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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

This may include implementing wellness initiatives to address mental health, for example. How well these activities are done indicates the efficiency of HR, and the goal is to achieve certain outcomes. HRM activities and processes – Daily tasks performed by HR, such as recruitment, training, and talent management.

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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? It’s a central element of a well-structured compensation plan.

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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. Your comp strategy will determine the cut of comp data you use to price your jobs as well as your target percentile. Click To Tweet.

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15 Best Global HR Certifications To Enroll In [2024 Edition]

Analytics in HR

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. Earning this certification validates your competencies and skills in managing HR disciplines in a global marketplace.