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Align Your Compensation Strategy with Business Priorities

Compensation Today

Taylor, PHR, SHRM-CP, PayScale Senior Blogger At the intersection of business objectives and recruitment is a strong compensation strategy. Set pay structures and compensation metrics that work at all levels, from your entry level positions all the way to the top. Tess C.

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

Workable

Benchmark and forecast your hiring. Here’s what to do to shift towards data-driven recruiting: Choose the right data and metrics. Start by selecting a few important hiring metrics to track. Other common metrics include: Cost-per-hire ( Try Workable’s cost-per-hire calculator ).

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Hiring the Wrong Salesperson is a $2-Million Mistake

HR Daily Advisor

Start with PayScale’s (free!) complete guide to compensation plans, Bring Back the Sizzle: PayScale’s Guide to Comp Plans That Get Workers Fired Up (In a Good Way). Wrong metrics and goals : For example, valuing cost per hire vs. quality of talent and timeliness of hires.

Questions for Budgeting Season

Compensation Today

We’re well into budgeting season, which means it’s about time for many HR and comp pros to start scrambling around to calculate the necessary information for next year’s comp budget. If the job is that hot and pay is moving that much for it, consider having stricter performance metrics.