How to Update Aging Salary Data for Your Organization’s Jobs

HR Daily Advisor

If you work in HR then you’re always busy and, as a result, your job grade data might be a smidge past its shelf life. But, sooner or later, everything needs attention, including rate range data that hasn’t been updated since 2003. How does that impact aging that ancient salary data?

Learn a new word: Positive Predictive Value

Steve Boese

The strength of a tool like COMPAS is that when accurate, it can indicate to the judge to give a longer sentence to a convict that is highly likely to be a repeat offender, and perhaps be more lenient on an offender that the algorithm assesses to be less likely to repeat their crimes once released.

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4 steps to Building a Business Case for D&I

Visier - Talent Acquisition

Your organization is already sitting on a wealth of data, and people analytics can turn that data into actionable insights. Do women and minorities have higher or lower compa-ratios than the overall organization?

5 Ways to Promote More Gender Equity in the Workplace

Visier

For instance, in the current example of Google, where the DoL is suing Google for details related to Google’s compensation data , the devil is in the details: Google may be defining — and therefore measuring — “equal pay for equal work” differently than the Department of Labor.

Let Me Tell You a Story

Compensation Cafe

However, before you settle on the visual format best suited to sell your case you should focus on the data points necessary to make that case. Compa-ratios (comparison of pay to a range midpoint). Low compa-ratios that indicate you are not paying your salary ranges.

Vista Analytics Series Employee

Personnel Data Systems

For example, consider a chart comparing an employee’s compa-ratio to his peers’ ratios over time. Navigate in Vista to a different person’s page, and the same Analytic automatically knows whose data to show. Part 3 – Employee Analytics.

The Compensation and Benefits Manager – A Full Guide

Digital HR Tech

Your relationship to this midpoint is called a compa-ratio. In addition, compensation and benefits data is usually the best maintained and most structured kind of people data. The aforementioned compa-ratios can be compared to performance metrics.

How to Dig Into Compensation Analytics to Answer Specific Questions

Compensation Today

Compa-Ratio by Function. Compa-ratio can also be used for groups of employees. You research the claim by determining the compa-ratio for the group of department coordinators and the faculty group.

Compensation Terminology 101

HR Daily Advisor

Just last week, I was asked the difference between compa-ratio and range penetration and had to check to be sure I was accurately explaining both terms. Compa-Ratio vs. Range Penetration. In salary survey data, the median is the 50th percentile.

Workforce Planners: 4 Steps to Improving Profit Margins for Services

Visier

Data from our aggregated database of 3.5 Once you have created your scenarios, you can then move on to the next step, which involves gathering the data that will help model future states.

COMPAS 257

Cafe Classic: Time for Spring Cleaning?

Compensation Cafe

Create an overall, combined compa-ratio for your jobs and decide if you like what you see. Break down your compa-ratio audit by job family and analyze where actual pay is vs. the market rates for the jobs. Editor's Note: Yes, it's that time of year.

HR TechStack – Video Interviewing Tools

WhoKnows

Note: The list is not in any particular order, and the list is constantly updated, bookmark this page for your future reference & fresh data. Panna is a data-driven AI video interview platform that finds the right talent in the shortest time. COMPAS Recruiting.

Lights! Camera! Action!!

Compensation Cafe

However, before you settle on the visual format best suited to sell your case you should focus on the data points necessary to make that case. Compa-ratios (comparison of pay to a salary range midpoint). Low compa-ratios that indicate you're not paying your salary ranges.

The New Workforce Gender Equity Factors HR Needs to Watch

Visier

This is echoed by 2017 gender data from the Visier Insights database, our unique database of anonymized, standardized workforce data. Data-Driven Practices That Help Mitigate Gender Equity Issues. This year’s International Women’s Day theme is #PressForProgress.

COMPAS 223

Recap of HR Technology Conference 2019

Visier - Talent Acquisition

All conference long, we showed how our enterprise grade people analytics now serves HR teams of all sizes, and also presented how our partnership with Insperity makes it even easier for all kinds of organizations to take advantage of the power of their data.

Today is Equal Pay Day: Can HR Technology Help Close the Gender Pay Gap?

SumTotal

In the UK, it is the day when based on data about average pay, women overall stop being paid compared to men. Gender pay gap reporting is based on hourly wage, and therefore, numbers of hours worked does not impact the data.

Questions to ask before letting an algorithm make HR decisions

Steve Boese

In the piece on EFF, the main example or warning cited when AI-driven processes might negatively impact people's lives is in the use of an algorithm called Compas, which has been used to predict convicted criminals likelihood to become repeat offenders. But what if Compas is wrong?

A Full Guide to Compensation and Benefits

Digital HR Tech

A salary survey asks many businesses to share their compensation data for positions. The data is then anonymized and sold back to businesses. Each range has a mid-point, which you may hear as a compa-ratio.

I’ve Had Six Great Bosses in Four Years – Here’s What I’ve Learned From Each One (Part 1)

Something Different

As the Global Compensation Head for the entire company (30k+ employees at the time), she was up against a constant daily grind wherein she was asked to provide data and insights on short notice to executives under extremely tight deadlines. <www.mariacostellonow.com>

COMPAS 176

Bill Kutik: Welcome to Survey Nation!

HRExecutive

SAP SF likes to talk about “O Data,” which is operating data coming from its existing suite. As compared to “X Data,” experience or sentiment data gathered by Qualtrics functionality. In short, results- and data-based learning.

Cafe Classic: How to Be Both Transparent and Secretive at the Same Time

Compensation Cafe

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?)

Let's Recognize Customer-Facing Jobs

Compensation Cafe

They consider education (what you know), experience (how long you have been doing something) and competitive survey data (what others are paid for a certain set of skills) in setting their pay scales. Have you ever stormed out of a store because of poor customer service?

How to structure employee compensation

Workable

They involve setting salary ranges and pay grades based on market data and job roles. Websites like Glassdoor , PayScale (employee-reported data) and Salary.com (HR-reported data) are good places to look for this information.

Best Applicant Tracking Systems in 2018

NextWave Hire

We received a lot of interest in the post given this data set hadn’t been explored before, and figured it was time for an update! We hope the data presented here will help you get a sense for the overall market. The Data Set. The data set comes from Datanyze , a sales and investing intelligence platform. One interesting way to slice this data is to see who’s growing the fastest. Issues with this data. COMPAS.

How to Use Compensation Analytics to Tell a Story

Compensation Today

After all that work to develop a stance and gathering data to prove it, make sure you take the time to determine the best way to deliver your message.

The Forgotten Employee

Compensation Cafe

They consider education (what you know), experience (how long you've been doing something) and competitive survey data (what others are paid) in setting their pay scales. Have you ever walked out of a store because of poor customer service?

Which Applicant Tracking System (ATS) Should We Use?

The Tim Sackett Project

We see that frequently with these types of reports that are built on bad data, but this report hits them differently, and most find some value out of what it’s saying. The data comes from over 3,000 employers from SMB to Enterprise, so a great sample size.

“5 Things We Need To Do To Close The Gender Wage Gap”, with John Schwarz CEO of Visier

Thrive Global

If there is a clear difference in scale or compa ratios, then it is clear there is a bias. When I started college in Canada, I had to use computers to do analysis on data in my chemistry class. We specialize in people analytics and workforce data.

Help Managers Play the Game: Give Them the Right Equipment

Compensation Today

It helps to choose a compensation data provider that allows you to account for all of the purple squirrel attributes your managers believe are key to their roles. More is not always more, especially when it comes to compensation data.

The Case for Automating Human Resources

Corn on the Job

For instance, one study published in Information Systems Research (ISR) involved assessing data taken from two different hospitals over a 3-year period. Your entire staff will thank you when you do, as will the customers you serve because a well-oiled company is a compa.

What’s Your Most Useful Metric? More Results of Our HR Metrics Survey

HR Daily Advisor

of respondents keep metrics relating to compensation, with large percentages of them tracking compensation by internal and external pay equity as well as pay vs. midpoints (or compa-ratio). So you have collected a big heap of data.

The Pay Business is the People Business

TalentCulture

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. Defend your pay decisions with data. The Modern Comp Manifesto.

HR TechStack – Onboarding Software

WhoKnows

Note: The list is not in any particular order, and the list is constantly updated, bookmark this page for your future reference & fresh data. Compas ATS. It is all there – all of your workforce data – in one system, and that is important. HR Onboarding Software Definition.

The Pay Business Is The People Business

SuccessFactors

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. Defend your pay decisions with data.

HR TechStack – Applicant Tracking Systems

WhoKnows

Note: The list is not in any particular order, and the list is constantly updated, bookmark this page for your future reference & fresh data. Compas for Staffing. It is all there – all of your workforce data – in one system, and that is important.

HR TechStack – Onboarding Softwares

WhoKnows

Note: The list is not in any particular order, and the list is constantly updated, bookmark this page for your future reference & fresh data. Compas ATS. It is all there – all of your workforce data – in one system, and that is important. HR Onboarding Software Definition.

Julie Jensen: “Give the employee an opportunity to respond to your feedback”

Thrive Global

As the head of HR, it was for me to know the data on employee qualifications, salary history, and where each person falls on market pay scales for their positions. However, once the project started, Ann became overwhelmed with the learning curve required to crunch the data properly.

Recap of HR Technology Conference 2019

Visier - Talent Acquisition

We were excited by how prominently people analytics featured in nearly every session: Josh Bersin proclaimed during his keynote, “If you don’t have a people analytics team yet, you should” Stacey Harris revealed that HR Data Analytics roles are the number one planned addition to HR functions in the annual Sierra-Cedar HR Systems Survey Findings Stacia Garr of Red Thread Research confirmed the market is hot: Customer growth rate is 16% growth in 2016-2017 to 60% in 2017-2018!

Are Your Compensation Policies Helping or Hurting You?

Visier - Talent Acquisition

This isn’t because of a lack of desire to make good decisions–it’s because complex compensation data is siloed in a payroll system wholly unsuited for doing analysis and disconnected from other measures of workforce success. .

T3 – Which Applicant Tracking System (ATS) is the best?

The Tim Sackett Project

We see that frequently with these types of reports that are built on bad data, but this report hits them differently, and most find some value out of what it’s saying. The data comes from over 3,000 employers from SMB to Enterprise, so a great sample size.