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

Compensation Cafe

That wasn’t the case with one of the findings from a report from The Workforce Institute at Kronos and WorkplaceTrends.com. There are possibly a handful of companies that clearly leverage pay as a critical part of their company culture, so perhaps the data isn’t completely off base. What is your take on the finding?

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Is Pay a Critical Part of Culture or Not?

Compensation Cafe

That wasn’t the case with one of the findings from a recent report from The Workforce Institute at Kronos and WorkplaceTrends.com. There are possibly a handful of companies that clearly leverage pay as a critical part of their company culture, so perhaps the data isn’t completely off base. What is your take on the finding?

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The Best Employee Retention Articles and Resources from Across the Web

ForUsAll

employees are eligible for bonuses four times a year, with biannual salary reviews. Source: Kronos. Employee Retention and Turnover Data Resources. The data ranges from 2013-2017. If you have data to match those years, you can also use this to see how you’ve tracked against the average over time.

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Compensation Cafe: The Relationship Between Pay and Culture

RecognizeThis!

That these perspectives can differ probably isn’t much of a surprise, but new data may help shed some light on where those differences are. Employees interpret pay less in terms of fixed salary or hourly wage and more to do with incentives, bonuses and recognition.

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Beyond Financial Wellness: Why Every CHRO Needs a Chief Payroll Officer

DailyPay

There’s a lot of different types of workers now that we’re seeing in the market, and I think back in the day if it was limited to this, the world would be fine but on top of just straight data analytics and insights, we started to see a crazy thing happen about two years ago coming into the workforce.

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