5 Ways to Empower Managers to Lead Compensation Discussions

15Five

At any stage of the employee lifecycle—from talent acquisition to performance management—compensation is always top of mind. While exciting perks garner initial excitement, the key to engaging and retaining talent begins with greater transparency and understanding around compensation.

7 Current Post-Pandemic Compensation Developments

Compensation Cafe

The past couple of weeks have shown us that compensation in a post-pandemic world may be less predictable than predicted. Equity compensation vesting schedules may finally be changing. Equity Compensation vesting schedules are changing to correct a well-known problem.

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5 Mistakes Compensation Managers Make

Decusoft

Due to the complex nature of compensation package design and performance management , many possible pitfalls and expensive errors can occur. Trying to design a compensation strategy yourself can be daunting for some companies and can lead to costly mistakes.

Benefits of Compensation Analysis

Decusoft

It is important to conduct compensation data audits frequently in order to produce an equitable and appropriate compensation plan. Compensation benefits research is necessary to ensure fair working conditions and helps improve employee retention plans.

Adapting, Evolving and Staying Competitive in a Disrupted Economy

COVID-19 continues to shape the way we live and work. Organizational success depends on workforce wellbeing, and employee needs are varied and constantly changing. It’s clear that a more flexible and strategic approach to total compensation is required to create a better path forward. The 2021 Q1 Gallagher Better WorksSM Insights Report: The Path Forward explores and how employers can balance workforce expectations against organizational goals. Discover how you can review and implement new technologies, develop updated and forward-looking strategies, and evolve your employee value proposition to create a more engaged and resilient workforce.

Why Your Compensation Management is Failing to Attract and Retain

ClearCompany HRM

Compensation – it is so tightly connected with performance management, attraction and retention. Ventana research revealed the top goals for compensation management among the companies they studied are to better align the workforce to strategy and goals while improving efficiency. Employee Retention Talent Attraction Compensation Talent Lifecylce Compensation Management Yet, all of these processes are incredibly disjointed.

Compensation Air Traffic Control

Compensation Cafe

The swirl of tasks and requests can make a compensation professional feel more like they work in air traffic control. Compensation can often seem pedestrian, but in times like this, your job may be similar. Dan is also a leading expert on incentive plans and equity compensation issues.

Compensation Managers Need to Manage

Compensation Cafe

I once supervised a strong performing technical compensation analyst who was eager to work his way into a management role. A long time ago, when I was a Compensation Analyst myself, I worked on a lot of spreadsheets and job evaluations.

An Employers Guide to Agile Compensation Strategies

Get Hppy

Is your compensation plan like an ocean liner or speedboat? In addition, pay grades can be a helpful framework for streamlining compensation if market data is not found to price jobs. What does an agile compensation strategy look like?

Fundamentals of Executive Compensation

Decusoft

Are you new to the world of executive compensation? Do you want to make sure you have the foundational skills you’ll need to create executive compensation programs that will help you cultivate, inspire, and keep the talent you’ll need to meet your company’s goals?

Compensation Dictionary

We’ve compiled a list of fundamental compensation terms and why they’re important to know. Think of this as your comp cheat sheet—terms you need to know to put you on the fast track to becoming that cool comp kid we know you can be. Sure, you’ve heard some of the terms before, but you have no idea what they mean. Not to worry! Download this eBook and you’ll be ‘comp’letely fluent in no time.

Does Compensation Motivate Employees?

HRsoft

Many employers believe that an excellent compensation package holds the key to employee engagement and motivation. Effects of Compensation on Employees. According to studies, compensation packages have a huge impact on an employees’ level of engagement.

Is Geographic-based Compensation Still Relevant?

GetFive

But another factor that is being rocked by remote work is compensation. Compensation analytics firm Aon contends that since more people are working remotely and will likely continue to do so, it’s prudent for companies to rethink their policies for geographic-based pay.

The Origin of the Executive Compensation Industry.

The HR Capitalist

General Motors had hired Patton to do a study of executive compensation, and he did so by surveying 37 major companies. Communications Compensation Innovation

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.

Small Business Compensation Trends for 2018

We’ve developed a special edition of PayScale’s 2018 Compensation Best Practices Report (CBPR) specifically for small businesses. It covers everything from base and variable pay practices to competitive jobs, retention concerns and mergers & acquisitions.

SPAC Attack: Executive Compensation Top 10 List

Compensation Cafe

If you are reading this series ( SPAC Attack 1 , Equity Compensation ) of articles closely, you are probably working at a high-growth, privately-held company with aspirations of being an even higher-growth publicly traded company.

What COVID means to compensation

HRExecutive

This is the second in a series on compensation during the pandemic. The coronavirus pandemic has upended scores of traditional HR structures: hiring, recruiting, onboarding and compensation. This is the second in a series on compensation during the pandemic.

A Clear View of the Talent Lifecycle: Compensation [Part 5]

ClearCompany HRM

The average time-to-hire is at a 5 year high, and the skill gap is widening; employers are having a harder time than ever managing the balancing act that is compensation. With 52% of employers ranking hiring and retaining talent at the top of their business challenges, it is vital to get compensation right. Talent Lifecycle Compensation

Compensation Transparency

China Gorman

Transparency in Compensation: Trends and Best Practices , underwritten by salary.com , is a thoughtful and interesting discussion of the impact of different levels of transparency in the workplace – from too little to too much. Being more forthcoming with our employees – and not just on compensation practices – will help us win the War for Talent. Ben Eubanks China Gorman Compensation Data Point Tuesday Lighthouse Research and Advisory salary.com transparency

The 2019 PayScale Wage Index

No matter your industry, it's crucial that you stay up to date on the current compensation trends. The PayScale Index will let you do just that - it tracks quarterly changes in total cash compensation for full-time, private industry employees in 19 job categories. Get the report today, and start taking advantage of these crucial insights.

The Re?al Politik of Compensation

Compensation Cafe

I once supervised a Compensation Analyst who had spent a great deal of time attending professional seminars and workshops. She had attended these instructional sessions to learn about Compensation as part of her professional development.

Top 3 Compensation Considerations for Employers

ClearCompany HRM

Payroll is commonly the highest business expense, and compensation is far from being a cut and dry number. Compensation There are so many factors that go into calculating the actual cost of each and every employee. So, that $30,000 salary might be more in the realm of $44,000+ in total costs to the organization. As the highest and most impactful expense in business, it’s vital for leaders to have a true understanding of the real price tag on your workforce.

5 Ways To Create the Perfect Compensation System

Get Hppy

One of the most complicated areas of the Human Capital Management (HCM) sector is compensation management. Refine Your Compensation System Regularly . When performing pay audits, keep in mind the compensation patterns in your industry. Final Thoughts On Compensation Systems .

Compensation Package: A Guide For HR

Digital HR Tech

Offering an appealing and generous compensation package is an important part of your employee value proposition. To stand out from other organizations, what should your compensation package include and how do you go about assembling one? Contents What is a compensation package?

Small Business Guide to Comp Benchmarking

To compete in today’s market, you must know what the market pays for certain skills so you can develop fair and competitive offers. Understanding the market, then determining guidelines for pay isn’t just a nice to have for today’s talent, it’s a must have.

5 Steps For Compensation Across Generations

ClearCompany HRM

As such, compensating the college grad and the executive, and everyone in between means taking on few different steps in the process. Here’s how to distribute employee compensation fairly across the board: Culture EmploymentPeople of all ages and from all generations spend their days working. From the very beginning stages of a career to the golden days nearing retirement, (most) people work for a living. They may work the same, but they’re at different steps in their lives.

Compensation Surveys: Are They Necessary?

Astron Solutions

Finding the fairest and most motivating compensation for your team members is one of the most important jobs for HR leaders like you. A popular method of evaluating a fair employee compensation strategy is to refer to a valid compensation (or salary) survey. Compensation

Cafe Classic: Compensation in Context

Compensation Cafe

I always thought there was a strong connection between compensation and organizational design. I couldn’t “do” compensation unless I had organization charts. I’m going to tell a story that I hope will make you see a parallel to compensation. . Editor's Note: Context matters.

Compensation Communication Tools for Managers

Compensation Cafe

Take a look: Reinforce that the compensation study has confirmed that our compensation is competitive, and the new compensation plan practices are common in companies of our size, client relationships and sales objectives. Careers Compensation Communication

Charting Your Course Through Changing Regulations

Speaker: Bonnie Treichel, Senior Consultant & CCO, Multnomah Group

The world of work is changing. Today it is easier than ever to have employees in multiple cities across several states. Multistate offices used to be reserved for very large employers, but with today’s technology, even smaller employers can embrace this game changer. For employers, the multistate workforce allows the opportunity to cast a broader net to attract the best and brightest talent to the workplace. At the same time, it comes with challenges, including compliance with a variety of rules and regulations across different states and municipalities – some of which may conflict with federal law – and failure to comply could be quite costly.

SPAC Attack – 5 Critical Equity Compensation Issues

Compensation Cafe

In my next few posts, I want to drill into some key considerations for compensation and HR professionals. Since I started my career working with equity compensation plans, it seems right that it's where I will also start this series of posts. SPACs are going to be here for a while.

Compensation Management Software – The Key to Strategic Compensation Planning

HRsoft

Where Do Compensation Management Systems Fit Within Your Company? A compensation software solution can reduce the tedious labor of personnel-driven analysis, tracking and planning out of the process. Compensation Software – A Building Block in Achieving Business Goals.

Workers’ compensation for remote employees: a guide

Insperity

Do you need to worry about workers’ compensation for remote employees? When your organization adopts or expands a work-from-home policy, it’s a good idea to take a fresh look at your workers’ compensation coverage and processes. What does a workers’ compensation investigation involve?

Remote Compensation – What About Equity?

Compensation Cafe

So far, we have just scratched the surface of compensating people in the new “remote” world. In this post we open up our Remote Compensation Master Class (it sounds more important that way.) For many, this rule extends to compensation from equity plans.

Compensation 101: A Beginner's Guide to Compensation Management

In a tight labor market it’s critical that you get compensation right. That’s why we created the ebook, Compensation 101: A Beginner's Guide to Compensation Management.