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.

Compensation 63

Compensation Payscale Planning Tools Benchmarking 63

Compensation Today

OCTOBER 26, 2015

Jenni Marquez, CCP, PayScale Compensation Professional PayScale’s Comp Glossary returns! Consider the comp pros at PayScale to be an extension of your team! 2) BENCHMARK JOB Definition: A job commonly found in the market. A benchmark job is what you use to compare pay at your company with pay in the market.

Payscale 40

Payscale Compensation Hiring Software Recruiting Software 40

Zenefits

MAY 9, 2019

There are several salary comparison tools to help aggregate data for specific roles. Indeed also provides a free tool for salary comparisons. Other tools like PayScale, Salary.com, and LinkedIn Salary require a subscription or payment to access data but contain a larger number of job titles and data sets.

Benchmarking 31

Benchmarking Compensation Hiring Software Recruiting Software 31

Analytics in HR

JUNE 22, 2022

The compensation analyst will research current market practices, measure the effectiveness of existing plans, and evaluate current and future opportunities. Benchmarking jobs against data collected and market intelligence to determine competitive compensation for each role. Continuously work on your data and technology competencies.

Compensation 84

Compensation HR Planning HR Software Interview Software 84

Vantage Circle

SEPTEMBER 8, 2021

As a leader, compensation planning is one of the skills you will need to master. One of the most important aspects of organizational planning is having a compensation plan that rewards employees and provides competitive pay. What is Compensation Planning? Compensation planning is an aspect of talent management.

Compensation 52

Compensation HR Planning Planning Tools Wage and Hour Training 52

Compensation Today

MARCH 20, 2017

It’s the sum of all the choices you make about how to spend your compensation dollars, including the market where you compete for talent and how competitively you plan to pay in that market. Random” should never be a word used to describe your comp plan! We will use the 50 th percentile as the target for employee pay.

Compensation 81

Compensation Strategy Hiring Software Planning Tools 81

Decusoft

NOVEMBER 5, 2021

Getting compensation right can be tricky – that’s why businesses perform due diligence and conduct benchmarking surveys. And while there are common themes throughout compensation strategies, there’s never a “one size fits all” solution. It requires a long-term plan that’s agile enough to flex with the changing workforce.

Compensation 52

Compensation Strategy Payscale Hiring Software 52

Analytics in HR

NOVEMBER 1, 2022

Tasks may include: Managing compensation records Benchmarking of compensation Handling annual performance reviews. Assess and administer benefit plans, and oversee benefits expenses. What HR software have you used? Compensation and benefits. Compensation and benefits specialists handle employees’ compensation and benefits.

HR Planning 121

HR Planning Resources Hiring Software Onboarding Software 121

Compensation Today

AUGUST 17, 2017

We live, love and dream about data here at PayScale, and big data is driving business and pay decisions across industries and functions. Often folks will begin market benchmarking by looking at data cuts for jobs in their specific industry, location or company type/size. Data, data, data. Click To Tweet. You Need to Pay Above Market.

Data 74

Data Hiring Software Planning Tools Benchmarking 74

Tandem HR

FEBRUARY 9, 2022

Benchmark Jobs to Market. Here are some additional tips: When benchmarking to market, compare the position criteria/description versus position title. According to the PayScale 2021 Compensation Best Practices Report , remote work is on the rise and will likely remain a hot benefit to employees after the pandemic ends.

Compensation 52

Compensation Strategy Retention and Turnover HR Planning 52

Compensation Today

JULY 5, 2017

How Agile Facilitates Easier Compensation Planning. Note: This initial planning might be a little time-intensive, but remember, you can shift priorities as business needs change — its one of the most fruitful outcomes of this approach! Job benchmarking to market data – 2. Learn More About Our Compensation Software.

Compensation 70

Compensation Change Management Benchmarking Planning Tools 70

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. – Let them know how that pay was determined, and when pay ranges or job benchmarks are reviewed. Learn More About Our Compensation Software.

Compensation 68

Compensation Hiring Software Bonuses and Incentives Payscale 68

Compensation Today

MAY 3, 2017

Every year, the age-old question would come up when it came time to benchmark our fundraising and programmatic jobs. We have gathered compensation best practices from the more than 400 respondents to the PayScale Compensation Best Practices Report who are in the nonprofit industry. Learn More About Our Compensation Software.

Compensation 70

Compensation Payscale Benchmarking HR Software 70

HR Daily Advisor

DECEMBER 3, 2014

Looking to build and perfect that 2015 comp plan? 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). Overall, companies plan to increase sales force head count by an average of 4%.

Hiring Software 40

Hiring Software Payscale Hiring Planning Tools 40

U-Next

APRIL 17, 2020

If there is a process or a workflow in a system and the flow has a series of tasks, there need to be several metrics to identify the efficiency of the process and understand the efficiency of those who contribute and participate in it. Though you can consider planned leaves as negligible, unscheduled leaves can kill processes.

Metrics 52

Metrics HR Software Payscale Analytics 52

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.

Payscale 40

Payscale HR Planning Compensation Background screening 40

Analytics in HR

FEBRUARY 27, 2023

The chief talent officer creates processes to optimize hiring, build relationships for candidate pipelining and succession planning, and manage short and long-term staffing requirements. Liaising with the management team, the chief talent officer sets the strategic vision and priorities for the company’s staffing operations.

Talent Experience 76

Talent Experience Hiring Software Staffing Software HR Planning 76

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 also important to consider the employer-sponsored retirement plan. Your job is worth what the market will yield. Catch the trade winds in your sail.

Compensation 53

Compensation Coaching Assessment Software Payscale 53

Analytics in HR

FEBRUARY 27, 2024

Effective HR management without a Human Resources Information System (HRIS) is virtually impossible nowadays, at least for companies of a certain size. A Human Resources Information System, or HRIS, is a software solution that is used to collect, manage, store, and process an organization’s employee information.

HR Software 89

HR Software Hiring Software Planning Tools Recruiting Software 89

Compensation Today

OCTOBER 28, 2016

Back in the day, our Benchmarking Maven, Ashley Adair, worked to benchmark the role of an Office Manager. You’re overpaying a high portion of your employees by as much as double, how do you plan to handle red-circled outliers? The faster you grow, the more you’ll want to get that plan in place first. HappyHalloween!

Benchmarking 40

Benchmarking Compensation Planning Tools Talent Experience 40

Analytics in HR

OCTOBER 27, 2023

For example, perks like bonuses, stock options, 401k matches, pension plans, paid time off , and even free lunches are all attractive to different people and make up an essential part of the compensation and benefits package. Different countries place more focus on different types of benefits. Some benefits are exempt from taxation.

Compensation 111

Compensation Wage and Hour Training COMPAS Bonuses and Incentives 111

Digital HR Tech

NOVEMBER 11, 2019

Overtime pay, stock options, 401k matches, pension plans, days off, and even free lunches make up an essential part of the compensation and benefits package. A Payscale study gives some insight into the influence of salary. Some benefits are country-specific. In the United States, health insurance makes up a key component of benefits.

Compensation 84

Compensation COMPAS HR Planning Retention and Turnover 84

Workable

JANUARY 3, 2018

But now, with a wealth of software and analytics tools available on the market, anyone can create a data-driven recruiting process. Data-driven recruiting is when you use tangible facts and stats to inform your hiring decisions, from selecting candidates to creating hiring plans. Benchmark and forecast your hiring.

Recruiting Software 85

Recruiting Software Hiring Software Data Recruitment 85

Bob

MARCH 3, 2024

The gender pay gap is getting narrower, but at a glacial pace as shown by this 2024 Payscale survey. Pay transparency is a powerful tool to fight pay inequality Around the world, many countries have introduced different laws and pieces of legislation to encourage and enforce transparency in the workplace.

HR Software 148

HR Software Hiring Software Discrimination Assessment Software 148

Workable

FEBRUARY 7, 2024

Outcome transparency involves disclosing the actual compensation figures, such as specific salary ranges or benchmarks for different roles and levels within the organization, allowing employees and candidates to see where their pay stands relative to those benchmarks. It’s not just about the pay itself. ” 4.

Hiring Software 62

Hiring Software Retention and Turnover Compensation Recruiting Software 62

Zenefits

JULY 9, 2022

In a new Payscale report , companies pay women whose credentials are comparable to men’s 99 cents on every dollar that their male counterparts receive. The report by OpenComp, a provider of compensation benchmarking tools for startups, offers some answers. Unvetted platforms. Legacy survey providers. Supplementing income.

Wage and Hour Training 36

Wage and Hour Training Onboarding Software Background screening Staffing Software 36

PlanSource

APRIL 8, 2019

Gallagher’s Best-in-Class Benchmarking Analysis found similarities in employee benefits management across both midsize and large employers. They’re more likely to offer either one or two medical plan options, self-insure their benefits, and are “intensely” focused on employee well-being. Payscale, 2019. Register now! Sign Me Up!

HR Planning 15

HR Planning Employment Law Payscale Conference 15

HR Tech Girl

APRIL 4, 2023

Pay transparency can be helpful here too, but it’ll probably take the form of pointing the candidate to a part of your website where you have local salary benchmarking. As mentioned above, I understand it’s not easy to do in some cases, but, at the same time, it’s not a problem without solutions.

Video Recruiting 52

Video Recruiting Recruiting Software Hiring Software Trends 52

Zenefits

JANUARY 31, 2022

However, many other systems run on a monthly basis, such as benefits packages (typically). Benchmark positions, meaning jobs with similar duties, are the best sources for comparing salaries across positions. We recommend using industry benchmarks. Indeed also provides a free tool for salary comparisons.

Payroll 36

Payroll Hiring Software Wage and Hour Training HR Software 36

CuteHR

JUNE 14, 2021

This incentive program a clear benchmark and list of objectives must be placed in front of the employees so that they have an idea of what exactly they can achieve the bonus. Apart from the above data, employee recognitions are also a great tool to incentivize the employees. What is an example of an incentive program? Profit Sharing.

Bonuses and Incentives 55

Bonuses and Incentives HR Software Planning Tools Interview Software 55

Workable

NOVEMBER 7, 2017

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. Here are both approaches with examples and how you can combine them: Benchmarking.

COMPAS 86

COMPAS Compensation Hiring Software How To 86

Astron Solutions

JANUARY 3, 2023

Summary of 2023 Salary Adjustment Predictions According to a Willis Towers Watson survey , employers are planning to up employee salaries in 2023 in the biggest projected hike in 15 years. Trends Issues that Are Impacting 2023 Variable Compensation Planning It’s challenging to predict how variable compensation will unfold in 2023.

Compensation 52

Compensation Trends Bonuses and Incentives Wage and Hour Training 52

Oracle HCM - Modern HR in the Cloud

OCTOBER 10, 2019

” Market data, industry benchmarks, and application of best practices are useful, but also too generic. Madhani found that or ganization culture and compensation system were complementary elements in achieving a company’s strategic goals. You cannot stop there. Pay does matter. In a fascinating study, Dr. Pankaj M.

Compensation 49

Compensation Hiring Software Bonuses and Incentives Planning Tools 49

Analytics in HR

DECEMBER 15, 2023

Bridging skills gaps : Organizations must keep pace with technological advancements and frequent shifts in business concepts. It launched a program containing an app that integrates with the company’s HR management system. With 95% of employees using the app, Telefónica was able to collect detailed data on current skills.

Compliance Training 93

Compliance Training Assessment Software Planning Tools Hiring Software 93

Compensation Today

NOVEMBER 25, 2015

Sonnet Lauberth, PayScale Compensation Professional In my time as a Compensation Professional at PayScale, I’ve helped over 75 organizations develop a co mpensation strategy and structure to suit their needs and spoke with hundreds of companies about the challenges they face regarding compensation.

Payscale 40

Payscale Compensation Benchmarking Planning Tools 40

Compensation Today

JUNE 8, 2016

By Sonnet Lauberth, PayScale Compensation Professional Today’s business leaders know that talent is critical to an organization’s current and future success. As a Compensation Professional, my job is to help organizations create a compensation plan that reflects their business goals, mission, and organizational culture.

Talent Experience 40

Talent Experience Payscale Compensation Competencies 40