Zenefits

JANUARY 16, 2019

For employers, compensation comparison can feel a bit intimidating. Let’s take a look at some best practices for compensation comparison and determining compensation for employees. In this article, we’re going to discuss 5 best practices for compensation comparison and salary determination. Of course, it’s important that your pay range is feasible as well. The post Best Practices for Compensation Comparison appeared first on Zenefits Blog.

Comparison 32

Comparison Compensation Zenefits Benchmarking 32

Compensation Cafe

MAY 22, 2018

The fact that our behavior is shaped by the constant comparisons we make between ourselves and those in our reference group has been well established in sociology, psychology and economics.

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Comparison Productivity Groups Compensation 52

Bersin with Deloitte

OCTOBER 24, 2019

By leading the compensation conversation, you can help foster engagement and forge stronger relationships with your people. The days of squelching conversation about compensation are over. What can your organization do to better communicate about compensation?

Compensation 118

Compensation Comparison Retirement Benchmarking 118

Compensation Cafe

AUGUST 2, 2018

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.

Bonuses and Incentives 77

Bonuses and Incentives Compensation Comparison System 77

Compensation Today

SEPTEMBER 11, 2017

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.

Compensation 72

Compensation Data Payscale Comparison 72

Compensation Today

SEPTEMBER 8, 2017

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.

Compensation 68

Compensation Strategy Payscale Competencies 68

HR Daily Advisor

NOVEMBER 25, 2015

Create a point of comparison between different roles within the organization, which can help to determine the appropriate salary level and salary structure within the organization. Good compensation practices keep them there. Developing your compensation strategy.

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Course Comparison Benchmarking Compensation 52

Compensation Cafe

MAY 29, 2015

Employee compensation was a lead story in The New York Times on Tuesday. The increase in variable pay practices is no surprise to the readers of Compensation Cafe, but the editors of The New York Times have determined it's hot stuff for their readers.

Bonuses and Incentives 67

Bonuses and Incentives Compensation Comparison eBook 67

Visier

JUNE 26, 2017

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. Workforce Intelligence 101 compensation cost management workforce analytics

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Analysis Comparison Data How To 281

Compensation Cafe

FEBRUARY 20, 2020

In my last blog article , I explained how you can cut and paste your way to a compensation philosophy. In comparison, strategic insights occur when you put your compensation practices and philosophy in a new light, where the illumination falls on the challenges your company will face tomorrow.

Comparison 52

Comparison eBook Exercises Analysis 52

Compensation Cafe

JANUARY 20, 2016

Compensation professionals love to cite “the open market,” while being less eager to admit that every market is different. In addition, an employer may select different peer comparison groups for each work group and address them differently.

Survey 82

Survey Bonuses and Incentives Comparison Compensation 82

Visier

MARCH 19, 2018

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. Talent Management compensation cost management workforce analytics

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Analysis Comparison Data Groups 123

Something Different

MAY 26, 2015

Much of this stuff has been visited in many other pieces across the web over the years, but the following quote on the Company’s approach to compensation was new to me: Once someone actually gets into Google, Bock said his department also looks at compensation differently.

CHRO 176

CHRO Comparison Analytics Course 176

Compensation Cafe

DECEMBER 7, 2016

Much as we like to believe that our compensation processes are objective, even numbers have a way of being influenced by human nature. Of course, our predictions are based on experience but they can just as easily be incorrect.

Bonuses and Incentives 60

Bonuses and Incentives Comparison Data Competencies 60

Visier

JUNE 22, 2015

Instead of accepting an intuition-based decision, consider taking an analytical approach: by accessing the employee’s detailed work records and performing comparisons against like employees and employee groups, you can make better decisions based on evidence.

Retention and Turnover 314

Retention and Turnover Comparison Bonuses and Incentives Analytics 314

Compensation Cafe

APRIL 21, 2016

For the most effective/efficient screening, of course, to weed out "the obviously unqualified" candidates. Compensation professionals could supply more flexibility in job pay classification and entry rates, too, as employers learn the true full range of talent qualified for their work.

Screening 56

Screening Comparison Discrimination Talent Acquisition 56

Compensation Cafe

FEBRUARY 12, 2015

In fact, most experienced compensation professional are able to craft apparently objective survey comparisons to produce any number they want; that is one of the reasons compensation is as much art as science.

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Comparison Competencies Compensation Course 74

Compensation Cafe

DECEMBER 14, 2018

The answer lay in something I recalled from taking my WorldatWork T3 course, Quantitative Methods , on the difference between nominal and ordinal scales. . I think that pay transparency options are actually nominal options about how you can choose to design your compensation program.

Comparison 52

Comparison Data Analysis Workforce Planning 52

15Five

JUNE 21, 2018

They don’t give the employee an opportunity to course-correct a problem until perhaps months later. 2) Avoid comparisons to peers. Forced ranking, or social comparisons, make it more difficult for employees to accept feedback. 3) Separate compensation from the review process.

Comparison 218

Comparison Compensation Coaching Performance Management 218

Compensation Cafe

SEPTEMBER 6, 2019

Comparisons drive behavior. Making the right comparisons can set you up for success. Making the wrong comparisons can drive you towards failure. Of course, compensation itself can be a form of feedback , too, because all rewards don't jingle.

Comparison 52

Comparison Compensation Reward Management Course 52

Compensation Cafe

NOVEMBER 29, 2017

Editor's Note: The compensation program reviews concluding at organizations everywhere this fall reveal a labor market where salary growth continues to be dynamic and uneven. Making comparisons across job titles or job groups is not easy - there are a variety of factors that come into play.

Groups 60

Groups Comparison Exercises Survey 60

Cornerstone On Demand

OCTOBER 14, 2015

Coworkers don't swap stories about their monthly paychecks; friends don't bring up money over happy hour; and even married couples aren't clear on compensation. With communication on compensation becoming the new norm, employers need to adapt — both culturally and legally.

How To 419

How To Compensation Comparison Trends 419

Compensation Cafe

MARCH 9, 2016

How many of you would think of using a compensation survey that describes itself this way? A unique Mission, wide catchment area and specialized staff that make pay comparisons uncomfortable. Skipping compensation communications because it's the "soft stuff?"

Comparison 52

Comparison Staffing Data eBook 52

Compensation Cafe

APRIL 20, 2016

Yet many of my nonprofit compensation clients have invited me to Total Reward discussions because they feel that they could be doing better in a number of employment areas. Are you acting like everything you do in compensation is communication?

Comparison 52

Comparison eBook Retirement Recruitment 52

EmployeeConnect

SEPTEMBER 20, 2016

Offer acceptation rate Referral hire rate Re-hire rate Interviewee satisfaction rate (in relation to the recruitment process) #5 – Internal Movement Indicators Promotion Rate: the number of employees that have been promoted in comparison to the total number of employees.

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Comparison COMPAS Metrics Retention and Turnover 241

Visier

DECEMBER 11, 2018

Candidates are approaching job offer negotiations with unprecedented levels of insight and confidence: The US unemployment rate has reached a historic low, and individuals now have instant access to compensation data via websites like Glassdoor and Salary.com.

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Data Comparison Compensation Discrimination 212

Compensation Cafe

SEPTEMBER 15, 2015

For comparison, let’s look at how vacation, whether limited or unlimited, has worked in the past. Of course the same can be said for their salaried employees too. Benefits & Perquisites Compensation Philosophy

Adobe 75

Adobe Comparison Policies Diversity 75

HR Times

MARCH 28, 2017

This antiquated, ineffective approach occurring over the course of the year does not account for changing employee development goals, evolving business strategies, and employees moving to various roles and/or teams within the organization. Posted by Terry Patterson on March 28, 2017.

Performance Management 60

Performance Management High Performance Culture Coaching Comparison 60

HRExecutive

AUGUST 3, 2016

Some of these younger professionals, however, are a bit unsure about their chances outside their current organization, at least in comparison to their more experienced colleagues. The roughly one-fifth of those pursuing other opportunities have their reasons for doing so, of course.

Comparison 55

Comparison Survey Trends Course 55

HR Daily Advisor

JUNE 11, 2015

For example: If you generally try to base wage increases on increases in costs of living, CPI may be one gauge utilized to determine how much an individual’s cost of living has gone up in the course of a year. Specify the benchmark date so that you have a point of comparison.

Benchmarking 71

Benchmarking Comparison Policies Diversity 71

HR Daily Advisor

MAY 26, 2016

Start making assessments for individuals and groups to determine the best course of action. This will allow a more accurate comparison against the guidelines in the future. Compensation FLSA/Wages business DOL hours worked overtime

Wage and Hour Training 57

Wage and Hour Training Comparison Guidelines System 57

Compensation Cafe

MARCH 20, 2017

Another Compensation Cafe post about pay transparency?". But you, as a compensation professional, may be using a definition that differs markedly from the definition that your employees are using. I recently received some feedback from a continuing education course on compensation.

Compensation 60

Compensation Comparison Course Policies 60

Compensation Cafe

JULY 20, 2018

As we mature, the types of comparisons we make change, but we're still making comparisons: who earns more money, who performs better in the job, and so on. In the workplace, these comparisons become formalized through the organization's performance evaluation system.

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Comparison Competencies Groups Compensation 56

WorkHuman

OCTOBER 31, 2016

I’ve been responsible for leading global HR programs in compensation & benefits, recruitment, recognition, wellness, organizational health, talent management, and performance management. I was responsible for the implementation of both the compensation and benefit modules.

Workday 156

Workday Globoforce Payroll Comparison 156

Steve Boese

FEBRUARY 25, 2016

KD is quite correct of course, it doesn't make a tremendous amount of sense to attempt to locate, staff, retain, and motivate the team for a call-center or similar kind of low-wage filled business operation in one the most expensive cost of living places in the world. Assessment and comparison of the available talent/skills to the needed set of talent/skills from Step 1. HR compensation talent workforce workforce

Staffing 53

Staffing Comparison Workforce Planning Wage and Hour Training 53

Thrive TRM

OCTOBER 31, 2018

During the interview process, the hiring team can offer information about the salary and benefits planned for the position and see what kind of reaction you get, while making it clear that a discussion can take place about the compensation for the position. Executive job offers can be tricky.

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Comparison Compensation Time and Attendance Course 52

SnackNation

MAY 24, 2017

average compensation for Office Managers is $39,400 per year. (By By comparison, the national average wage is $48,098.63 Not surprisingly, the issue of compensation is a vexing one for most OMs. Pay, of course, varies.

Payscale 71

Payscale Comparison Compensation Survey 71