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How to Update Compensation Without Performance Ratings

Reflektive

But for many companies, removing ratings puts compensation into a black box — employees don’t know how their raises and bonuses will be decided, possibly undermining the goal of removing ratings. Here are some ways you can determine compensation without annual performance ratings. Self-Driven. Manager Bucket.

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California Firm Esri Reaches $2.3 Million Pay Discrimination Settlement

Trusaic

Despite continuous legislative and social efforts aimed at closing the gender pay gap, pay discrimination persists. While the news of the pay discrimination settlement is not good for Esri’s reputation or brand image, it’s worth noting that the company did enter an early resolution agreement to correct the alleged violations.

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Outsourcing HR Functions: Is it Worthwhile?

Hppy

While outsourcing is among the many trends in HR management , is it really worthwhile? Hiring a large team means that you should pay their salaries, benefits, workers’ compensation and create a large workspace to accommodate them. Being a new trend, businesses can work with remote teams to stay ahead of the competition.

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New York City’s Pay Transparency Law Requires Employers to Provide Salary Range Disclosures

Trusaic

The growing trend of pay transparency. New York City is the latest in a string of local jurisdictions and states to combat wage discrimination through pay transparency. PayParity helps your organization promote transparency through a holistic analysis of employee compensation at the intersections of gender, race/ethnicity, and age.

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Emerging Trends in Employment Laws for 2022

Hppy

Many local legislatures are also addressing workplace discrimination and this trend is expected to continue well into 2022. Changes to Discrimination Laws. Governments at both the municipal and state levels are making changes to discrimination laws in different areas of the country.

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What is Compensation Management?

Zenefits

One of the main benefits of a good compensation management system is pay equity, but there are ample other benefits, like aiding in budget creation, attracting recruits, reducing turnover, and more. What is compensation management? Compensation managers are an important asset to the company’s success.

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Employee compensation – what you need to know and why

Workable

Fostering a positive environment that supports team members as people instead of human capital is important, and in many instances, those initiatives are actually part of a compensation strategy, but a generous compensation package is a surefire way to catch the attention of quality candidates and establish loyalty with high-performing employees.