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7 Compensation Practices of High-Performing Organizations [New Research]

Lighthouse

Over the last few months we’ve been working on our 2023 Compensation Data and Technology Trends research that we update every two years. In this year’s findings, we uncovered some new areas of interest, from how and why companies adopt these technologies to how they are changing their use of data to support comp practices.

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Compensation policy template

Workable

This policy template provides a comprehensive framework for managing employee compensation. It covers all aspects of compensation, including salary ranges, bonuses, benefits, and equity. What is a compensation policy? A compensation policy is a document that outlines an organization’s approach to compensating its employees.

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How to build compensation planning grids that support managers

Decusoft

Hint: It’s more than just filling in a number Ask managers about their ideal compensation planning scenario, and they’ll describe an alignment of certain conditions. But speak to a few more managers, and you’ll uncover an unhappy reality: Managers are not equipped with the tools they need for efficient compensation planning.

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How to keep compensation planning from running off the rails

Decusoft

If you are a human resources professional, it goes without saying that the annual or quarterly compensation cycle is going to be among your busiest times of the year. There’s a lot to be managed in a short period of time—setting budgets, checking eligibility, updating guarantees, and validating data.

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Small Business Guide to Comp Benchmarking

Understanding the market, then determining guidelines for pay isn’t just a nice to have for today’s talent, it’s a must have. Download this eBook and learn: How to choose a compensation strategy. What comp data sources to use. How to turn market data into guidelines for pay.

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World Cup Champions U.S. Women’s Soccer Team Fights for Pay Equity

Trusaic

“Men are so often paid and compensated on the potential that they show, not necessarily what they’ve done… And women are so often paid on what they’ve actually done…” Megan Rapinoe, U.S. Women’s Soccer Team (USWNT) earns just 89% of the men’s team’s compensation. 3 minute read . gender wage gap.

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Shift Differential: What It Is & How to Calculate It

Replicon

Shift differential is the incentive given to employees in the form of extra compensation for working shifts outside business hours. Benefits of Offering Shift Differential Improving Employee Satisfaction When employees are compensated extra for working non-traditional hours, they feel satisfied with their jobs and feel more engaged at work.