Tandem HR

FEBRUARY 9, 2022

While compensation is only one factor for recruiting and retaining talent, it is critical to your overall HR strategy. Whether initiating or updating your compensation strategy and philosophy, the following best practices may help guide your process and decisions. Benchmark Jobs to Market. Organizational Alignment.

Compensation 52

Compensation Strategy Retention and Turnover HR Planning 52

RecognizeThis!

APRIL 18, 2016

Benchmarks and best practices can give company leaders insight into what those around them are doing, how much they are spending, and how well they are performing. High performers are also more likely to adopt a mindset in which people are valued and engage in more transparent communication around compensation.

Compensation 80

Compensation Payscale Benchmarking Data 80

Compensation Today

JUNE 20, 2017

Every day, PayScale products and services help compensation and HR pros ideate, create, roll out and manage forward-thinking comp plans. With that in mind, we recently launched a new Support Center to help PayScale product users with key activities like benchmarking, running reports and utilizing structure and analytics tools.

Compensation 63

Compensation Payscale Planning Tools Benchmarking 63

Zenefits

DECEMBER 29, 2021

As the workforce moves towards more freelance, contract, and part-time engagements, companies need to make sure they are compensating their employees in a way that meets today’s work style. Creating a compensation philosophy that aligns with your company strategy is one way to strengthen hiring and retention.

Payscale 36

Payscale Strategy Hiring Software Bonuses and Incentives 36

Compensation Today

OCTOBER 26, 2015

Jenni Marquez, CCP, PayScale Compensation Professional PayScale’s Comp Glossary returns! Consider the comp pros at PayScale to be an extension of your team! We’ve compiled a list of fundamental compensation terms and why they’re important to know. 2) BENCHMARK JOB Definition: A job commonly found in the market.

Payscale 40

Payscale Compensation Hiring Software Recruiting Software 40

Compensation Today

MARCH 20, 2017

One intentional decision that too many companies aren’t making: establishing their compensation strategy. PayScale’s 2017 Compensation Best Practices Report (CBPR) found that just 37 percent of all organizations have a comp strategy. What is a compensation strategy? Click To Tweet.

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Compensation Strategy Hiring Software Planning Tools 81

Compensation Today

JULY 5, 2017

You may ask, how is product management like compensation management? Building a product and managing compensation for an organization are not projects — they’re ongoing endeavors that are continuously improving and delivering. How Agile Facilitates Easier Compensation Planning. Job benchmarking to market data – 2.

Compensation 70

Compensation Change Management Benchmarking Planning Tools 70

Compensation Today

AUGUST 17, 2017

Data, data, data. We live, love and dream about data here at PayScale, and big data is driving business and pay decisions across industries and functions. But when it comes to data-based decision-making, there a few occasions when decisions about pay and compensation need to go beyond the data.

Data 74

Data Hiring Software Planning Tools Benchmarking 74

HR Digest

MAY 4, 2021

Getting pay right for remote workers requires a thoughtful and well-articulated approach to compensation To get a fair compensation package for remote workers, certain factors must be considered. The location of the person, the salary data of the geographical locations, skillset, professional ability, the supply-demand factor.

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How To Compensation Payscale Talent Experience 98

Compensation Today

JULY 21, 2017

We’ve written a lot at PayScale about compensation communication — especially about WHY talking about compensation is important, and WHO should be talking about pay. When’s the right time for compensation conversations — and what should you be sharing at that time? Learn More About Our Compensation Software.

Compensation 68

Compensation Hiring Software Bonuses and Incentives Payscale 68

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 85

Compensation COMPAS HR Planning Retention and Turnover 85

Compensation Today

MARCH 22, 2017

As we discussed in part one of this series , PayScale’s 2017 Compensation Best Practices Report (CBPR) found that just 37 percent of organizations have a defined compensation strategy. All these factors taken together should inform your compensation strategy. What do you need from your compensation strategy?

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Compensation Strategy Company Payscale 75

Compensation Today

JULY 23, 2015

Taylor, PHR, SHRM-CP, PayScale Senior Blogger At the intersection of business objectives and recruitment is a strong compensation strategy. 1 – Become an Expert in Compensation Your first defense in the fight for a more aligned compensation strategy is to become a true expert in everything compensation.

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Compensation Strategy HR Planning Payscale 40

Analytics in HR

NOVEMBER 1, 2022

Human resources specialists perform specific HR functions like recruitment, training and development, compensation and benefits, rewards, and employee relations. This requires HR professionals to make decisions based on data and metrics. Compensation and benefits. What is a human resources specialist? Employee relations.

HR Planning 122

HR Planning Resources Hiring Software Onboarding Software 122

Analytics in HR

APRIL 10, 2024

Increased earning potential: Research by Payscale found that HR practitioners with a Global Professional in Human Resources (GPHR) certification experienced pay increases of up to 16% post-qualification. Continuing to build on your education through certificate programs and courses can help you stay ahead in your profession.

Global HR 59

Global HR Certification HR Planning Compliance Training 59

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 112

Compensation Wage and Hour Training COMPAS Bonuses and Incentives 112

Compensation Today

AUGUST 20, 2015

By Sonnet Lauberth, PayScale Compensation Professional Compensation can be a tricky topic, especially within the non-profit sector where many employees feel that they are “overworked and underpaid.” Depending on your strategy, you might benchmark against other non-profits, private companies, or a mix depending on your workforce.

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Compensation Payscale How To Retention and Turnover 40

Business Management Daily

OCTOBER 18, 2023

The core goal of pay transparency is to make information on compensation for new positions and existing roles more readily available and accessible for candidates and employees. Benefits of pay transparency in job postings Even if your company isn’t required to include salary data in job postings, there are some compelling reasons to do it.

Compensation 52

Compensation HR Planning Recruitment Payscale 52

Compensation Today

SEPTEMBER 7, 2016

I’m thrilled to be joining some of my PayScale colleagues in presenting at Compference 16 next week, where I’ll be partnering with Kaylyn Messer, Senior Customer Success Manager, to talk about understanding and using our salary data reports. Learn to utilize all of the #PayScale products at #Compference16! Click To Tweet.

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Report Payscale Benchmarking Data 40

Compensation Today

AUGUST 5, 2015

By Jenni Marquez, CCP, PayScale Compensation Professional In our never-ending quest to keep human resource and compensation managers informed and educated about compensation best practices, here is our second part in our two-part series on Building Salary Ranges for Beginners.

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Payscale HR Planning Compensation Background screening 40

Analytics in HR

APRIL 25, 2022

You will also be able to collect and analyze data to generate reports and make data-driven decisions. Rippling can coordinate with all your HR data and run payroll in 90 seconds. Compensation and benefits management software. What’s more, the saved time also translates to cost savings. Recruiting.

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HR Software Hiring Software Recruiting Software Interview Software 109

Dr. Nadine

OCTOBER 4, 2018

Rarely does a week go by without one of my executive coaching clients or prospective clients reaching out to me with reservations about his/her compensation level. Executives are, understandably, keen to ensure that their compensation is commensurate with their skills, talents, and experiences. They do so at their peril.

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Compensation Coaching Assessment Software Payscale 53

Compensation Today

JANUARY 21, 2016

Rita Patterson, Onboarding Manager, PayScale. First off, it’s essential to communicate how the salary for that role in your organization is benchmarked. Secondly, if you're not communicating with employees about variable pay, benefits, and other pieces of their total compensation— you're in trouble.

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Payscale Benchmarking Compensation Onboarding 40

Compensation Today

SEPTEMBER 23, 2015

Rita Patterson, Onboarding Team Lead, PayScale Creating a comp plan is like cleaning your house. But cleaning your house and planning your compensation don’t have to be so daunting. Don’t expect yourself to handle job analysis, market benchmarking, comp structure creation, and raise recommendations all in one fell swoop.

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Payscale How To Analysis Benchmarking 40

HR Daily Advisor

FEBRUARY 14, 2017

Many believe in a more-is-better approach to transparency in compensation, and there are some great reasons to explore the idea. In a recent webinar, compensation experts Rita Patterson, CCP, and Mykkah Herner, MA, CCP, of Payscale discussed what they call the Pay Transparency Spectrum. by Lisa Higgins, Contributing Editor.

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Payscale Compensation Employee Engagement Talent Experience 46

Compensation Today

OCTOBER 28, 2016

Back in the day, our Benchmarking Maven, Ashley Adair, worked to benchmark the role of an Office Manager. It doesn’t have to be scary, but does rely on a strong vision, reliable market data, and great communication skills. #4: He received a benchmarking project from an oil company not too long ago; they had a thousand jobs!

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Benchmarking Compensation Planning Tools Talent Experience 40

Thrive TRM

JANUARY 4, 2024

According to True Search’s latest Talent Partner survey , talent partners at VC and PE firms spend about 10% of their time advising portfolio companies on executive compensation matters. You’ll also be able to ask questions to other talent partners in our Slack channel, so you can share data you’re finding and validate the results.

Compensation 52

Compensation Strategy Hiring Software Bonuses and Incentives 52

Compensation Today

MARCH 3, 2017

Start with a gender earnings comparison – through a compensation analytics tool or via spreadsheet – to see if there are any uncovered pay inequities in your organization. This may also be one of the toughest examples of workplace sexism to call out and resolve – it’s not data-centric and it’s (hopefully) rarely intentional.

Sexual Harassment 40

Sexual Harassment Harassment Payscale Compliance Training 40

Analytics in HR

FEBRUARY 27, 2023

Employee retention : Monitor, analyze and report employee turnover rates Review compensation and scheduling guidelines to align with today’s workforce Plan and launch employee retention programs and initiatives to reduce turnover. HR professionals are good at collecting employee and candidate data.

Talent Experience 77

Talent Experience Hiring Software Staffing Software HR Planning 77

Bob

MARCH 3, 2024

The gender pay gap is getting narrower, but at a glacial pace as shown by this 2024 Payscale survey. Pay transparency is the practice of openly sharing information about compensation in the pursuit of pay equity, allowing people to understand how their pay compares to others and promoting fairness in the workplace.

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HR Software Hiring Software Discrimination Assessment Software 148

Zenefits

JULY 9, 2022

Hard data is evidence that the pay gap is real. Data for wage disparities is reported largely along racial and gender lines, with most of the emphasis on pay inequities between women and men. Data also shows gains and losses in disparate earnings due to economic changes and natural disasters. What does 2022 pay data show?

Wage and Hour Training 36

Wage and Hour Training Onboarding Software Background screening Staffing Software 36

Astron Solutions

JANUARY 3, 2023

From the pandemic to the Great Resignation to today’s continued economic turbulence, organizations have had to rethink what the world of work looks like, especially when it comes to compensation. Let’s take a look at what is currently going on in the realm of compensation. Here are some things to keep in mind.

Compensation 52

Compensation Trends Bonuses and Incentives Wage and Hour Training 52

Analytics in HR

FEBRUARY 27, 2024

HRIS vs HRMS vs HCM HRIS functions Benefits of an HRIS HRIS examples HRIS implementation in 6 steps HRIS management best practices How to get the most out of your HRIS data The HRIS analyst role HRIS certification FAQ What is an HRIS? Essentially, HR teams use an HRIS to work more efficiently and make more data-driven decisions.

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HR Software Hiring Software Planning Tools Recruiting Software 90

Workable

NOVEMBER 7, 2017

Pay structures define employee compensation for different jobs or groups of jobs. They involve setting salary ranges and pay grades based on market data and job roles. Here’s our guide on why and how to set up a pay structure: Why you need structured employee compensation. Benchmarking helps make your salaries more competitive.

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COMPAS Compensation Hiring Software How To 86

Oracle HCM - Modern HR in the Cloud

OCTOBER 10, 2019

The right compensation strategy and structure can help us both hire and retain great talent. The challenge with developing the right compensation strategy is that there is no “one size fits all.” ” Market data, industry benchmarks, and application of best practices are useful, but also too generic.

Compensation 49

Compensation Hiring Software Bonuses and Incentives Planning Tools 49

Compensation Today

NOVEMBER 25, 2015

Sonnet Lauberth, PayScale Compensation Professional In my time as a Compensation Professional at PayScale, I’ve helped over 75 organizations develop a co mpensation strategy and structure to suit their needs and spoke with hundreds of companies about the challenges they face regarding compensation.

Payscale 40

Payscale Compensation Benchmarking Planning Tools 40

Zenefits

JANUARY 31, 2022

It’s how you’re able to compensate employees correctly and on time — which affects employee morale and retention. Benchmark positions, meaning jobs with similar duties, are the best sources for comparing salaries across positions. We recommend using industry benchmarks. This process is called compensation benchmarking.

Payroll 36

Payroll Hiring Software Wage and Hour Training HR Software 36