White House Announces PayScale Commitment to Largest-Ever Non-Compete Data Collection

Compensation Today

PayScale is thrilled to announce that we are launching a data collection effort, encouraged by the White House Council of Economic Advisers, in an effort to gain more understanding around the prevalence and impact of non-compete agreements in the U.S. By examining how non-compete agreements are used today, we hope to support a deeper understanding and provide more context for employers, employees and legislators. Non-compete agreements often hinder workforce mobility.

PayScale Is Headed to #SHRM17 Conference. See You There?

Compensation Today

Next week, June 18 – 21, the PayScale crew is off to New Orleans for SHRM17 Annual Conference and Exposition. We have two awesome prizes we’re raffling off: Trip to our own Compference 2017 , the modern compensation event featuring over 500 compensation leaders. Exploring the Compensation Data Landscape: Finding the Right Data Puts You Ahead of the Competition : This session will show you how you can have the right compensation data to help you win the talent war.

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PayScale and MarketPay Team Up

Compensation Today

PayScale Exciting News! PayScale announced it will merge with MarketPay! MarketPay, based in Denver, has a unique and powerful suite of applications that offer technology-enabled services for managing multiple sources of compensation survey data to price talent markets. PayScale will incorporate MarketPay’s advanced data management and market pricing applications for large organizations into its line of innovative compensation solutions.

PayScale Tools for Today's Comp Pro! Compensation Glossary: Part 1 of 4

Compensation Today

Jenni Marquez, CCP, PayScale Compensation Professional Even the most seasoned HR professional might take a big gulp if approached by their CEO to take charge of anything comp. That’s because, despite being part of the HR department, compensation is like the cool kid at a party. PayScale has you covered in our new, 4-part Comp Glossary. Today’s Lesson: A Little Comp 101 Consider the comp pros at PayScale to be an extension of your team!

PayScale Tools for Today's Comp Pro! Compensation Glossary: Part 2 of 4

Compensation Today

Jenni Marquez, CCP, PayScale Compensation Professional PayScale’s Comp Glossary returns! Consider the comp pros at PayScale to be an extension of your team! We’ve compiled a list of fundamental compensation terms and why they’re important to know. Why it matters: Often misunderstood but a very critical part of evaluating compensation is the benchmark job. 3) COMPENSABLE FACTORS Definition: The details about a job that influence how the job is paid.

Top Five Compensation Trends from 2016

Compensation Today

What trends have impacted compensation the most? In the spirit of the coming new year, let’s count the top five 2016 compensation trends! Count down the top #compensation trends of 2016! Gone are the days where companies compensate with just base pay. In order to compete for top talent, companies are exploring all options for recognizing and rewarding employees. Compensation Plans 2016 compensation trends compensation trends compliance mix pay transparency

7 Compensation Resolutions for 2017

Compensation Today

These notions of resolving are ones that I think are both difficult and necessary, especially in the field of HR and compensation in particular. Without further ado, Compensation Resolutions 2017: seven ways to start the new year right! Check out these seven compensation #resolutions 2017! 1: Develop Regular Compensation Reporting. I was working as a compensation consultant when the recession started to ease up. PayScale Crew is a good start.

How Compensation Can Help Your Company Innovate

Compensation Today

What we see every day here at PayScale is that businesses are now competing for talent from every industry. When we speak with manufacturing companies, they aren’t just looking for machine operators and production workers; they’re looking for compensation data on software developers and other high-tech talent. Just a couple of months ago, Facebook launched a competing app to Snapchat. Focus on Compensation. Compensation Is Much More Than Data.

Comp Strategy for Small Businesses: 2017 Compensation Best Practices

Compensation Today

Only 29 percent of small businesses have a compensation strategy, according to data collected for PayScale’s Compensation Best Practices Report , compared with 37 percent of all organizations — despite the fact that small businesses must compete with larger orgs for talent, generally with smaller compensation budgets. But without a compensation strategy, there’s no way for orgs to tell if their money is being used effectively … or wasted.

Which Compensation Structure Is Right for Your Company?

Compensation Today

Compensation structures continue to evolve, and they usually do so to help organizations keep current with both market and workforce trends. Some may wonder what compensation structures are. Loosely, “compensation structure” refers to the various ways that companies can organize their pay practices. How have compensation structures developed? Grades and Ranges: today’s compensation structure. Learn More About Our Compensation Software.

Developing a Compensation Plan, Step 2: Define Your Strategy

Compensation Today

This is a lesson from PayScale’s Modern Compensation Planning ecourse. With your new compensation philosophy hot off the presses, it’s time to go to market to identify the value of your jobs. The next two lessons in building your compensation plan will teach you how to perform compensation benchmarking. Decide on Your Compensation Strategy. What do you want to reward with your compensation dollars? Learn More About Our Compensation Software.

Developing a Compensation Plan, Step 3: Select Data Sources

Compensation Today

This is a lesson from PayScale’s Modern Compensation Planning ecourse. Now that you’ve spent some time thinking about the different parts of your workforce and where you compete for talent in each segment, you can apply that strategy when seeking out your data sources. Select Compensation Market Data Sources. Since there are a variety of compensation data sources available to you, it’s crucial that you choose wisely. Learn More About Our Compensation Software.

2018 Compensation Budgeting Forecast Part 3: Trends in Non-Profit Compensation

Astron Solutions

The world of non-profit compensation continues to see radical changes from the past. Previously, it was assumed that non-profits, due to the limitations placed on their abilities to generate revenue, were in the position of compensating their employees much below the market. The following are key trends in non-profit compensation design Astronology® readers need to know. Trend #2: Compensation Philosophy Statements. Who do you compete with for talent?

Surprising Statistics May Shape 2017 Compensation Programs

HR Daily Advisor

The pursuit of the right talent continues to be highly competitive and, according to the latest research from PayScale, that pursuit is shaping compensation programs and strategies. In fact, PayScale’s 2017 Compensation Best Practices Report (CBPR) reveals a shift in strategy, as well as a gap between the perceptions of employees and employers with regard to pay. Compensation practices are increasingly being used as a way to cement relationships with employees.

Compensation Trends: Disruption in Action at the 2017 Total Rewards Show

Compensation Today

In years past, PayScale has faced crossed arms, skepticism, and comments like, “I don’t believe in user-submitted data,” because we were doing something different (innovating?) in the world of compensation management. We were offering up our modern, mammoth data set of crowdsourced, vetted and validated “employee-sourced” data and traditional compensation pros were aghast. Learn More About Our Compensation Software.

3 Tips to Design a Transparent Non-profit Compensation Strategy

Compensation Today

Jessica Miller-Merrell, blogging4jobs PayScale reports that a more transparent compensation policy can support the recruitment and retention of employees at many non-profit organizations, especially in a growing multi-generational environment. It’s great to see organizations hiring again as we bounce back from the recession, but this increased competition for talent means nonprofits have to start thinking more strategically about their compensation budgets.

3 Compensation Strategies for Your Remote Workforce

Linkedin Talent Blog

Starting this month, Facebook will adjust its compensation based on the cost of living in the area in which an employee lives. Compensation packages based on geography aren’t new. The company has roughly three compensation zones within the U.S.,

How to Speak With Your Non-Profit Employees About Compensation

Compensation Today

By Sonnet Lauberth, PayScale Compensation Professional Compensation can be a tricky topic, especially within the non-profit sector where many employees feel that they are “overworked and underpaid.” However, when communication about compensation is handled correctly, it can increase employee trust in the organization, improve employee engagement, and decrease turnover. If you don’t currently have a compensation plan in place, now is the time to get started.

Customizing Compensation for the Aging (?!) Millennials

HR Daily Advisor

With a fixed compensation budget, you need to know how best to direct your dollars where they will give you the most bang for your compensation buck, so to speak. Payscale recently released a report, Compensation Challenges for a Multi-Generational Workforce , which provides some helpful insights in this area. No matter the size of the overall compensation budget, companies are wise to consider the way they allocate the budget among these tiers, Herner suggests.

Don't Miss this Summer's Hottest Compensation Events

Compensation Today

Taylor, CPC, PHR, SHRM-CP, PayScale Senior Blogger The summer months are just about to kick off and with the warmer weather comes new and exciting industry events. Each year, hundreds of thousands of organizational leaders, human resource practitioners, and compensation managers head for conferences and expos to learn about the latest in technology, best practices, and legal updates. Tess C.

Tech Industry Trends and Treats

Compensation Today

PayScale has a work hard, live well culture. My closet is bursting with PayScale t-shirt and sweatshirt pride. PayScale’s 2017 Compensation Best Practices Report gathered information from more than 500 respondents in the tech industry. At PayScale we believe in creating a win-win for employers and employees. According to the PayScale Index , wages for tech jobs have been outpacing average jobs since the end of the recession.

Compensation Management: Salary Benchmarking and Beyond

Zenefits

Many small businesses assume they don’t need to worry about compensation management. Other tools like PayScale, Salary.com, and LinkedIn Salary require a subscription or payment to access data but contain a larger number of job titles and data sets. This process is called compensation benchmarking. How is compensation benchmarking done? The first step in compensation benchmarking is to build a list of salary ranges for current and future job roles.

Compensation Round-Up: JLaw’s Gender Wage Gap, Transparency, and RIP Annual Raises

Compensation Today

Joleen Oerman, B2B Content Marketing Specialist, PayScale Welcome to the Compensation Roundup, where we bring to you the hottest news in comp! Sample what’s happening in compensation right now, get in the know and grab some conversation starters. So, how do you compete? Something to chew on… Groundbreaking PayScale Study Reveals Employees Value This More Than Dollars The Low Down: Fair pay, equitable pay, pay equality…we’ve heard it all lately.

Overcoming the Hot Job Challenge

Compensation Today

Job offers might be declined because they were based on insufficient compensation data. A lot of compensation sources only cover job titles by industry, revenue, company size, and region. Throwing even more fuel onto the hot job fire, when a high demand for certain skill sets fuses with a low supply of workers with those specialized skills, you get a bunch of companies aggressively competing against each other for those workers. Many of today’s companies are fusion companies.

4 Tips for Creating an Incentive Pay Program That Works

BambooHR

Editor’s note: This post originally appeared on Payscale’s Compensation Today blog on May 8, 2018 The way you design your incentive pay program can make a big difference to multiple pieces of your business, so it shouldn’t be an afterthought. Organizations are using variable pay programs to help them compete for talent, to combat turnover, and motivate […]. Guest Posts Payroll & Compensation

Readiness Checklist: How Do You Know the Right Level of Pay Transparency for Your Org?

Compensation Today

PayScale data suggest that about half of all organizations are aiming for pay transparency in 2017. PayScale data suggest that about half of all organizations are aiming for pay transparency in 2017. PayScale’s Compensation Best Practices Report (CBPR) revealed that 49 percent of organizations were at level 1 transparency in 2016, although only 27 percent are aiming for level 1 transparency in 2017. Learn More About Our Compensation Software.

Guiding Discussions About Talent Markets

Compensation Today

The quest to understand how businesses are competing in the market for jobs would be a lot easier if you had a crystal ball. We all know we are competing in the ‘market,’ but how do you define what the market is? in order to provide an analysis of compensation trends and wages. The data should provide insight into jobs that are in demand and a meaningful understanding of how those jobs are being compensated. What is the compensation philosophy of the organization?

When You Need to Move Beyond Data for Pay Decisions

Compensation Today

We live, love and dream about data here at PayScale, and big data is driving business and pay decisions across industries and functions. But when it comes to data-based decision-making, there a few occasions when decisions about pay and compensation need to go beyond the data. Here are some examples: You Compete With a Different Location, Industry or Company Size for Talent. Learn More About Our Compensation Software. Data, data, data.

Top 16 Compensation Blog Posts from ’16 (Part Two)

Compensation Today

Yesterday we counted down the first half of the top 16 most viewed compensation blog posts from 2016. PayScale’s own Payroll Manager, Kate Jesse, breaks the facts down into human speak in this readable-but-technical post. #6: 5: White House Announces PayScale Commitment to Largest-Ever Non-Compete Data Collection. The fifth top Compensation Today post shared the announcement of the data-collection and we can’t wait to see the results! #4:

How to Turn Pay Secrecy Obstacles Into Pay Transparency Opportunities

ExactHire

In terms of both the money required to pay fees for compensation software, as well as the investment of time in mining the data to incorporate it into internal pay decisions, being more transparent about pay requires an employer to be solid in how it determines the going rate for different positions. It helps your organization more effectively compete for talent by ensuring that you regularly evaluate the system to ensure it is still reflective of market pay.

Building Salary Ranges for Beginners, Part 1

Compensation Today

By Jenni Marquez, CCP, PayScale Compensation Professional “What’s the typical salary range for an administrative assistant?” Here at PayScale, we work with a lot of companies who are trying to determine typical salary ranges for their jobs. As an HR Professional, it is your job to identify when a compensation plan is needed and, more importantly, to educate your leadership team that creating pay ranges is good for the business.

Do Job Analysis and Evaluation Still Apply in Today’s World

New to HR

But hierarchies also tend to organise the working environment by rank, with the higher levels of management separated from the workface not only by grade and payscale, but by distance, reducing effective co-operation. This enables strategic management of payscales to balance the bottom line with the need to attract and retain competent employees. Compensation & Benefits HR New to HR talent management

Should I Get Certified? The Importance of HR Certification

Ultimate Software

In 2008, HR professionals who had obtained a certification were paid, on average, 17% higher than those without; in 2018, Payscale reported that that figure was an incredible 31.6 %. The Society for Human Resource Management (SHRM) also offers two competency-based certifications. Other professional associations offer certifications in areas such as compensation and benefits management, talent development, and learning and performance.

Why Increasing Pay Isn’t Always the Answer

Compensation Today

Sonnet Lauberth, PayScale Compensation Professional In my time as a Compensation Professional at PayScale, I’ve helped over 75 organizations develop a co mpensation strategy and structure to suit their needs and spoke with hundreds of companies about the challenges they face regarding compensation. Time and time again, the top two challenges I hear are that they don’t have a compensation structure in place and/or they have employees who feel they are underpaid.

HR Big Data Continues to Float to the Cloud

Compensation Today

Taylor, PHR, SHRM-CP, PayScale Senior Blogger PayScale’s 2015 Compensation Best Practices Report indicates that HR technology will become hugely important in the coming years. Since PayScale last reported on this topic , many more companies have moved to cloud technology – as a way to create and manage complex compensation programs. The fact is, cloud computing is still adapting to the changing needs of the compensation and HR markets. Tess C.