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7 Compensation Issues and How to Fix Them

Analytics in HR

In order to find out what the current market looks like and where you stand, there are a bunch of resources that you can tap into, such as Payscale, LinkedIn Salary, Glassdoor, The US Bureau of Labor Statistics, and salary and benefits information on competitors’ job postings. Let’s dive in! Researching the market.

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Data-driven recruiting 101: How to improve your hiring process

Workable

Traditional recruiting used to rely on luck and intuition more than data, which was time-consuming to amass and analyze. But now, with a wealth of software and analytics tools available on the market, anyone can create a data-driven recruiting process. What is data-driven recruiting? Benchmark and forecast your hiring.

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HR tech: The key to achieving pay equity

Bob

The gender pay gap is getting narrower, but at a glacial pace as shown by this 2024 Payscale survey. The regulations also prohibit pay discrimination on the basis of gender, ensuring equal pay for equal work. If a pay report indicates pay discrimination, companies are obliged to compensate any affected individuals.

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What Other Employers Can Learn From Uber: Recognizing and Combating Sexism in the Workplace

Compensation Today

Ensure that jobs are benchmarked accurately, and understand where comparable employees are paid in the range for that role, as well as how their experience, degrees, certifications and expertise have impacted that pay. Be honest and don’t shy away from the problem.

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A Full Guide to Compensation and Benefits

Digital HR Tech

A Payscale study gives some insight into the influence of salary. Of course, because compensation and benefits can vary across companies and geographic regions, it’s important to benchmark your programs to ensure you’re maximizing the benefits from your programs. The data is then anonymized and sold back to businesses.

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How to structure employee compensation

Workable

They involve setting salary ranges and pay grades based on market data and job roles. This may perpetuate the gender pay gap and, as a result, create systemic pay disparities that prompt discrimination lawsuits. Knowing what each job entails and its value to your company helps you benchmark salaries more effectively.

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