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.

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Compensation Payscale Planning Tools Benchmarking 63

Analytics in HR

JANUARY 25, 2022

Even so, a recent study by Payscale found that less than 50% of companies have a strategic compensation plan. According to PayScale’s 2021 Compensation Best Practices report , businesses currently have a more challenging time finding and retaining skilled workers than ever before. This is also known as salary benchmarking.

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Planning Tools HR Planning Compensation Hiring Software 120

Analytics in HR

JUNE 22, 2022

A compensation analyst works within the Compensation & Benefits or Human Resources department and their role is to help organizations develop fair compensation structures to attract and retain employees by analyzing various data. Collecting and analyzing data from market-based compensation surveys to determine market trends.

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Compensation HR Planning HR Software Interview Software 84

HR Digest

MAY 4, 2021

The location of the person, the salary data of the geographical locations, skillset, professional ability, the supply-demand factor. A study by payscale, a payroll company, into salary data reveals that remote workers are actually paid more than people who work in an office.

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How To Compensation Payscale Talent Experience 98

Tandem HR

FEBRUARY 9, 2022

Both data points help determine if compensation is a factor in turnover and how you compare to industry averages. Benchmark Jobs to Market. Here are some additional tips: When benchmarking to market, compare the position criteria/description versus position title. Lastly, market data is collected at a point in time.

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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. – Research on best practices can help a company know what to focus on, but leaders need to consider how those practices play out in their own unique cultures and situations.

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Compensation Payscale Benchmarking Data 80

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

U-Next

APRIL 17, 2020

Thanks to the incorporation of analytics in HR processes and data, metrics become all the more crucial as they directly influence the workflow procedure and its consequences. The data from this metric can be used to take long term decisions and set ground rules and benchmarking standards. Business operations are similar.

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Metrics HR Software Payscale Analytics 52

Compensation Today

JULY 5, 2017

Job benchmarking to market data – 2. Tip: Ease the effort of the increase process with PayScale Crew. Some of these projects (or pieces of projects) might overlap or be interdependent — for example, job benchmarking to market data will need to occur prior to building pay ranges. MEDIUM IMPORTANCE.

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Compensation Change Management Benchmarking Planning Tools 70

Compensation Today

MARCH 20, 2017

Your comp strategy will determine the cut of comp data you use to price your jobs as well as your target percentile. Here’s an example: The Smith Company will use 10,000-employee sized companies in the Software Development industry in our local markets for competitive benchmarking.

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Compensation Strategy Hiring Software Planning Tools 81

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

NOVEMBER 1, 2022

This requires HR professionals to make decisions based on data and metrics. Tasks may include: Managing compensation records Benchmarking of compensation Handling annual performance reviews. Human resources specialist job description. Compensation and benefits. HR specialist responsibilities.

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HR Planning Resources Hiring Software Onboarding Software 120

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. – Talk through their new base pay and pay range, and market data for their role if applicable.

Compensation 68

Compensation Hiring Software Bonuses and Incentives Payscale 68

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. This type of software helps develop and manage pay structures and increases with data-driven information. Recruiting. Video interview platforms.

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HR Software Hiring Software Recruiting Software Interview Software 108

Business Management Daily

OCTOBER 18, 2023

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. Including transparent salary data is a great way to build trust with candidates and demonstrate your commitment to DE&I from the very first impression.

Compensation 52

Compensation HR Planning Recruitment Payscale 52

Analytics in HR

MARCH 7, 2022

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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Compensation COMPAS Background screening HR Planning 88

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. 2 – Analyze the Current Compensation Plan Decide if your compensation plan needs a do-over by comparing it to current salary range benchmarks for every job description. This article tells how. #3

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Compensation Strategy HR Planning Payscale 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. Please post your thoughts and questions here!

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Compensation Today

SEPTEMBER 23, 2015

Rita Patterson, Onboarding Team Lead, PayScale Creating a comp plan is like cleaning your house. Don’t expect yourself to handle job analysis, market benchmarking, comp structure creation, and raise recommendations all in one fell swoop. At PayScale - we’re ready to roll up our sleeves and grab a broom with you.

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Payscale How To Analysis Benchmarking 40

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. Rita Patterson is a Certified Compensation Professional and manages the Onboarding team at PayScale.

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Payscale Benchmarking Compensation Onboarding 40

Advos

APRIL 29, 2016

PayScale acquires Denver salary data company. Allegis Global Solutions Partners with PeopleTicker for Labor Rate and Benchmarking. Sign-up for our weekly What’s Hot in HR newsletter to get these weekly updates via email. Generational Capital Markets Announces the Acquisition of Culture.Service.Growth. by Qualfon.

HR Software 40

HR Software Recruiting Software Video Recruiting Compliance Training 40

Dr. Nadine

OCTOBER 4, 2018

If you come to the discussion primed with a solid understanding of industry benchmarks, your argument will be more cogent and you’ll be better able to justify your desired salary. It’s critically important that you draw data from reliable, established sources and accumulate data related to the job you’re actually doing or are slated to do.

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Compensation Coaching Assessment Software Payscale 53

Entelo

JANUARY 30, 2019

While these numbers tell us a lot about what’s top of mind for recruiters as a whole, the data represents the aggregated experiences and practices of professionals from over 13 different industries. We know that every industry faces unique challenges and the solutions are not one-size-fits-all. This week, we've tackled financial services.

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Recruiting Software Recruitment Payscale Diversity 28

Compensation Today

MARCH 22, 2017

I often hear from PayScale customers that they only want to compare themselves to similarly sized organizations in their own industry when pricing their jobs. The result of that conversation should be a decision on the cut of salary data you will use for benchmarking: industry, size, revenue and location(s). Click To Tweet.

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Compensation Strategy Company Payscale 75

HR Daily Advisor

FEBRUARY 14, 2017

In a recent webinar, compensation experts Rita Patterson, CCP, and Mykkah Herner, MA, CCP, of Payscale discussed what they call the Pay Transparency Spectrum. In fact, according to a Payscale study, 82% of employees are okay with low pay if they understand the rationale behind their pay. The opposite is generally true.”.

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Payscale Compensation Employee Engagement Talent Experience 46

Workable

JANUARY 3, 2018

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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Recruiting Software Hiring Software Data Recruitment 85

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

Compensation Today

MARCH 3, 2017

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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Sexual Harassment Harassment Payscale Compliance Training 40

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

Analytics in HR

FEBRUARY 27, 2023

Meanwhile, on Payscale , the average annual salary of chief talent officers in Chicago is $185,850, while their New York HR specialist colleagues receive $207,009 annually. They should be well-versed in communicating and presenting HR strategy ideas to senior management with supportive data. How to become a chief talent officer 1.

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Talent Experience Hiring Software Staffing Software HR Planning 76

Digital HR Tech

NOVEMBER 11, 2019

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.

Compensation 84

Compensation COMPAS HR Planning Retention and Turnover 84

Bob

MARCH 3, 2024

The gender pay gap is getting narrower, but at a glacial pace as shown by this 2024 Payscale survey. But there’s a ton of data to dig through. This is where HR tech can help cut through the noise, automate data collection, and provide accurate insights into what it all means for your organization.

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HR Software Hiring Software Discrimination Assessment Software 148

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 89

Thrive TRM

JANUARY 4, 2024

Just like no two talent partners operate similarly from firm to firm, no two executive compensation data sources are similarly helpful all of the time, and no two executive compensation strategies look the same either. Which data sources are most commonly used together?

Compensation 52

Compensation Strategy Hiring Software Bonuses and Incentives 52

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

Analytics in HR

OCTOBER 27, 2023

Their salary benchmarks are set at the 50th percentile of San Francisco market data. Use data to track which benefits are being used and which ones are unpopular and pivot accordingly. For example: Find out where you sit in the current market by using resources like Payscale and Glassdoor.

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Compensation Wage and Hour Training COMPAS Bonuses and Incentives 111

Workable

NOVEMBER 7, 2017

They involve setting salary ranges and pay grades based on market data and job roles. Knowing what each job entails and its value to your company helps you benchmark salaries more effectively. Here are both approaches with examples and how you can combine them: Benchmarking. As a first step, conduct a: Job analysis.

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COMPAS Compensation Hiring Software How To 86