Remove Bonuses and Incentives Remove Data Remove Discrimination Remove Zenefits
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What is Hazard Pay, and Should You Offer It?

Zenefits

data-container = "body" data-toggle = "popover" data-offset = "" data-html = "true" data-placement = "right" data-content = "">. Hazard pay is basically incentive pay, since its main purpose is to motivate employees into performing dangerous work or jobs involving physical hardship. Per the U.S.

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What is Compensation Management?

Zenefits

Compensation management is the process of ensuring that an organization’s salaries and bonuses remain competitive, appropriate, and equitable. Compensation managers are responsible for working with employment data and keeping up with complex benefits administration rules and regulations. So, it’s no longer just about the money.

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Is Your Compensation Fair? How to Create a Compensation Plan That Works for Everyone

Zenefits

Health insurance, investment options, bonuses, and development opportunities are all additional forms of compensation that can improve the quality of your total compensation plan. If you have data or feedback from exit interviews that highlight the true cost of employee turnover due to poor compensation and employee benefits, use it.

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How to Conduct a Pay Audit, and Why It Matters

Zenefits

Pay audits also help you comply with: Federal equal pay and pay discrimination laws. Many states and local governments have pay equity laws prohibiting pay discrimination and requiring equal pay for equal work. EEO-1 pay data reporting. It can also help you design incentive programs for driving productivity. Your budget.

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How to Build Fair Pay Grades and Salary Ranges

Zenefits

It can reduce turnover, your employees will work harder, and transparency protects them against wage discrimination. Where to find compensation data. What incentive strategies are required to drive intended outcomes among current employees. The extent of and types of incentive strategies you can use.

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Should You Hire a Certified Compensation Professional?

Zenefits

Salary ranges for new hires and for financial incentives and advancement of existing staff members. Strategizing how to tie pay to performance is another area of expertise: CCPs look at a range of reward programs, from the most basic annual reviews, to bonuses, commissions, and other employee incentives. Rewards programming.

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Updated List of Cities and States with a Salary History Ban

Zenefits

Pew Research reported that in 2018, women earned 85 cents to every man’s dollar, up 5% from Census Bureau data of 2017. Another reports that bonuses and other forms of incentive pay add to the problem. According to that 2018 data, women were paid a whopping 34% less than their male counterparts within the SMB world.