay equity at a given company is easier said than done.

COMPAS 150

COMPAS Visier Hiring Software Compensation 150

HRExecutive

NOVEMBER 19, 2021

This funding surge has fueled innovation that will emerge as products for HR’s consideration throughout 2022 at a scale we haven’t seen before. Survey: Help us find out What’s Keeping HR Up at Night? You might look at your HR tech stack like an investment portfolio, taking calculated risks based on your needs.

COMPAS 106

COMPAS HR Software HR Planning Hiring Software 106

Digital HR Tech

NOVEMBER 11, 2019

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?

Compensation 84

Compensation COMPAS HR Planning Retention and Turnover 84

Compensation Today

AUGUST 31, 2017

This is a lesson from our forthcoming ecourse on compensation analytics, and builds on what we covered in the post on setting goals. Compa-Ratio. Usage: Compa-ratios help answer the question “Are we paying according to our plan?”. Assess: Similar to market-ratio, a compa-ratio of 1.0 It’s time to get technical.

COMPAS 79

COMPAS Compensation Analytics Guidelines 79

Compensation Today

SEPTEMBER 1, 2017

This is a lesson from our forthcoming ecourse on compensation analytics, and builds on our previous post on five comp analytics to track. In the last lesson, we overviewed five compensation analytics that help track whether your organization is moving in the direction you’re targeting. Compa-Ratio by Function.

COMPAS 50

COMPAS Analytics Compensation How To 50

Compensation Today

SEPTEMBER 5, 2017

This is a lesson from our forthcoming ecourse on compensation analytics, and builds on our previous post on how to dig into comp analytics for specific questions. You spent some time making sure your compensation plan is current and that it prioritizes the things that drive organizational success. You’ve done it! GET A DEMO.

Compensation 68

Compensation Analytics COMPAS How To 68

HRExecutive

SEPTEMBER 29, 2021

Eleven more startups presented Wednesday morning at the 2021 HR Technology Conference & Exposition Pitchfest competition contending for the $25,000 grand prize. These solutions are among the 33 new technologies competing at this year’s conference. Related: 2021 Pitchfest kicks off at HR Tech. ICC (Innovate. Consult.),

Competencies 77

Competencies HR Software COMPAS Recruiting Software 77

Analytics in HR

OCTOBER 27, 2023

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?

Compensation 111

Compensation Wage and Hour Training COMPAS Bonuses and Incentives 111

Visier

AUGUST 21, 2018

By comparing different resource cost scenarios over the life of a project, and taking salary increases and turnover into account, firms can determine how best to staff projects that yield solid customer satisfaction at an optimal cost. For example , you can look at past increase percentages for staff based on experience level.

Hiring Software 156

Hiring Software Planning Tools COMPAS Assessment Software 156

Analytics in HR

JUNE 15, 2021

In its original use, compa ratio (or comp ratio, or compensation ratio) is a simple formula designed to compare an individual’s actual salary to the midpoint of a defined salary range. Over the past few decades, HR and compensation professionals have found many more ways to use it. Don’t base decisions on compa-ratio alone.

COMPAS 106

COMPAS Wage and Hour Training Compensation Hiring Software 106

Trusaic

DECEMBER 12, 2023

Expanding OFCCP compliance is part of a wider shift to drive pay equity at the federal level. 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.

COMPAS 130

COMPAS Compensation Compliance Hiring Software 130

Something Different

JULY 21, 2015

At the core of my reasoning here are six amazing managers that each taught me something that I will carry with me forever. My first HR role out of school was as a Recruiter. and onboarding (first day details and manager hand-off) for every candidate hired. I was a recent college grad that had never been a recruiter before.

COMPAS 100

COMPAS Compliance Training Compensation Recruitment 100

SumTotal

NOVEMBER 14, 2019

The latest estimates are that only 55% of employers have or are conducting remediation to resolve causes of pay inequities, and 9% of employers say the issue isn’t on their radar at all. However, here are some of the top reasons: The UK’s gender pay gap stands at 11.9%. What is Equal Pay Day? Why is it important?

HR Software 40

HR Software Assessment Software Planning Tools COMPAS 40

Compensation Cafe

APRIL 3, 2018

Thus any employee who has performed their job responsibilities for a set period of time without performance penalty will reasonably expect that their pay rate should at least equal that market rate. Look At The Numbers. Let’s look at an example: say you’re hired at the bottom of the salary range, at $80.

COMPAS 51

COMPAS Hiring Software Compensation HR Software 51

Compensation Cafe

MAY 15, 2020

t is important to know why salaries paid to individuals should increase at a different rate than overall competitive salary structures. What current incumbent employees on a payroll receive normally changes at a faster pace than the external outside competitive market prices for jobs. New hires enter at lower rates.

COMPAS 52

COMPAS Compensation Immedis Retirement 52

Compensation Cafe

SEPTEMBER 25, 2018

Of course not; no one wants to be paid at the minimum rate of anything. Of course, there may be several legitimate reasons to pay at the bottom: A newly hired employee only meets the minimum qualifications for the position. What reasons would compel companies to pay employees at a rate below the minimum of the salary range?

COMPAS 81

COMPAS Compensation Course Groups 81

Compensation Cafe

JUNE 15, 2015

After many years in the compensation profession, I remain completely befuddled at the idiotic policies still blindly followed as “best practices” when they are merely popular mistakes continually repeated by a majority. Look at the math. What looks good in one year fails abysmally over many years.

COMPAS 40

COMPAS Policies Hiring Software Recruiting Software 40

Visier

NOVEMBER 16, 2021

At the same time, the volume of workforce data continues to grow at an unprecedented rate, but merely having this data isn’t enough to succeed. It reduced its workforce planning cycle by 25%, improved the accuracy of its hiring plan from 78% to 95%, and increased the accuracy of its headcount plan from 60% to 95%.

Hiring Software 282

Hiring Software Planning Tools HR Software COMPAS 282

Compensation Cafe

OCTOBER 5, 2018

Conventional practice is to hire most new people into their jobs at salary levels below their market midpoint or Market Reference Point (MRP) and to move grade structures maybe half as much as the anticipated general market movement each year. Here is a fix. The issue is simple and clear.

Hiring Software 75

Hiring Software COMPAS Compensation Planning Tools 75

Compensation Cafe

NOVEMBER 27, 2017

Or felt frustrated and angry because the company representative at the other end of the phone didn't seem to care? Perhaps after enduring a bad experience at a particular establishment, you said: “never again”? Or is this skill set (interface with customers) a compensable factor at all? . Hire into the salary range.

COMPAS 53

COMPAS Hiring Software Compensation Survey 53

Visier

OCTOBER 7, 2019

Take a look at our key takeaways (link below) to discover what else is new in the HR technology landscape, employee well-being, AI in recruiting, and more. We then asked attendees to vote for who they believed best took advantage of people analytics to have an impact at their organization. The winner .

HR Software 30

HR Software Recruiting Software Planning Tools Conference 30

Compensation Cafe

MAY 31, 2018

Or felt frustrated because the employee at the other end of the phone didn't seem to care? Or after enduring a bad experience with an employee at an establishment you said, “never again"? As an example, the employees most commonly approached by guests at Walt Disney World are the Custodial Workers (e.g.;

COMPAS 40

COMPAS Hiring Software Compensation Survey 40

Compensation Today

SEPTEMBER 16, 2016

I love being around ‘my people’ nerding out on compensation and proudly letting my comp flag fly. Who doesn’t love getting a little weird on free wine with other like-minded nerds who get more impassioned about range penetration & compa-ratio’s with each glass of chardonnay? 'I at the end of sessions. And why not?

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Payscale COMPAS Compensation Conference 40

Trusaic

MARCH 5, 2024

This compensation practice is key to retaining top talent, but it’s important to keep pay equity in mind during the process. Employers that overlook what factors are influencing their pay decisions are at risk of creating internal equity issues during merit increase season. performance, compa-ratio, range penetration).

Hiring Software 130

Hiring Software Planning Tools COMPAS Analysis 130

HR Daily Advisor

JULY 21, 2015

Today, more of our findings, including measures of turnover, compensation, and training. Compensation-Related Metrics. of respondents keep metrics relating to compensation, with large percentages of them tracking compensation by internal and external pay equity as well as pay vs. midpoints (or compa-ratio).

Metrics 40

Metrics HR Planning Survey COMPAS 40

Thrive Global

JANUARY 15, 2020

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. They paid them from a central payroll system operated at the HQ.

Visier 36

Visier Hiring Software Interview Software Wage and Hour Training 36

Ongig

MARCH 9, 2023

It covers all expenses related to headcount, salary, benefits, workforce overheads, and hiring and training new employees. Cost per hire Cost per hire is the total amount spent on hiring divided by the total number of engagements. Once you have the result, multiply it by 100 to get the percentage.

COMPAS 59

COMPAS Metrics HR Planning HR Software 59

Digital HR Tech

NOVEMBER 27, 2019

The compensation and benefits manager plays a key role in coordinating the corporate compensation and benefits department. In this article, we take a closer look at this role. Table of content What is the compensation and benefits manager? Table of content What is the compensation and benefits manager?

COMPAS 52

COMPAS Compensation HR Planning Hiring Software 52