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 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.

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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.

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.

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.

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.

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?

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.

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.

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.

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.

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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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.

Where's the Fun in our Compensation Jobs?

Compensation Cafe

We really don't spend much time studying the emotions we feel as we practice compensation. Some people find compensation basics boring -- job analysis, job definition, job pricing using surveys and so on.

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.

Washington policy update: November 2019 Benefits and Compensation Bulletin

Bersin with Deloitte

This post provides a quick roundup of recent legislative and regulatory developments relating to employee benefits and compensation. The post Washington policy update: November 2019 Benefits and Compensation Bulletin appeared first on Capital H Blog.

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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6 Things You Think Are True, But Aren’t (Compensation Edition)

Compensation Cafe

The video got me thinking about things compensation professionals believe that have little, or no, foundation in reality. Equity compensation is a great retention tool. It should be noted that tons of data also shows people do not understand their equity.

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.

If Data Says Punch Your Mom in the Face

Compensation Cafe

Imagine your pay data is like a self-improvement book. When it comes to pay trends and market data the line is not as bright, nor the negative consequences as personal, perhaps that is why I have seen so many cases of “we just did what the data said.” Sometimes data is bad.

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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.

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.

What Makes Compensation Planning Software Unique?

HRsoft

If you’re looking for technology to support your compensation planning process, you may be comparing different types of solutions. Here’s why you should look for a best of breed solution to power compensation management in your organization.

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.

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.

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.

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!

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?

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.

The Compensation and Benefits Manager – A Full Guide

Digital HR Tech

The compensation and benefits manager plays a key role in coordinating the corporate compensation and benefits department. We dive into the core responsibilities of the compensation and benefits manager, take a look at his/her salary, and finish up with an example job description.

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?

Astronology®: 2020 Compensation Budgeting Forecast Part 2: Incentives, Bonuses, and Variable Compensation

Astron Solutions

The design and implementation of variable compensation programs continue to grow throughout 2019 and it appears that this trend will continue into 2020. WorldatWork found that 84 percent of surveyed organizations used variable pay as part of their compensation program in 2019.

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

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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