PayScale’s Annual Top Tech Employers Comparison Is Here!

Compensation Today

Each year, PayScale runs the numbers on the nation’s top tech employers to shed light on what the employee experience (and pay) is like at some of the hottest companies in the country. Learn More About Our Compensation Software.

Workers’ Compensation Insurance Is Not Optional

HRWatchdog

Not properly maintaining workers’ compensation insurance coverage is costly for employers. The California Labor Commissioner’s Office reminds employers that they must maintain valid workers’ compensation insurance coverage for all workers, including part-time employees.

Cafe Classic: Re-Thinking Compensation At Professional Services Firms

Compensation Cafe

Editor's Note: As pay transparency and equity concerns draw ever more attention, it's interesting to revisit Stephanie Thomas's Classic post about black-box models of compensation and their fit, to the unique world of professional service firm partnerships or. I don't have the answer.

Hiring a Compensation Consultant: 7 Steps for Nonprofits

Astron Solutions

Your nonprofit organization might find that it needs some outside guidance around compensation for any number of reasons. For these organizations, hiring a nonprofit compensation consultant is the best choice. Nonprofit compensation consulting services FAQ. Compensation

Compensation Dictionary

This is your crash course in the compensation. Find all the terms you need to. master any compensation conversation. compensation plan. Your pay philosophy statement is typically something all employees can access (either in the employee. compensation plan.

Top 7 Compensation Consulting Firms for Any Sector

Astron Solutions

This period in an organization’s growth is particularly important, as habits and processes established now tend to become baked into the culture rather quickly. Why Employee Compensation Strategies Matter. How Compensation Consulting Can Help. Compensation

Developing a Compensation Plan, Step 3: Select Data Sources

Compensation Today

This is a lesson from PayScale’s Modern Compensation Planning ecourse. Sign up for the course! Select Compensation Market Data Sources. Since there are a variety of compensation data sources available to you, it’s crucial that you choose wisely.

Developing a Compensation Plan, Step 2: Define Your Strategy

Compensation Today

This is a lesson from PayScale’s Modern Compensation Planning ecourse. Sign up for the course! With your new compensation philosophy hot off the presses, it’s time to go to market to identify the value of your jobs. Decide on Your Compensation Strategy.

Talent Management System Comparison Shopping? 3 Things to Know Beforehand…

HRsoft

The common constraint among nearly all organizations today is staying within budgetary requirements while maximizing results, so it’s no different when it comes to finding the best talent management software. Most professionals complete as thorough as talent management system comparison as possible to ensure they’re getting the best available value that will deliver powerful business outcomes to their company. The post Talent Management System Comparison Shopping?

The Compensation Odyssey: It’s not a destination

Compensation Today

Compensation planning and administration can be an odyssey. Traversing your way through the trials and tribulations of benchmarking jobs, analyzing market data, and building then communicating a compensation structure can feel like quite the expedition.

Small Business Guide to Comp Benchmarking

Compensation. Benchmarking Intro These days, employment candidates are more informed than ever about the market value. After searching online, they weigh their decision to join or not join your. According to the US Bureau of Labor Statistics, the unemployment rate for.

The New Wave of Compensation Surveys: Addressing the Gender Pay Gap

HRsoft

For decades, compensation surveys have been the leading source where employers could go to learn about pay dynamics in the marketplace. The primary reason behind the omission is the simple fact that most U.S.

Will Employee Compensation Beat Out the Kardashians for Celebrity Status?

Compensation Cafe

Employee compensation was a lead story in The New York Times on Tuesday. You can find the headline " One-Time Bonuses and Perks Muscle Out Pay Raises for Workers " on the front page of the Business Day section. It's important for us to try and figure out the answer.

4 Tips for Your Compensation Planning from the Banking Industry

HR Daily Advisor

It’s no secret that the recession of 2007/08 resulted in an array of new regulations, especially in the financial services arena. Banking, especially, became subject to new regulation intended to avoid the circumstances that originally led to the recession.

Compensation Considerations in Attracting Top Talent

TalentGuard

However, it is the integration and flow between all these applications that when correctly used allows exceptional organizations to leave their competition in the dust. Consider how compensation planning and management factors into every facet of an individual business.

Compensation 101: A Beginner's Guide to Compensation Management

compensation management Comp 101 www.payscale.com2 By now, it’s well-accepted that a comprehensive, up-to-date compensation. are focusing more than ever on strategies to retain and hire top employees, compensation being a big one. compensation plan is no easy task.

Customizing Compensation for the Aging (?!) Millennials

HR Daily Advisor

While quite a few employers continue to think of Millennials as the “young whippersnappers” of the office, the oldest among them are now 35. This may come as a bit of a shock—not to mention the issue of how old this may make some of us feel. Learn More.

Tips for Developing a Defensible & Equitable Compensation Plan Structure

HRsoft

In order to ensure a defensible and equitable compensation plan, organizations should adopt a step-by-step process to oversee equal pay processes. By writing detailed job descriptions, performing job valuing, and evaluating jobs based on a number of critical factors, you can ensure you’re getting the fullest possible picture of each position to aid you in making informed pay decisions. An equitable compensation plan begins with your organization’s job descriptions.

The Basic Components (and Pitfalls) of a Total Compensation Statement

HR Daily Advisor

At the end of the day, most employees’ pay and benefits extend far beyond the base salary. Many employers are beginning to present total compensation statements (also known as total reward statements) as a means of showing employees how the organization is investing in them.

Cafe Classic: Are Skill Shortages An Opportunity for Recruiting and Compensation to Converge?

Compensation Cafe

Editor's Note: With today's dynamic labor market and the staffing challenges it creates, is a focus on job titles and traditional career paths causing us to overlook "nearly perfect" candidates?

PayScale Tools for Today's Comp Pro! Compensation Glossary: Part 2 of 4

Compensation Today

Jenni Marquez, CCP, PayScale Compensation Professional PayScale’s Comp Glossary returns! Consider the comp pros at PayScale to be an extension of your team! We’ve compiled a list of fundamental compensation terms and why they’re important to know.

Unlocking the compensation secret vault: An interview with Chris Bolte of Paysa

OmegaHR Solutions

One of the great secrets in HR for both companies and for candidates is “what is someone worth?” The answer is companies want to know what they need to pay someone, either as a new hire or in order to forestall having them leave. The bigger question becomes how do you do that?

How To Use Cohort Analysis for Better Workforce Decisions

Visier

Talking compensation and promotions with your employees can be a tricky business, yet many managers make these costly (and sometimes time-sensitive) people decisions based on hallway conversations and gut feel. Where does she sit in the distribution?

How the Changing Business Landscape has Created a Need for Human Resource Management Software

HRsoft

The many functions of human resources have evolved dramatically. Now, the scope of work for HR is compounded with a multitude of responsibilities. As you can see, the word “changing” is built into the very core of HR’s responsibilities. The Three Elements of HR Software.

Ripped from Today's Global Headlines: Lessons on Executive Pay Ratio Communications

Compensation Cafe

Another compensation story hit the global media today. It happened in the U.K., And its particular set of events should give Compensation Cafe readers a lot to think about and discuss, given the Executive Pay Ratio work that has most everyone scrambling right now.

Total Rewards – Total Relationships

Bersin with Deloitte

Total Rewards leaders (Compensation & Benefits) are increasingly pressured from both inside and outside the modern organization. Long-time experts in this profession are accustomed to balancing the needs of the workforce, business, and regulators. Learn more.

Cafe Classic: 3 Lessons for Truly Global Employee Recognition & Rewards Programs

Compensation Cafe

This post is inspired by Jim Brennan’s “Travel, Currency Issues and Compensation” post last week. dollars and converting them on the black market upon their return.”. 1) Recognition and rewards are not compensation. International Compensation Recognition

Santa, Where Do Best Practices Come From?

Compensation Cafe

Much as we like to believe that our compensation processes are objective, even numbers have a way of being influenced by human nature. If we are not aware of them, our vulnerabilities can affect our decisions all the way from job pricings to cost projections to talent assessments.

Deepen Your Value to Your Company

Compensation Cafe

Do you want to become famous in your company for: (pick one or more) Competitive compensation knowledge, talent acquisition, strategic insight, leadership? Start by learning all you can about your organization and about our field's innovative compensation practices, but don't stop there.

How To Use Cohort Analysis for Better Workforce Decisions

Visier

Talking compensation and promotions with your employees can be a tricky business, yet many managers make these costly (and sometimes time-sensitive) people decisions based on hallway conversations and gut feel. Where does she sit in the distribution?

Four Steps to Compare Your Business Results to Employee Engagement -

Decision-Wise

Organizations struggle to quantify the impact engaged employees have on business results. Much of it is because of the process. Results are presented to the executive team. HR team scrambles to find data and metrics to make comparisons. No comparisons can be shared.

Counter-Offers: Know When to Hold’em or Fold’em

Visier

Marie, a sales director earning $120,000 per year, enters her manager’s office one day and announces that the firm down the street has offered her a position with a 10% salary increase. Should the manager counter-offer to keep Marie? Where does she sit in the distribution?

Dirt Under the Fingernails

Compensation Cafe

Something that, when it happens just bothers the hell out of you? Here’s one of my most annoying poke-in-the-eye scenarios; the self-appointed or self-anointed expert. Have you experienced the same? The employees see this, while management seems to look the other way. .

Prejudice Perpetuated by Prior Pay Pattern

Compensation Cafe

Legislative initiatives to ban questions about past salary during the employment application screening process keep popping up. Here are some salient summary points we should kick around before the politicians determine our practices for us. At least, that is the quick assumption.

The Machine Learning Big Data Guide for HR & Recruiting #hrtechconf

Workology

This is a two part series that dives into the basics for machine learning for human resources and recruitment. . In a world where the demand for qualified knowledge workers is greater than ever before, highly-skilled professionals expect nothing less than the best from their employers when it comes to workplace benefits, compensation and development for themselves as well as their employees. The answer is, all of the above. The New Work Hack.

Data 71

Internal Equity Trumps External Competitiveness

Compensation Cafe

The idea that pay should be based on a balanced combination of external marketplace competitiveness as measured by surveys and internal equity is well accepted in the Total Rewards community. Hire a newbie at a dollar more than a senior co-worker and the the word gets out quickly.