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Is salary important to workers? Bet your bottom dollar it is

Workable

The only real ‘surprise’, if there’s one, is that other studies show a growth in value placed on job attractors besides compensation – such as the willingness to take less salary in order to remain remote according to a TeamBlind survey , and the value of perks over salary as a motivator according to Staples. Is salary important?

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The Ultimate List of 60+ Job Description Benefits

Ongig

In comparison, 84% reported that it enables them to recruit top talent. Performance bonuses Employers reward employees when they meet performance goals or exceed performance expectations. It can take the form of commissions, incentives, and spot bonuses and can be given either in a lump sum or at the end of the year.

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Cafe Classic: Is Pay a Critical Part of Culture or Not?

Compensation Cafe

Typically, the statistics we read about in workplace surveys are intuitive. Employees that took that survey were asked to rate the three most important attributes of workplace culture. The survey also included responses to this question from HR professionals and managers, offering a good comparison point.

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How to Create an Effective Compensation Philosophy

Analytics in HR

Finding the right balance can be challenging, so many organizations participate in and/or purchase compensation benchmark surveys for their specific industry. Peer group comparisons. Organizations can use broad-based peer group comparisons as one of the factors when deciding the base salary, annual bonus, and benefits.

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Pay transparency: the pros, the cons, and best practices

Workable

Zoë in her NBER paper discusses how transparency can lead comparisons with peers in a counterproductive way – if Jer learns that he’s making $10K less per year for the exact same role as Maria, he’s naturally not going to be happy. The good news is that this is only when you manage it poorly. This isn’t theory.

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Is Pay Transparency a Gift? Agree, No Opinion, Disagree

Compensation Cafe

Planning an Employee Engagement Survey for the next Fiscal Year? Right now most employee surveys address the basics: Overall satisfaction: "I am paid fairly for the work I do.". Competitiveness: "In comparison with those in other companies with jobs similar to mine, I feel my pay is okay.". Don't overdo it though.

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Improving Your Employees’ Mindset About Benefits… One Step at a Time

Tango Health

On one hand, 92% of employees say benefits are important to their overall job satisfaction, according to a Society for Human Resource Management (SHRM) survey. If not, consider taking a “voice of the employee” survey to gather opinions and establish a baseline for comparison. Consider sending an email survey.