PayScale Tools for Today's Comp Pro! Compensation Glossary: Part 1 of 4

Compensation Today

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. PayScale has you covered in our new, 4-part Comp Glossary. Today’s Lesson: A Little Comp 101 Consider the comp pros at PayScale to be an extension of your team! 2) PAY STRATEGY Definition: The market you compete in for your talent and how competitively you wish to pay in that market.

Compensation Round-Up: JLaw’s Gender Wage Gap, Transparency, and RIP Annual Raises

Compensation Today

Joleen Oerman, B2B Content Marketing Specialist, PayScale Welcome to the Compensation Roundup, where we bring to you the hottest news in comp! The consulting firm Towers Watson, found that for the 5th year in a row, the employee bonus pool will look like an abandoned hotel pool—drained and neglected. The death of the annual raise and the rise of the bonus. So, how do you compete? Joleen Oerman, MPA , is the B2B Content Marketing Specialist at PayScale.

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Top Five Compensation Trends from 2016

Compensation Today

Going are the days where companies stop at giving discretionary bonuses that are unlinked to performance. In order to compete for top talent, companies are exploring all options for recognizing and rewarding employees. That includes using team-based incentives to drive collaboration, providing creative perks , and offering performance-based incentives across the organization from executives to individual contributors. 2016 has been anything but boring.

Do Job Analysis and Evaluation Still Apply in Today’s World

New to HR

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. Companies not only save money by employing less managers, they can also be more creative with pay structures, choosing to implement more incentives and performance-related bonuses.

2018 Compensation Budgeting Forecast Part 3: Trends in Non-Profit Compensation

Astron Solutions

According to Payscale , A compensation philosophy explains the role of compensation in your organization and tells your employees how you believe people should be paid, while your compensation strategy explains how you will achieve this philosophy. Who do you compete with for talent? Nonprofits aren’t only competing with other nonprofits, so consider all of your competitors for talent in your compensation strategy.