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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Five Steps to Simplify Your Compensation Program

Astron Solutions

As compensation professionals we are often asked if there are alternatives to simplify the method by which compensation decisions are made and communicated within an organization. The following are five basic ways to simplify the complexities of compensation.

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Astron’s Yearly Compensation Review Part I: Base Pay Projections

Astron Solutions

Effective organizations will explore four key areas to better understand the “best” approach when it comes to 2019 base pay compensation budgeting: The 2019 Economic Forecast and Its Impact on Employment and Wages. Salary Budget Survey Data. Compensation costs increased 2.4%

How To Know If Your Defined-Benefit Pension Plan Is In Trouble.

The HR Capitalist

workers and offering pension buyouts to 100,000 former employees, as the conglomerate joins the ranks of U.S. which compiles data on the 100 U.S. Benefits Compensation Employee RelationsI'm not an expert on pension plan funding.

HR-tech providers are stepping up with free access to data, apps

HRExecutive

Despite “social distancing” and empty grocery shelves, employees are trying to preserve their daily routines under extraordinary circumstances. Christensen says smaller employers are struggling with three key challenges: employee safety, employee pay and the future of their business. “We

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Compensation Management is Important in Every Company

NGA Human Resources

Compensation management is vital for employee motivation. Everyone should be recognized for the value they bring to organizational success; not just those in companies with 1,000s of employees, and millions of dollars a year in salaries. What Is Compensation Management?

What to do when the data says you’re wrong

HR Examiner

“As we continue into the era of data analytics, big data, AI, and personal tracking devices every HR professional should be prepared to face data that contradicts their beliefs sooner or later. New data should allow me to re-think my position and I should be fine with that.

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The One Thing Employees Love About the Performance Review Process

HR Bartender

My guess is that the one thing employees like about the performance review process – besides really good constructive feedback – is the pay conversation. Employees know that once a year, they get to talk about pay. Even when I had all the data to back it up.

Diversity, Equity, and Inclusion: Where Do We Start?

Astron Solutions

Everything – the entire employee life cycle, from recruitment & hiring practices, to organizational culture, to employee exit. Use data and facts to evaluate candidates the same way – Says Webb, “Create a standard evaluation system and metrics and use them the same way.

4 Simple Things for HR Pros To Remember as Overtime Laws Change.

The HR Capitalist

Given the basic economics of the workplace, the new rule—which raises the salary threshold under which an employee is entitled to overtime —is just as likely to create less work for individual employees as it is to increase the amount of overtime American employees collectively earn. 1 is an increase in the minimum weekly salary to the 40th percentile of weekly earnings for full-time salaried workers, based on the Bureau of Labor Statistics (BLS) data.

Firing Employees Who Are Unproductive

UpstartHR

Awhile back I received an email from a reader about how to let an employee go who is not performing adequately. The Time Thief A few years ago a manager called me to see if I could look into an employee’s time card. What advice do you have for terminating employees?

Alleged Pay Discrimination at Google Makes Marc Benioff and Salesforce Look Amazing.

The HR Capitalist

Here's a rundown from the post : "In a panel at a conference organized by Fortune last week, Marc Benioff, the CEO of the cloud-based software company Salesforce, said that he recently ordered a review of all 17,000employees’ salaries to see if female employees’ pay was in line with those of male employees doing similar jobs. Department of Labor (DOL), available data suggests that women who work at Google suffer from "systemic compensation disparities" compared to their male peers.

This Is What Companies Do When They Are Getting Kicked by Entry-Level Turnover.

The HR Capitalist

Bertolini told employees at a meeting Monday the company is raising its minimum wage to $16 per hour in April. It will be a pay boost for about 5,700 employees, of which 26 are in Connecticut. Most of the employees who will benefit are in Texas, Arizona, California and elsewhere. The vast majority of Aetna''s 6,121 employees in Connecticut earn more than $16 per hour already. I hope it benefits our employees, and we will learn how it helps our overall business.

Engaging The Individual

New to HR

The need for a personalized way of dealing with employees will only increase and it is time to re-evaluate your reward system so you are ' not made fun of ' by the new talent flooding the marketplace. Technology is changing far more than how we utilize data.

Your Weekly Dose of HR Tech: Kashable – Low Cost Loans for Employees (@GetKashable)

The Tim Sackett Project

Today on The Weekly Dose I take a look at the HR Tech, voluntary employee benefit and financing solution for your employees called Kashable. Kashable is basically a simple way for your employees to borrow money, where you as a company are not involved, but can still ensure they get the assistance they need! Loaning out money to employees, through your company, always becomes a nightmare. Having this option for employees is important! .

HR Functions and Outsourcing

Astron Solutions

Some employers have found benefits in having a third party provide employee support for routine questions on areas such as benefits, payroll, and employee onboarding. It is thought that this particular shared service provides an organization’s employees with quick, reliable, and consistent responses. Compensation Administration. Do you have your HR team organize social activities and team building to boost employee morale?

Another View of HR ‘Big Data’

HR Schoolhouse

Last week I read this article explaining that “Big data knows when you’re going to quit your job before you do.” The article relates how VMware is using Workday to predict when and/if certain employees are in danger of leaving the organization. Businesses can input decades of historical staff data into Workday to inform and customize the system’s recommendations. This will only make employees less trusting of their employers.”. “A Big data.

Gender Pay Equality Lawsuits Prove Expensive for Companies

LaborSoft

In 2017, former Google employees filed a class action suit against the tech giant for gender bias, citing lesser pay and slow growth opportunities for women to get promoted from within. Compensation Discrimination Pay inequality isn’t limited to Hollywood or the Silicon Valley. Studies have found that the pay gap widens for diversity and disability employees despite the Department of Labor’s (DOL) rulings that make such practices unlawful.

The #1 Reason People Leave A Job Might Surprise You

SuccessFactors

Do you know the number-one reason employees leave a job? Multiple surveys have confirmed a manager can make or break an employee’s experience. A study by employee engagement firm TinyPulse identified various behaviors impact retention, such as micromanagement and a lack of opportunities for development. Compensation, culture, colleagues, and balance all play a role—but the crux is the person who holds the role of supervisor.

Workforce Analytics is Reinventing HR

Analytics Training

Over the years, organizations around the globe have spent billions of dollars on employee performance analysis, talent recruitment, leadership training, and development. I believe that the data will set you free. Once you know how to use your data, it is easier to achieve your goals.

CEOs And Employees Want Change – So Why Isn’t It Happening?

SAP Innovation

One of the things I consistently notice when speaking to employees about culture change is the finger-pointing back at senior management. They’re saying: “ Our employees don’t want to change. Employees blame management for not wanting to change or exhibiting the wrong behaviors.

Do You Know the Difference Between Cost of Labor and Cost of Living?

Compensation Today

I’m not sure how it happened, but understanding that there is a difference between cost of labor and cost of living seems to have become the sole purview of compensation professionals. Learn More About Our Compensation Software. Compensation Plans cost of labor cost of living

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End of 2016, Beginning of 2017 – Astronology® Looks Back on an Exciting Year in HR

Astron Solutions

In recent years, we have been peppered with discussions over living wages, the “Fight for $15” campaign, and their impacts on Human Resources and compensation. This technology can take many forms, including automation, gamification in performance reviews, and data analysis.

When employees ask for a raise: 5 steps to a win-win outcome

Insperity

When an employee asks you for a pay raise, it’s easy to feel taken off guard. Let your compensation philosophy guide you. If employees are frequently approaching you and inquiring about raises, the most likely culprit is that you lack a solid compensation philosophy. A compensation philosophy defines what’s important at your company when it comes to managing pay. Listen to your employees’ pay concerns. Up-to-date competitive market data.

Does the Ratio of CEO to Employee Pay Really Matter?

TLNT: The Business of HR

The Securities and Exchange Commission recently voted to require employers to disclose the pay gap between the CEO and his or her employees. Is the CEO-employee pay ratio a reliable measurement? This is not good press or a source of positive employee relations.

People Quality Makes For Picture Perfect Business

TalentCulture

If the data is right (the math is correct) and the color code followed accordingly (regardless if colored a bit outside the lines), then these two things coming together tell a vibrant story in and of itself. Gather real-time, actionable data.

5 Steps To Stellar Year-End Reviews

SAP Innovation

Just 7% of employees understand their goals and what they need to do to achieve them. Then there is the self-realization that it’s more fulfilling to aspire to something larger and that your performance and compensation are fundamentally intertwined.

BLR’s 2017–2018 Pay Budget and Variable Pay Survey

HR Daily Advisor

How much of an increase in pay are your employees receiving in 2017? last year and 16% the year before) of employers awarding merit increases of up to 2.5% (averaged across all employee types). A closer look at the data shows that 15% of employers awarded merit increases of up to 2.5%

Exit interview questions

Workable

Use these sample exit interview questions to identify areas of improvement at your company and end things on a positive note when an employee quits. Taking the time to talk to a departing employee can be beneficial for your company.

Taking the Guesswork out of Employee Pay - Part 1

Paycor

Feel more comfortable with how you determine employee pay at your company by learning how to align market pricing with your business strategy, understanding survey data and market pricing steps. Deep Dive - External Equity and Market Pricing.

The Fallacy of the Merit Increase: A Chat with Korn Ferry Hay Group’s Tom McMullen

WorkHuman

This is primarily due to relatively low inflation and a continued cautious economic outlook by many U.S. Senior leaders in some organizations are convinced they are not getting much value from the 3% being spread across its vast majority of employees. RELATED POSTS.

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401(k) Profit Sharing Plans: The Nuts and Bolts of a Great Benefit

Guideline

Profit sharing in a 401(k) plan is a pre-tax contribution employers can make to their employees’ retirement accounts after the end of the year. It’s a bonus with tax benefits : One way to use profit sharing is as part (or all) of your employees’ year-end bonus.

Top priorities for HR due diligence in a corporate transaction

Bersin

For organizations involved in a corporate transaction, understanding the HR-related impacts and potential risks from a financial, people/culture, and operational/structural perspective is vitally important to maximizing transaction value. Related links. Employee-related liabilities.

Key Roles and Responsibilities in an HR Department

Pingboard

Team members in payroll don’t just ensure that employees are paid accurately according to a specific schedule, but they also ensure that payroll systems are aligned with other systems in the company and that employees can easily access their payroll information when needed.

What cities pay HR professionals the most?

Select Software Reviews

With that in mind, we thought it’d be interesting to take a look at salary data for HR professionals across the US to see what cities pay the most, and the least. They work strategically with executives to ensure an organization’s compensation planning is aligned with business objectives.

7 HRM Books that Every HR Professional Should Read

Digital HR Tech

These are defined in five parts: recruitment, placement & talent management, training & development, compensation, and employee relations. It is easy for an employee to fool their boss into thinking they perform well by giving it their best.

Brazil Labor Law Changes in 2020

Global People Strategist

The most recent changes strive to simplify labor procedures and protect the employees, especially amid the coronavirus crisis. It contains the basic principles regarding employer and employee relations in the country. This includes employees who are: Directors of Labor Unions.

2020 and Beyond

HRO Today

From helping employees navigate their careers to delivering data and analytics about business performance, their contributions are numerous and multi-faceted. Employees demand to be placed at the center of talent strategy.

Are You Considering A Career In Human Resources?

TalentCulture

Before I started my career in Human Resources , I had a perception that the HR lady sat behind a desk the entire day, listening to people complain about problems at work, pushing a box of tissues across the table to emotional employees and dispensing motherly advice. Employee Benefits.

Could Robots Replace HR?

HR Daily Advisor

Technical activities, such as data collection and data processing, are very likely to be automated. A robot can spit out data, but it can’t create a strategic plan or mediate a conflict between two employees. Data Collection and Processing. Compensation.

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