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Unlocking compensation benchmarking: Getting started for success

Insperity

The answer: Compensation benchmarking. What is compensation benchmarking? Compensation benchmarking is the process by which compensation professionals on your human resources (HR) team analyze salary data in the marketplace for each specific job at your company.

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Modern Compensation Strategy Best Practices

Bonusly

No matter how large or small your business is or what industry you work in, chances are, you’ve thought about how best to determine compensation for your employees—especially if you are a company or HR leader. They may need some updating to align with the compensation best practices below.

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How HR can give your company’s employee retention strategy a boost

Insperity

Compensation and benefits When employees leave a company, it’s often in search of better pay and benefits. Your HR team can help you keep a pulse on your workforce by distributing employee surveys in regular intervals to gather feedback about the company and then interpret the data. As it turns out, you can.

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Employer Brand Awards That Matter

Blu Ivy Group

It can help you: Benchmark your company’s performance and see how you stack up against other organizations. Retain your employees by reinforcing all the benefits they get from working for you, beyond compensation. magazine, get a dedicated company profile on Inc.com, and receive national and local coverage from publications like Yahoo!

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How to Fail at HR Analytics in 7 Easy Steps

Data Solutions International

So imagine my ambivalence when HR Magazine approached me with the idea of describing my greatest mistakes leading the build-out of a talent analytics initiative at ConAgra Foods, a Fortune 200 company. But acknowledging my blunders to a few close confidantes is not the same as disclosing them to several hundred thousand HR professionals.

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How Objective Setting Can Fit Into Your Performance Management Strategy

15Five

Managers often look at data in a vacuum instead of taking a step back to see what employee behaviors influenced them. To paraphrase the Scottish poet Andrew Lang, don’t use data as a drunken man uses a lamp post – for support rather than illumination. Communication is key. David has been featured in The Wall Street Journal, Inc.,

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Pay compression: What it is and how to fight it

Insperity

Pay compression is a compensation issue that develops over time. Later in the process, when it’s time to discuss compensation with a candidate, benchmarking an offer using an antiquated pay scale can result in the applicant turning away from your organization. What is salary, wage or pay compression? Consider market conditions.