Remove Benchmarking Remove Employee Recognition Remove Payscale Remove Strategy
article thumbnail

Six Considerations When Evaluating Your Compensation Strategy

Tandem HR

This essential business asset deserves a well-crafted strategy. 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.

article thumbnail

Chief Talent Officer: Everything To Know About This Role

Analytics in HR

They also offer strategic advice that considers other important factors like open roles, skills gaps, employee turnover rates, and the company’s current stage of development. On a company-wide level, they also assess the staffing needs of each department. The average pay also varies based on location.

article thumbnail

Chasing Best Practices

Compensation Cafe

One of the common questions I hear from clients centers on how well their people practices and budgets compare to industry benchmarks and groups of top-performers. Research from the firm PayScale may help to answer at least some of those questions, with their annual analysis of compensation trends and activity.