Compensation Singularities

Compensation Cafe

Have you heard of the Compensation Singularity Rule? It turns out the client had applied the Compensation Singularity Rule. As wizened compensation professionals I’m sure that you’ve realized that I am being tongue-in-cheek; you have all likely faced this phenomenon in the past.

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.

Compensation Dentistry (part 1)

Compensation Cafe

Compensation programs can often be the same. Most of us do our regular maintenance and keep our base pay in line with our philosophy and relevant data. It is the rare compensation professional who gets excited about these impending issues.

Culture and Compensation

China Gorman

PayScale has produced its 8 th annual in-depth report on compensation best practices: Comp is Culture. Even though I’m not an HR professional, much less a compensation professional, I found it fascinating. Especially the impact that compensation practices have on organization culture.

Small Business Guide to Comp Benchmarking

Compensation Data to be Dropped from Future EEO-1 Reports

HR Counselor's Corner

The Equal Employment Opportunity Commission (EEOC) recently announced that, effective next year, employers will no longer be obligated to provide the compensation data that was added as “Component 2” of the form in 2016. By Laura Pokrzywa, HR Consultant, East Coast Risk Management.

Educating Your Employees About Their Compensation

HR Bartender

I’d like to think if an employee doesn’t understand their compensation, it can be resolved with education. There’s more to compensation than the amount of money in an employee’s paycheck. I once worked for a company that told employees, “We survey employee compensation every year.”

Consider, Connect, Craft: 3 ways to improve compensation communication

Bersin with Deloitte

By leading the compensation conversation, you can help foster engagement and forge stronger relationships with your people. The days of squelching conversation about compensation are over. What can your organization do to better communicate about compensation?

Rewarding Ambition: Determining Compensation Within Your OKR Process

15Five

One of the most common questions we get asked as leadership team coaches is how Objectives and Key Results (OKRs) should be used to determine salary, compensation, or bonuses. You’ve likely already heard that OKRs should not be tightly coupled with employees evaluation and compensation.

Why Clean Data is the Best Data

Cornerstone On Demand

In today's HR landscape, data is having a moment. HR data is essentially HR business intelligence. All of the cool technology in the world cannot override bad data, which is why the accuracy of HR data is a highly strategic function. Technology as a Data Keeper.

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Compensation 101: A Beginner's Guide to Compensation Management

11 Reasons Your Equity Compensation Survey Data is Wrong

Compensation Cafe

And, with equity compensation the final answer is even squishier than other types of compensation. Data seems to be all over the place. Equity compensation really is that messy. That’s right, it’s at least eleven times as fun as basic variable compensation.

Improve Your Company Culture Using Data

Visier

In an interview with ic4p , Genentech, a global biotechnology organization, shared how they used attrition data paired with people analytics to understand which employees were at risk at their organization. By using attrition data, they found that commute time doubled within the last 15 years.

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Wow. That Data is Terrible!

Compensation Cafe

Almost every compensation professional I know can guess the base pay of mid-level accountant or software engineer with near-perfect accuracy. Given regional variations and other factors, most guesses are within 5% of current market data. In the best cases, the data is noisy or opaque.

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How to Use Data to Build an Effective Compensation Strategy

Namely

Talent Recruiting HR DataIn today’s competitive talent market , talent acquisition professionals and hiring managers face an increasingly daunting task when deciding what to offer to job candidates.

How to Build Pay Grades and Set Salary Ranges

Speaker: Jennifer Ferris CCP & Paige Hanley CCP

Join PayScale’s compensation experts as they show you how to build ranges from a market-centered midpoint, and how to use market data to update or create market-based pay ranges.

A Full Guide to Compensation and Benefits

Digital HR Tech

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.

Washington policy update: June 2019 Benefits and Compensation Bulletin

Bersin with Deloitte

Here is a quick roundup of recent legislative and regulatory developments relating to employee benefits and compensation. The tables are based on data collected for 2010-2014 (with a central year of 2012) and are intended to be used with appropriate projection scales for years other than 2012.

6 Noteworthy Benefits of Compensation Planning Software

HRsoft

To keep employees engaged and to reward them appropriately, organizations must use robust compensation programs that go beyond base pay to factor in elements of total rewards. Compensation planning solutions provide a number of key benefits for organizations. Enhanced Data Security.

Compensation Dentistry – 4 Things We Learned (part 5 of 5)

Compensation Cafe

So, what did we learn about the link between dentistry and compensation? Obviously, Dan Walter thinks about teeth and dentists far more than a compensation professional should. We need to do a better job of taking care of compensation when companies are young.

People, HR & Analytics

Speaker: Rodney B. Bolton SPHR, CEO, HR BIZZ

HR analytics empower organizations to use employee data to make better working decisions and improve performance in areas such as attracting top talent, accurately forecasting future staffing needs, and improving employee satisfaction.

HR Moments Matter: 3 Compensation Challenges Solved With People Analytics

Visier

In this series, Allison McConville, Visier’s VP of Human Resources , will share how you can use data to support the people moments that matter, enabling the best decisions for both your employees and your organization. In this post, Allison talks about Compensation.

What I Learned About Workers’ Compensation Data Collection from Having Two Young Boys

Prism HR

Reflecting on the incident, I thought about the parallels between what had occurred and the challenges businesses face when responding to and collecting data on workplace injuries. Alleviating the Pain in Data Collection. It’s also the beginning of the data collection process.

Compensation Planning Automation

HRsoft

Compensation planning plays a pivotal role in ensuring that your employees remain motivated to work for your company. Your best performers are always looking for the next best company where their talents can be better recognized and compensated for. Traditional Compensation Planning.

HR Moments Matter: 3 Compensation Challenges Solved With People Analytics

Visier

In this post, Allison McConville, Visier’s VP of Human Resources , will shares how you can use data to support the people moments that matter, enabling the best compensation decisions for both your employees and your organization. . Managing Compensation Costs.

Data Will Ease Your Compensation Headaches — But You Need More to Get Rid of Them

Compensation Today

A recent HR Dive article asked, “Can data solve employers’ compensation headache?” more and more organizations are scrambling to get their compensation ducks in a row. This is great and smart — we’re all for data around here. You Need a Compensation Plan.

Background on Compensation Survey Data

HRsoft

In this clip from the webinar, How To Build A Competitive Pay Structure with Compensation Survey Data, Mark Avery, CEO of MarketPay, gives an overview of survey data and why its used. Looking for more info on compensation management software?

Compensation Cafe: Chasing Best Practices

RecognizeThis!

These data are especially useful when aligned with the strategic direction a company has set, ensuring that time and resource investments are directed to where there is the most value. Bonus & Incentives Best Practices compensation performanceBy Derek Irvine. Recognize This!

Why Automate Compensation Planning?

HRsoft

Compensation planning is an essential element of any successful business. Making strategic pay decisions can help to support an engaged workforce, as compensation is an important factor in employee satisfaction. The post Why Automate Compensation Planning?

Taking Data-Driven Action

HRO Today

In fact, LinkedIn’s Global Recruiting Trends report indicates that 64 percent of today’s organizations use data at least occasionally and 79 percent are somewhat likely to take advantage of it in the next two years. Monitor the quality of the data. Look at data holistically.

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5 Features to Look for in Compensation Analysis Software

HRsoft

If you’re considering compensation analysis software for your organization, you may be shopping around to find the best fit for your needs. There are many factors to consider, including your company’s specific compensation planning processes and its technology budget.

Frozen Compensation Data? Let it Go!

Oracle HCM - Modern HR in the Cloud

Imagine a HR system where you can’t change or update any of the employee data. It sounds downright absurd, but compensation professionals know exactly what I’m referring to when I ask them, “Do you freeze your data?” Compensation Management compensation payroll workforce

IPO Equity Compensation Rollercoaster!

Compensation Cafe

This post is just a reminder of things any pre-IPO compensation or HR expert should know about what the world is like for the year after your IPO. IPOs and equity compensation have become almost mythical in the media and entertainment.

Cafe Classic: Your Compensation Philosophy is Not What You Say, It's What You Do

Compensation Cafe

We'd be wise to keep this in mind when considering our organizations' compensation philosophies. I have to smile when someone says: "We've never had a compensation philosophy." Even better is this: "We've never communicated our compensation philosophy to employees."

3 Outcomes Only the Best Compensation Management Software Can Achieve

HRsoft

To design an effective compensation plan, you must manage a complex set of variables. It’s no wonder the role of compensation and benefits professionals is so complex. The best compensation management tools are built with the ability to interface and align with your existing systems.

The Hitchhiker's Guide to Compensation Survey Pay Range Data

Compensation Force

This data can provide helpful context, but it is also at risk for being misapplied by practitioners who haven't the training or experience to correctly interpret the information. Base Salary Management Compensation Philosophy