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4 compensation strategies to respond to rising minimum wages

HRExecutive

As employers strive to remain both compliant and competitive, experts say, they need to conduct a comprehensive evaluation of their compensation strategy and ensure it is rooted in a strong pay philosophy. Once the evaluation process is completed, employers can consider these four compensation tactics, Dunn says.

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Compensation Planning: Where Complexity Meets Opportunity

Decusoft

Guest Blog from Steve Goldberg, HCM Industry Analyst, Advisor, Influencer The context Anyone leading a compensation team or function is keenly aware that ‘comp planning’ activities can take the most time, and surrounding complexities can be plentiful. And it’s not just organizational structures and reporting lines that might be fluid.

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Human Resources Director: Job Description, Skills & Salary

Analytics in HR

Check out some of the online MBA degrees offered by different universities: Online MBA in Human Resources Management – Maryville University : This course can help you prepare for a senior HR professional position and earn mastery in the strategic and policy-making aspects of HR management.

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4 tips for effective change management 

PeopleStrategy

A conscientious and empathetic approach to change management can help your organization maximize success as you move to a new HR technology system. Here are four change management tips to embrace: 1. Taking a conscientious approach to change management sets your organization up for success.

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Turning the Tide: Strategies for Attracting Top Talent to Companies with a Checkered Past

Inward Consulting

This can help to build trust with potential employees and show that the company is committed to making positive changes. Offer competitive compensation and benefits: Offering competitive compensation and benefits can help to attract top talent, even if the company has a poor reputation and culture.

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Report: HR Trends 2024 – Navigating the Future of Work

Extensis

AI-powered programs can also find skill gaps and patterns of bias in promotion and compensation, helping to create a fair and diverse culture. Business leaders should also focus on overall compensation and consider providing mental health support , enhanced parental leave, learning stipends, flexible work arrangements, and more.

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Use Agile to Make Compensation Changes Manageable

Compensation Today

You may ask, how is product management like compensation management? Building a product and managing compensation for an organization are not projects — they’re ongoing endeavors that are continuously improving and delivering. How Agile Facilitates Easier Compensation Planning. GET A DEMO.