Compensation Today

OCTOBER 26, 2016

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.

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Compensation Today

JUNE 14, 2017

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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Compensation Today

APRIL 21, 2016

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.

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Compensation Today

OCTOBER 19, 2015

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!

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Compensation Today

OCTOBER 26, 2015

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.

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Compensation Today

DECEMBER 19, 2016

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

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Compensation Today

JANUARY 3, 2017

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.

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Compensation Today

JULY 18, 2017

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.

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Compensation Today

MAY 26, 2017

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.

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Compensation Today

MAY 8, 2017

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.

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Compensation Today

SEPTEMBER 8, 2017

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.

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Compensation Today

SEPTEMBER 11, 2017

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.

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Astron Solutions

SEPTEMBER 19, 2017

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?

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HR Daily Advisor

APRIL 25, 2017

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.

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Compensation Today

MAY 15, 2017

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.

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Compensation Today

JULY 2, 2015

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.

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Linkedin Talent Blog

JANUARY 14, 2021

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.,

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Compensation Today

AUGUST 20, 2015

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.

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HR Daily Advisor

APRIL 15, 2015

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.

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Compensation Today

MAY 9, 2016

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.

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Compensation Today

APRIL 20, 2017

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.

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Zenefits

MAY 9, 2019

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.

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Compensation Today

OCTOBER 28, 2015

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.

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Compensation Today

DECEMBER 27, 2016

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.

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BambooHR

MAY 17, 2018

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

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Compensation Today

AUGUST 7, 2017

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.

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Compensation Today

SEPTEMBER 30, 2016

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?

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Compensation Today

AUGUST 17, 2017

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.

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Compensation Today

DECEMBER 30, 2016

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:

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ExactHire

AUGUST 25, 2016

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.

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Compensation Today

JULY 29, 2015

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.

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New to HR

APRIL 28, 2015

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

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Ultimate Software

AUGUST 8, 2019

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.

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Compensation Today

NOVEMBER 25, 2015

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.

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Compensation Today

JULY 15, 2015

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.

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