Compensation Today

FEBRUARY 23, 2017

At PayScale, we think the way you pay says a lot about you as an organization. Compensation should be a reflection of and an extension of your culture. In PayScale’s 2017 Compensation Best Practices Report (CBPR), we found that 57 percent of organizations agree that compensation is becoming more important to their executives.

Compensation 88

Compensation Strategy Bonuses and Incentives Payscale 88

RecognizeThis!

APRIL 18, 2016

A recent report from PayScale, which I covered in this post on Compensation Cafe , helps to provide some useful data around compensation practices, particularly among top-performing and average companies. But, I think it is also important to think in terms of broad, rather than specific practices.

Compensation 80

Compensation Payscale Benchmarking Data 80

AIHR

JUNE 22, 2022

In the competitive candidate market, organizations need to get their compensation strategy right. That’s why a compensation analyst is a fast-growing role and a career path worth considering. Let’s explore the role of a compensation analyst and how you can become one. Contents What is a compensation analyst?

Compensation 98

Compensation HR Planning HR Software Interview Software 98

Compensation Today

MAY 18, 2017

Among discussion of customer success best practices and trends, there were also deep-dive sessions on customer education and training — my personal area of interest as the Manager of Customer Education here at PayScale. Learn More About Our Compensation Software. Expect These Kinds of Questions About Compensation.

Meeting 98

Meeting Bonuses and Incentives Compensation Planning Tools 98

Compensation Today

JULY 17, 2017

In the 2017 Compensation Best Practices Report , PayScale found that 89 percent of organizations reward and/or recognize performance in some way. In the 2017 Compensation Best Practices Report, PayScale found that 89 percent of organizations reward and/or recognize performance in some way. GET A DEMO.

Bonuses and Incentives 81

Bonuses and Incentives Payscale Planning Tools Compensation 81

Compensation Today

JULY 28, 2015

Taylor, PHR, SHRM-CP, PayScale Senior Blogger Recently, I wrote about the sluggish state of the US economy and its impact on wages for the third quarter of 2015. Are employee bonuses the new compensation strategy? Will more employers offer bonuses? But, I neglected to mention one thing. They can also be creative.

Compensation 40

Compensation Bonuses and Incentives Payscale Planning Tools 40

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. When’s the right time for compensation conversations — and what should you be sharing at that time? Learn More About Our Compensation Software.

Compensation 68

Compensation Hiring Software Bonuses and Incentives Payscale 68

Affinity HR Group

DECEMBER 19, 2019

With 2019 over and at the dawn of a new decade, it’s an ideal time to think about bonuses for 2020. Organizations of all sizes and across all industries use bonus programs as an important component of total compensation. Discretionary Bonuses. Non-Discretionary Bonuses. There are many types of non-discretionary bonuses.

Bonuses and Incentives 52

Bonuses and Incentives Hiring Software E-Recruitment Recruiting Software 52

HR Daily Advisor

JUNE 19, 2017

Today I attended a session by Mykkah Herner, the Compensation Evangelist at Payscale, entitled Effective Incentive Plan Design. The focus of his talk was on variable pay plans and how they fit into an overall pay incentives strategy. And those concepts include bonuses, commissions, retention bonuses, project bonuses, etc.

Bonuses and Incentives 47

Bonuses and Incentives Payscale Time and Attendance Compensation 47

Affinity HR Group

JUNE 14, 2024

But don’t relax too much – compensation is still important. In a recent Compensation Best Practices Report published by Payscale, a majority of employers reported compensation as their biggest challenge – a bigger challenge than either recruitment or retention. Pay transparency is often driven by legal requirements.

Compensation 52

Compensation Hiring Software Recruiting Software Payscale 52

Compensation Today

OCTOBER 19, 2015

Jenni Marquez, CCP, PayScale Compensation Professional Even the most seasoned HR professional might take a big gulp if approached by their CEO to take charge of anything comp. That’s because, despite being part of the HR department, compensation is like the cool kid at a party. You know, the one you’re afraid to talk to.

Payscale 40

Payscale Compensation Hiring Software Planning Tools 40

Compensation Today

JULY 26, 2017

As a PayScaler and a people manager, one of my all-time favorite features of our PayScale Insight product is the (newly updated!) Employee Compensation Report , which enables managers to communicate with employees about their total compensation reports. DO: Share total compensation reports with your employees.

Compensation 62

Compensation Report Payscale Bonuses and Incentives 62

Compensation Cafe

DECEMBER 5, 2019

What I'm talking about is giving employees enough information to understand how compensation decisions are made in your culture. Employees gather statistics-lite data from sites like Payscale, Glassdoor and Quora and treat it as equivalent to any data you may offer. What is pay transparency anyway, and how do I know when I get there?

Payscale 78

Payscale Compensation eBook How To 78

Vantage Circle

OCTOBER 21, 2021

Companies consider several factors when deciding on a compensation planning tool. In layman’s terms, compensation management software allows an organization to plan and administer employee compensation packages in an organized manner. Payscale Marketpay. CURO Compensation. Compensation Plan Modeling.

HR Software 52

HR Software Planning Tools Recruiting Software Hiring Software 52

Affinity HR Group

JANUARY 23, 2020

A 2019 Payscale survey reported that 73% of respondents used some type of bonus or variable pay program. Research innovative technology, benefit programs, and incentive ideas to support engagement. Compensation. Salary Compression – Successful compensation programs are both externally competitive and internally equitable.

Hiring Software 80

Hiring Software Bonuses and Incentives Trends Recruiting Software 80

Zalaris

MARCH 18, 2024

A growing number of employees are quitting their compensation package without fully understanding or appreciating its value, which leaves them more open to alluring offers, especially among remote workers. Why do you need compensation strategies?

Compensation 52

Compensation Bonuses and Incentives Hiring Software Assessment Software 52

Compensation Today

NOVEMBER 28, 2016

PayScale invited more than 250,000 professionals and business executives to participate in our 2017 Compensation Best Practices Report (CBPR) survey. From the results of this survey we will produce the 2017 CBPR and reveal critical compensation trends that will help you upgrade your profession. Participate in the Future of Comp!

Compensation 40

Compensation Survey Bonuses and Incentives Payscale 40

Heyyy HR!

JUNE 13, 2024

The compensation for those in human resources reflects their importance, with variability depending on experience, geographic location, industry, and company size, within which an individual operates. Within the realm of human resources, managing compensation encompasses a broad array of responsibilities.

HR Planning 60

HR Planning Compensation Resources HR Software 60

Astron Solutions

SEPTEMBER 19, 2017

The world of non-profit compensation continues to see radical changes from the past. Previously, it was assumed that non-profits, due to the limitations placed on their abilities to generate revenue, were in the position of compensating their employees much below the market. Trend #2: Compensation Philosophy Statements.

Compensation 45

Compensation Trends Bonuses and Incentives Planning Tools 45

Oracle HCM - Modern HR in the Cloud

OCTOBER 10, 2019

The right compensation strategy and structure can help us both hire and retain great talent. The challenge with developing the right compensation strategy is that there is no “one size fits all.” He said, “When compensation systems are not aligned with organization culture, it causes many unintended consequences.”

Compensation 49

Compensation Hiring Software Bonuses and Incentives Planning Tools 49

GetFive

NOVEMBER 26, 2019

Then give them a range that’s as wide as possible, noting it is dependent on various factors (like bonuses and perks). In an ideal job search, you won’t discuss compensation during the interview process. PayScale and Glassdoor. If you aren’t sure where to start, check Glassdoor and PayScale. Reverse the Question.

Bonuses and Incentives 89

Bonuses and Incentives How To Payscale Compensation 89

Zenefits

DECEMBER 29, 2021

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. Creating a compensation philosophy that aligns with your company strategy is one way to strengthen hiring and retention.

Payscale 36

Payscale Strategy Hiring Software Bonuses and Incentives 36

GetFive

NOVEMBER 26, 2019

Then give them a range that’s as wide as possible, noting it is dependent on various factors (like bonuses and perks). In an ideal job search, you won’t discuss compensation during the interview process. Start by researching online on employment websites like PayScale and Glassdoor. Don’t Let Signing Bonuses Fool You.

Bonuses and Incentives 81

Bonuses and Incentives How To Payscale Compensation 81

Compensation Today

DECEMBER 19, 2016

What trends have impacted compensation the most? In the spirit of the coming new year, let’s count the top five 2016 compensation trends! Count down the top #compensation trends of 2016! Gone are the days where companies compensate with just base pay. Click To Tweet. #5: 5: Companies explore mix of pay options.

Compensation 40

Compensation Trends Bonuses and Incentives Wage and Hour Training 40

HRsoft

AUGUST 23, 2018

Salary planning typically requires an extensive investment of time and effort for compensation professionals. According to an article in Employee Benefit News , companies can benefit from pulling data from a range of sources, such as crowd-sourced pay data from tools like PayScale as well as other outside surveys.

Planning Tools 53

Planning Tools Bonuses and Incentives Payscale Compensation 53

Genesis HR Solutions

JULY 3, 2019

In an effort to show employees the true value of their compensation, benefits factored in, many employers are providing total compensation statements. What is a total compensation statement? Below is a total compensation statement template you can use to build your own forms. Direct Compensation. Click To Tweet.

Compensation 40

Compensation Bonuses and Incentives Wage and Hour Training HR Planning 40

Heyyy HR!

JUNE 5, 2024

It is important for both employers and employees to grasp the intricacies of salary administration and its legal aspects to 100 7679 0 7679 0 0 1874 0 --:--:-- 0:00:04 --:--:-- 1874 ensure fair compensation. During job offers, nearly all parts of compensation can be negotiated.

Wage and Hour Training 60

Wage and Hour Training HR Planning Hiring Software Strategy 60

Compensation Cafe

APRIL 18, 2016

Research from the firm PayScale may help to answer at least some of those questions, with their annual analysis of compensation trends and activity. It turns out that high performers are more likely to provide pay increases (90% compared to 84%), bonuses (81% compared to 74%), and are also likely to leverage more of a compensation mix.

Bonuses and Incentives 40

Bonuses and Incentives Benchmarking Payscale Compensation 40

HR Shelf

SEPTEMBER 4, 2023

In a largely candidate-led market where many employees and job seekers are feeling the effects of a rapidly-rising cost of living, businesses cannot afford to be miserly when it comes to compensation packages. To attract and retain top talent, it’s imperative that businesses offer fair and competitive compensation packages.

Benchmarking 52

Benchmarking Assessment Software Planning Tools HR Software 52

Compensation Today

DECEMBER 2, 2016

“Let’s talk a bit more about your overall compensation. Not every manager naturally knows how to communicate about compensation with those they supervise. Not every manager naturally knows how to communicate about compensation with those they supervise. Comp Conversations Pitfall #1: Forget the compensation data facts.

Bonuses and Incentives 53

Bonuses and Incentives Compensation Payscale Data 53

Primalogik

OCTOBER 17, 2024

Using the right rewards and incentives can aid in boosting employee performance , engagement, and job satisfaction. The increased salary that a promotion may bring compensates an employee for taking on additional responsibilities, like managerial duties. Merit increases are one of them. Plus, you’ll increase employee motivation.

Bonuses and Incentives 52

Bonuses and Incentives HR Software HR Planning Planning Tools 52

Affinity HR Group

OCTOBER 3, 2024

Although major compensation research organizations typically release wage growth projections in the fall, early estimates suggest an additional 4% wage growth in 2025. When evaluating wage growth, it’s important to consider total compensation, including benefits. Begin salary planning for bonus and incentive payouts.

Trends 40

Trends Bonuses and Incentives Compensation Retention and Turnover 40

New to HR

APRIL 28, 2015

But hierarchies also tend to organise the working environment by rank, with the higher levels of management separated from the workface not only by grade and payscale, but by distance, reducing effective co-operation. Are flat organisations smarter? External equity: a spanner in the works?

Analysis 40

Analysis Payscale Bonuses and Incentives HR Software 40

Compensation Cafe

JULY 28, 2016

In terms of compensation design and administration, "management discretion" is the antonym to clarity and "pay transparency." They can see the difference (because you have explained it to them) between your pay data and the data on sites like PayScale. What does clarity entail?

Compensation 40

Compensation Payscale eBook Survey 40

Achievers

OCTOBER 20, 2020

Incentives give employees something to strive for and provide tangible acknowledgement of their great work. When an incentive is offered, 85 percent of workers feel more motivated to do their best. If you’re interested in discovering the most impactful employee incentive programs available for your organization, read on.

Bonuses and Incentives 305

Bonuses and Incentives Hiring Software Planning Tools HR Software 305

Thrive Global

APRIL 21, 2022

I would like to discuss my compensation. But, if you want to have the life of your dreams and be compensated for your value, don’t dodge this topic. If you can show your boss the value you bring, they will be more likely to see the benefit of giving you more of an incentive to stay. Communicate clearly during the negotiation.

Bonuses and Incentives 36

Bonuses and Incentives How To Payscale Compensation 36

AIHR

JULY 31, 2023

As a department, it is responsible for managing HR activities from recruitment and onboarding, compensation and benefits, learning and development, performance management, and employee relations to separation or retirement. Rewards include salary, perks, and benefits like health insurance, remote work, and performance-based bonuses.

HR Planning 92

HR Planning Resources Hiring Software Onboarding Software 92