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What is Job Description Benchmarking?

Ongig

Job description benchmarking is similar to salary benchmarking, where you study how other companies list their compensation packages. Here are some steps to develop a great job description benchmark to serve your company well across multiple functions (or even various clients). So, where do you start?

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What Is Human Resources?

Analytics in HR

Through workforce planning, talent management, succession planning, and applying other HR best practices , HR professionals ensure that the organization has the required talent to keep operating and meet its long-term goals. This may include implementing wellness initiatives to address mental health, for example. What is HR Management?

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A Guide to Payscale Philosophy and Strategy With People Operations

Zenefits

As the workforce moves towards more freelance, contract, and part-time engagements, companies need to make sure they are compensating their employees in a way that meets today’s work style. With each gap, compare data from compensation benchmarking tools to determine how much you’ll have to spend to attract needed talent.

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Compensation Planning in 7 Actionable Steps

Analytics in HR

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. There is the legal side of things as well.

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How to calculate for pay for remote workforce

HR Digest

Getting pay right for remote workers requires a thoughtful and well-articulated approach to compensation To get a fair compensation package for remote workers, certain factors must be considered. 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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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. To be eligible for the GPHR, you must meet one of its requirements for education and/or experience.

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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.