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Compensation Analysis: The Definitive 2022 Guide

Decusoft

Conducting compensation analysis is a lengthy, necessary project. Companies will want to ensure that their compensation packages remain in alignment with the market — otherwise, they risk losing staff to other businesses that offer higher salaries. . What Is a Compensation Analysis?

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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. Lowering turnover , strengthening your recruitment strategies , and conducting custom sector surveys are all common reasons for nonprofits to hire a compensation consultant.

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How to evaluate the compensation plan?

HR Digest

Before you accept that new job, it is important to carefully evaluate the compensation plan. Here is a guide on what to look for in an ideal total compensation package. Your compensation package plays a monumental role in where you end up working in the future. What is a compensation plan? Employee assistance program.

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How to Create a Compensation Strategy: A Complete Guide

Decusoft

What is Executive Compensation? . Executive compensation programs are influenced by a variety of factors today. As a compensation manager, your primary concern should be the alignment of pay and performance. Compensation Strategy Allocation . Compensation Strategy: Salary Ranges. Total rewards.

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Using A PEO Retirement Plan: Is It Worth It?

Genesis HR Solutions

When we talk to prospective clients about our PEO’s retirement plans, they’re sometimes skeptical about the value of using them, especially if they already have their own plans in place. They wonder: Is switching to a PEO’s retirement plan worth it? 4 Good Reasons To Consider A PEO Retirement Plan For Your Small Business.

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Compensation vs. Salary: Make the Difference Work for You

Zenefits

After you have selected the perfect candidate for a position, it’s time to offer the compensation package. This package commonly includes both annual compensation and annual salary. This is all relatively straightforward, but the distinctions between compensation vs. salary are meaningful for both employee and employer.

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Canada Pay Equity Act Tackles Gender Wage Gap

Trusaic

The Canada Pay Equity Act aims to address systemic gender-based discrimination, foster equal compensation for work of equal value, and proactively maintain pay equity going forward. Calculation of compensation. Comparison of compensation. Originally passed in December 2018, the Act goes into full effect August 31, 2021.