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Or is this skill set (interface with customers) a compensable factor at all? . Chuck Csizmar CCP is founder and Principal of CMC Compensation Group, providing global compensation consulting services to a wide variety of industries and non-profit organizations. MORE
This is a lesson from our forthcoming ecourse on compensation analytics, and builds on what we covered in the post on setting goals. Compa-Ratio. Usage: Compa-ratios help answer the question “Are we paying according to our plan?”. MORE
The compensation and benefits manager plays a key role in coordinating the corporate compensation and benefits department. We dive into the core responsibilities of the compensation and benefits manager, take a look at his/her salary, and finish up with an example job description. MORE
To inform this assumption, you can look at past compensation data and assess compensation changes for junior and senior staff in similar roles in the past. Since junior staff often start at the lower end of the compa ratio, their increases are often larger. MORE
This is a lesson from our forthcoming ecourse on compensation analytics, and builds on our previous post on how to dig into comp analytics for specific questions. Learn More About Our Compensation Software. Compensation Plans Uncategorized compensation analytics MORE
This is a lesson from our forthcoming ecourse on compensation analytics, and builds on our previous post on five comp analytics to track. In the last lesson, we overviewed five compensation analytics that help track whether your organization is moving in the direction you’re targeting. MORE
As a product manager, one of my favorite activities is hopping on calls with our customers to talk about all things compensation. It has been fascinating to have an opportunity to connect with managers within organizations to get their perspective about how compensation affects their role. MORE
Like other professionals, compensation professionals can throw around a bunch of terms and acronyms that may or may not make a lot of sense to those not in the field. With that in mind, here’s a short overview of compensation terms that are sometimes confused with one another. MORE
In this environment, we use Visier to monitor our ‘consistent stars’, to understand them in these dimensions: 1) Time Since Promotion, 2) Compa Ratio, 3) Career Path. Just like that, another HR Technology Conference has come and gone. MORE
Pay structures define employee compensation for different jobs or groups of jobs. Here’s our guide on why and how to set up a pay structure: Why you need structured employee compensation. Determine the form of your employee compensation structure. MORE
Your compa-ratio is 80%. After three years your pay is now $90, and your new compa-ratio is 83.6%. compa-ratio will likely have you starting the new job similarly low in your new salary range. Base Salaries Compensation Philosophy MORE
Google is the latest company to come under fire for allegedly paying female employees less than their male counterparts , but the tech giant has refused to disclose compensation information to Department of Labor (DoL) investigators. Talent Management compensation gender diversity MORE
People who have been historically generously compensated for many years by hefty guaranteed base rates have no right to an infinite entitlement to the largest increases. . It has been extremely successful when used; yet many compensation professionals are unaware of the method. . MORE
And, as Margaret O'Hanlon explains, it's also a good time to clean the cobwebs and accumulated dust from your compensation programs. Maybe it's because the lighting in most offices is far from warm, but the impulse doesn't seem to be as common in Compensation departments. MORE
Pay is not compa-ratios —it’s Karen from accounting, wondering how she will pay her skyrocketing rent—when she just got passed over for an expected raise. At PayScale we keep this notion central in all that we do to support companies in doing Modern Compensation. MORE
Compa-ratio: the comparison of an employee’s wage in relation to the median value on an organisation’s pay scale. #11 Human Capital ROI : the profit before tax for every dollar invested in wages and social compensations. MORE
Pay is not compa-ratios —it’s Karen from accounting, wondering how she will pay her skyrocketing rent—when she just got passed over for an expected raise. At PayScale we keep this notion central in all that we do to support companies in doing Modern Compensation. MORE
I love being around ‘my people’ nerding out on compensation and proudly letting my comp flag fly. Who doesn’t love getting a little weird on free wine with other like-minded nerds who get more impassioned about range penetration & compa-ratio’s with each glass of chardonnay? 'I MORE
Whether or not these compensation policies are helping employee retention, boosting productivity, or otherwise making the best use of your compensation budget is a mystery. . The post Are Your Compensation Policies Helping or Hurting You? MORE
1) Ensure that these positions are regularly surveyed for competitive pay practices, and then 2) Create a metric that segments the actual pay of your customer-facing employees to determine the average compa-ratio and spotlight the presence of low paid workers. MORE
Compensation and benefits refer to the benefits a firm provides to its employees in exchange for their labor. Compensation and benefits are thus a key part of Human Resource Management. In this article, we will provide you with a full guide about compensation and benefits. MORE
More than a few times I've stood in front of a podium, either ruminating over the intricacies of Compensation Management with practitioners and business leaders, or trying to instruct HR Generalists so that those who didn't give a hoot about Compensation could pass a SHRM certification test. MORE
For example, if you find your average compa-ratio to be skirting 80%, and your market pricing study indicates base salaries are an average -10% to market, blindly advocating what everyone else is doing for midpoint adjustments and merit spend percentages may not be an appropriate strategy for you. MORE
Google is the latest company to come under fire for allegedly paying female employees less than their male counterparts , but the tech giant has refused to disclose compensation information to Department of Labor (DoL) investigators. HR Leadership compensation gender diversity MORE
Chuck Csizmar CCP is founder and Principal of CMC Compensation Group, providing global compensation consulting services to a wide variety of industries and non-profit organizations. Did anybody raise their hand? Of course not; no one wants to be paid at the minimum rate of anything. MORE
Compensation administrators merely need to determine how long the average nominal incumbent holds that job title in order to plan their progression schedule to match the mathematical mandate of those parameters. Base Salaries compa-ratio pay competitiveness pay progression MORE
Is your compa-ratio competitive? Chuck Csizmar CCP is founder and Principal of CMC Compensation Group, providing global compensation consulting services to a wide variety of industries and non-profit organizations. Chuck is a broad based subject matter expert with a specialty in international and expatriate compensation. Compensation Communication Compensation Philosophy Competencies MORE
You can distribute well-crafted, multi-colored and detailed total compensation statements that include such helpful information as an employee's pay grade, salary range and current compa-ratio. Editor's Note: In the Classic post, we toast (roast?) MORE
Jenni Marquez, CCP, PayScale Compensation Professional Wow! Can you believe it that we’re half way through our 4-Part Comp Glossary bringing you closer to ‘comp’lete mastery of the compensation language?! MORE
Jenni Marquez, CCP, PayScale Compensation Professional Wow! Can you believe it that we’re half way through our 4-Part Comp Glossary bringing you closer to ‘comp’lete mastery of the compensation language?! MORE
You can add columns for compa-ratio and range penetration, if you’d like to track that metric as well. Depending your organization’s compensation philosophy, not to mention your current pay rates, using the 25th or 75th percentile as the midpoint may be a better fit for your organization. MORE
I once worked for a CEO who thought that any compensation proposal could be reduced to a single piece of paper, including plenty of white. “If Compa-ratios (comparison of pay to a salary range midpoint). Low compa-ratios that indicate you're not paying your salary ranges. MORE
After many years in the compensation profession, I remain completely befuddled at the idiotic policies still blindly followed as “best practices” when they are merely popular mistakes continually repeated by a majority. MORE
Examples include survey results, skill sets, LOS in current jobs, compa-ratios and more that will provide insights into how ready employees (and HR) will be to evolve to achieve your goal. Base Salaries Compensation Philosophy Competencies Incentives/Bonuses Total Rewards MORE
For example, HR can play a role in articulating and initiating policies in recruitment, compensation and other functional areas to ensure equal roles receive equal pay, anti-discrimination and increase diversity in terms of fair representation of different groups of people.”. MORE
Gender equity is an issue of incredible focus and debate for employers and lawmakers, particularly when it comes to compensation. Establishing an equitable pay policy is an important step forward, but the gender pay gap is more than a compensation issue. MORE
Digital HR Tech
NOVEMBER 11, 2019
Compensation and benefits refer to the benefits a firm provides to its employees in exchange for their labor. Compensation and benefits are thus a key part of Human Resource Management. In this article, we will provide you with a full guide about compensation and benefits.
Digital HR Tech
NOVEMBER 27, 2019
The compensation and benefits manager plays a key role in coordinating the corporate compensation and benefits department. We dive into the core responsibilities of the compensation and benefits manager, take a look at his/her salary, and finish up with an example job description.
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HR Daily Advisor
AUGUST 8, 2017
Like other professionals, compensation professionals can throw around a bunch of terms and acronyms that may or may not make a lot of sense to those not in the field. With that in mind, here’s a short overview of compensation terms that are sometimes confused with one another.
Workable
NOVEMBER 7, 2017
Pay structures define employee compensation for different jobs or groups of jobs. Here’s our guide on why and how to set up a pay structure: Why you need structured employee compensation. Determine the form of your employee compensation structure.
Compensation Cafe
OCTOBER 5, 2018
Compensation administrators merely need to determine how long the average nominal incumbent holds that job title in order to plan their progression schedule to match the mathematical mandate of those parameters. Base Salaries compa-ratio pay competitiveness pay progression
Compensation Today
SEPTEMBER 5, 2017
This is a lesson from our forthcoming ecourse on compensation analytics, and builds on our previous post on how to dig into comp analytics for specific questions. Learn More About Our Compensation Software. Compensation Plans Uncategorized compensation analytics
|
Compensation Today
SEPTEMBER 1, 2017
This is a lesson from our forthcoming ecourse on compensation analytics, and builds on our previous post on five comp analytics to track. In the last lesson, we overviewed five compensation analytics that help track whether your organization is moving in the direction you’re targeting.
Compensation Today
NOVEMBER 2, 2015
Jenni Marquez, CCP, PayScale Compensation Professional Wow! Can you believe it that we’re half way through our 4-Part Comp Glossary bringing you closer to ‘comp’lete mastery of the compensation language?!
Compensation Today
NOVEMBER 2, 2015
Jenni Marquez, CCP, PayScale Compensation Professional Wow! Can you believe it that we’re half way through our 4-Part Comp Glossary bringing you closer to ‘comp’lete mastery of the compensation language?!
Visier
NOVEMBER 28, 2018
Whether or not these compensation policies are helping employee retention, boosting productivity, or otherwise making the best use of your compensation budget is a mystery. . The post Are Your Compensation Policies Helping or Hurting You?
Visier
AUGUST 22, 2017
Google is the latest company to come under fire for allegedly paying female employees less than their male counterparts , but the tech giant has refused to disclose compensation information to Department of Labor (DoL) investigators. HR Leadership compensation gender diversity
|
Visier
AUGUST 22, 2017
Google is the latest company to come under fire for allegedly paying female employees less than their male counterparts , but the tech giant has refused to disclose compensation information to Department of Labor (DoL) investigators. Talent Management compensation gender diversity
Compensation Cafe
APRIL 3, 2018
Your compa-ratio is 80%. After three years your pay is now $90, and your new compa-ratio is 83.6%. compa-ratio will likely have you starting the new job similarly low in your new salary range. Base Salaries Compensation Philosophy
Compensation Cafe
SEPTEMBER 26, 2017
I once worked for a CEO who thought that any compensation proposal could be reduced to a single piece of paper, including plenty of white. “If Compa-ratios (comparison of pay to a salary range midpoint). Low compa-ratios that indicate you're not paying your salary ranges.
Visier
OCTOBER 7, 2019
In this environment, we use Visier to monitor our ‘consistent stars’, to understand them in these dimensions: 1) Time Since Promotion, 2) Compa Ratio, 3) Career Path. Just like that, another HR Technology Conference has come and gone.
SumTotal
NOVEMBER 14, 2019
For example, HR can play a role in articulating and initiating policies in recruitment, compensation and other functional areas to ensure equal roles receive equal pay, anti-discrimination and increase diversity in terms of fair representation of different groups of people.”.
Compensation Cafe
JUNE 15, 2015
After many years in the compensation profession, I remain completely befuddled at the idiotic policies still blindly followed as “best practices” when they are merely popular mistakes continually repeated by a majority.
HR Daily Advisor
APRIL 7, 2017
You can add columns for compa-ratio and range penetration, if you’d like to track that metric as well. Depending your organization’s compensation philosophy, not to mention your current pay rates, using the 25th or 75th percentile as the midpoint may be a better fit for your organization.
Compensation Today
AUGUST 9, 2016
As a product manager, one of my favorite activities is hopping on calls with our customers to talk about all things compensation. It has been fascinating to have an opportunity to connect with managers within organizations to get their perspective about how compensation affects their role.
Compensation Cafe
JUNE 28, 2016
More than a few times I've stood in front of a podium, either ruminating over the intricacies of Compensation Management with practitioners and business leaders, or trying to instruct HR Generalists so that those who didn't give a hoot about Compensation could pass a SHRM certification test.
Compensation Cafe
NOVEMBER 27, 2017
Or is this skill set (interface with customers) a compensable factor at all? . Chuck Csizmar CCP is founder and Principal of CMC Compensation Group, providing global compensation consulting services to a wide variety of industries and non-profit organizations.
Compensation Cafe
DECEMBER 18, 2018
Examples include survey results, skill sets, LOS in current jobs, compa-ratios and more that will provide insights into how ready employees (and HR) will be to evolve to achieve your goal. Base Salaries Compensation Philosophy Competencies Incentives/Bonuses Total Rewards
Compensation Cafe
APRIL 2, 2019
And, as Margaret O'Hanlon explains, it's also a good time to clean the cobwebs and accumulated dust from your compensation programs. Maybe it's because the lighting in most offices is far from warm, but the impulse doesn't seem to be as common in Compensation departments.
Compensation Cafe
MAY 31, 2018
1) Ensure that these positions are regularly surveyed for competitive pay practices, and then 2) Create a metric that segments the actual pay of your customer-facing employees to determine the average compa-ratio and spotlight the presence of low paid workers.
Compensation Cafe
MAY 16, 2017
Is your compa-ratio competitive? Chuck Csizmar CCP is founder and Principal of CMC Compensation Group, providing global compensation consulting services to a wide variety of industries and non-profit organizations. Chuck is a broad based subject matter expert with a specialty in international and expatriate compensation. Compensation Communication Compensation Philosophy Competencies
TalentCulture
JULY 14, 2016
Pay is not compa-ratios —it’s Karen from accounting, wondering how she will pay her skyrocketing rent—when she just got passed over for an expected raise. At PayScale we keep this notion central in all that we do to support companies in doing Modern Compensation.
Visier
AUGUST 21, 2018
To inform this assumption, you can look at past compensation data and assess compensation changes for junior and senior staff in similar roles in the past. Since junior staff often start at the lower end of the compa ratio, their increases are often larger.
Compensation Cafe
JANUARY 18, 2017
For example, if you find your average compa-ratio to be skirting 80%, and your market pricing study indicates base salaries are an average -10% to market, blindly advocating what everyone else is doing for midpoint adjustments and merit spend percentages may not be an appropriate strategy for you.
Visier
MARCH 8, 2018
Gender equity is an issue of incredible focus and debate for employers and lawmakers, particularly when it comes to compensation. Establishing an equitable pay policy is an important step forward, but the gender pay gap is more than a compensation issue.
Compensation Cafe
NOVEMBER 18, 2019
People who have been historically generously compensated for many years by hefty guaranteed base rates have no right to an infinite entitlement to the largest increases. . It has been extremely successful when used; yet many compensation professionals are unaware of the method. .
SuccessFactors
JULY 21, 2016
Pay is not compa-ratios —it’s Karen from accounting, wondering how she will pay her skyrocketing rent—when she just got passed over for an expected raise. At PayScale we keep this notion central in all that we do to support companies in doing Modern Compensation.
EmployeeConnect
SEPTEMBER 20, 2016
Compa-ratio: the comparison of an employee’s wage in relation to the median value on an organisation’s pay scale. #11 Human Capital ROI : the profit before tax for every dollar invested in wages and social compensations.
Compensation Cafe
SEPTEMBER 25, 2018
Chuck Csizmar CCP is founder and Principal of CMC Compensation Group, providing global compensation consulting services to a wide variety of industries and non-profit organizations. Did anybody raise their hand? Of course not; no one wants to be paid at the minimum rate of anything.
Compensation Cafe
JUNE 16, 2017
You can distribute well-crafted, multi-colored and detailed total compensation statements that include such helpful information as an employee's pay grade, salary range and current compa-ratio. Editor's Note: In the Classic post, we toast (roast?)
Compensation Today
SEPTEMBER 16, 2016
I love being around ‘my people’ nerding out on compensation and proudly letting my comp flag fly. Who doesn’t love getting a little weird on free wine with other like-minded nerds who get more impassioned about range penetration & compa-ratio’s with each glass of chardonnay? 'I
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