Remove Bonuses and Incentives Remove Competencies Remove Payscale Remove Planning Tools
article thumbnail

What Is Human Resources?

Analytics in HR

Through workforce planning, talent management, succession planning, and applying other HR best practices , HR professionals ensure that the organization has the required talent to keep operating and meet its long-term goals. Rewards include salary, perks, and benefits like health insurance, remote work, and performance-based bonuses.

article thumbnail

Compensation Analyst: All You Need to Know About the Role

Analytics in HR

It includes determining new employees’ remuneration and regularly reviewing all employee’s compensation packages (base pay, incentives, bonuses, commissions, and stock options) to ensure they are fair and within the employer’s capacity. Evaluating and implementing job analysis tools, techniques, and materials.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

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!

article thumbnail

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

Astron Solutions

Trend #1: Strategic Planning. The first trend is the increased use of the strategic planning process by non-profits. What was once considered a normal part of for-profit planning is being adopted by non-profits. Who do you compete with for talent? Trend #2: Compensation Philosophy Statements.

article thumbnail

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

New to HR

Whether your job description is graded using a points system or factor-comparison ( e.g. the Hay Profile Method ), the result is that your pay is largely determined by your role, rather than your performance, and if you want more money and autonomy you have to advance to the next rung of the ladder. Are flat organisations smarter?

article thumbnail

Compensation and Benefits

Analytics in HR

Together, they make up a total compensation package, which may include salary, bonuses, insurance, retirement contributions, and various other perks aimed at attracting, motivating, and retaining employees. Compensation is the money an employee receives in exchange for their labor, which could be a salary, wages, commission, and bonuses.

article thumbnail

2023 Compensation Trends Your Org Should Know About

Astron Solutions

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.