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You're Underpaying. Now What?

Compensation Today

Jenni Marquez, CCP, PayScale Compensation Professional Most organizations don’t intend to pay employees low, but market shifts and legislation changes can often result in underpaid employees. Market should be the industry, company size, and location where you compete for talent. I repeat— where you compete for talent.

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What Is Human Resources?

Analytics in HR

HRM outcomes – HRM activities and processes aim to improve employee engagement, retention, competency levels, and performance, as well as decrease absenteeism. Meanwhile, PayScale reports the average annual salary of HR Generalists to be $73,207 in New York and $61,899 in Dallas, Texas. These are the HRM outcomes.

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Compensation Management: Salary Benchmarking and Beyond

Zenefits

Other tools like PayScale, Salary.com, and LinkedIn Salary require a subscription or payment to access data but contain a larger number of job titles and data sets. This process is called compensation benchmarking. How is compensation benchmarking done? What are some other means to evaluate compensation without benchmarking?

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PayScale Tools for Today's Comp Pro! Compensation Glossary: Part 2 of 4

Compensation Today

Jenni Marquez, CCP, PayScale Compensation Professional PayScale’s Comp Glossary returns! Consider the comp pros at PayScale to be an extension of your team! 2) BENCHMARK JOB Definition: A job commonly found in the market. A benchmark job is what you use to compare pay at your company with pay in the market.

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Compensation Analyst: All You Need to Know About the Role

Analytics in HR

Successful compensation analysts apply skills and competencies like business and financial acumen, strong data literacy, including qualitative and quantitative research methods and analysis, and knowledge of HR policies. Benchmarking jobs against data collected and market intelligence to determine competitive compensation for each role.

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When You Need to Move Beyond Data for Pay Decisions

Compensation Today

We live, love and dream about data here at PayScale, and big data is driving business and pay decisions across industries and functions. Here are some examples: You Compete With a Different Location, Industry or Company Size for Talent. Data, data, data. Click To Tweet. You Can’t Find Relevant Market Data.

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Get Me a Compensation Strategy, STAT!

Compensation Today

It’s the sum of all the choices you make about how to spend your compensation dollars, including the market where you compete for talent and how competitively you plan to pay in that market. PayScale’s 2017 Compensation Best Practices Report (CBPR) found that just 37 percent of all organizations have a comp strategy.