Diversity Considerations in Compensation: Part 2 – Workplace Currency, Manager Favoritism

Compensation Today

This is an excerpt from our recent ebook collaboration with BambooHR entitled How to Turn Diversity Into a Major Asset for Your Organization. We (reasonably) expect to receive some sort of compensation in exchange for our efforts. Learn More About Our Compensation Software.

Diversity Considerations in Compensation: Part 1

Compensation Today

This is an excerpt from our recent ebook collaboration with BambooHR entitled How to Turn Diversity Into a Major Asset for Your Organization. The big connection between diversity and compensation is fair pay. Learn More About Our Compensation Software.

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Diversity, Inclusion and The Workplace

HR Counselor's Corner

Workplace diversity is understanding, accepting, and valuing differences in people. Differences in education, as well as personalities, skill sets, experiences, is also included in the definition of diversity. So, what does it mean to have Diversity and Inclusion in your workplace?

A Head of Diversity & Inclusion Shares How to Run a Pay Equity Analysis

Visier

At Culture Amp, we run a pay equity analysis toward the end of every merit cycle to identify and address compensation imbalances. There are other factors to consider as well–such as if your workforce is distributed across locations with varying compensation bands.

Applied AI in Talent

AI is both disrupting and transforming everything about workforce management. For HR leaders, that means changing the types of skills and competencies companies need, changing the way existing employees do their jobs, and altering the recruiting landscape. This handbook looks at how AI is shaping the way we think about workforce planning and development at the highest levels.

3 Tips for Compensation Communication

HRsoft

From paid time off to tuition reimbursement, compensation goes far beyond base pay alone. Communicating compensation is essential to helping them see a complete overview of how they’re rewarded. Establish a Compensation Philosophy.

Compensation Cafe: Cultural Practices for a More Dynamic Workplace

RecognizeThis!

Recognition of differences and diversity. Constructive debate often comes from diverse perspectives and the ability to give voice to those perspectives. Culture Management Social Recognition WorkHuman coaching Diversity hierarchy performanceBy Derek Irvine. Recognize This!

The interesting link between diversity and EX

HRExecutive

While research has shown that companies with gender diversity already are typically better poised to turn a profit, a new report from Willis Towers Watson has found an additional benefit of gender diversity. For its analysis, WTW linked diversity practices with opinions from 1.7

How HR Can Tackle Diversity Using the Rooney Rule

Visier

In August 2015, the need for more workforce diversity was spotlighted in a big way when President Obama issued a call to action to technology companies, encouraging them to hire more women and minorities by implementing the Rooney Rule. Metric to watch: Diversity of interviewed candidates.

4 Ways HR Analytics Can Improve Workplace Diversity

Cornerstone On Demand

has always been known as a melting pot; diversity is its strong suit. However, when it comes to corporate America, diversity has historically been lacking. The Business Case for Diversity. Plain and simple, a diverse talent pool leads to diverse ideas. The U.S.

Making Diversity Central to Success: Q&A With Chevron’s Chief Diversity Officer

HR Digest

Diversity is an overused word, but at Chevron it’s a perfect description of its corporate culture. The company’s 2018 Corporate Responsibility Report highlights how diversity and inclusion (D&I) feature so centrally in the company’s success story.

Nonprofit Employee Compensation: Understanding the Essentials

Astron Solutions

Strategic employee compensation is an essential ingredient of success for any organization. Compensation strategies should lay foundations for sustainable growth by encouraging employee retention and long-term engagement. Modern approaches to nonprofit employee compensation.

15 Ways to Improve Diversity and Inclusion in the Workplace

SocialChorus

Mention diversity in the workplace and you’ll generally get a positive response from executives. That’s because most of them understand the many benefits of a diverse workforce. Diversity in the workplace benefits. And execs know a diverse workforce (in age, race, religion, nationality, sexual orientation, and gender) brings diverse viewpoints and perspectives to the company; these elements can help you develop great new products and great new ways to cater to customers.

Workplace Diversity: Does Your Company Have What Women Expect?

Yello

The tightest labor market in decades demands employers step up their games now, with targeted strategies that align with and reflect women’s preferences about workplace diversity and recruiting. Women Want to Work for Diverse and Inclusive Employers . Diversity and Inclusion

6 Noteworthy Benefits of Compensation Planning Software

HRsoft

The needs and expectations of today’s workforce are more diverse than ever. 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.

Cafe Classic: What Compensation Can Learn From Marketing

Compensation Cafe

When business professionals suggest HR/Compensation needs a stronger background in business, they probably mean overall Business Strategy as well as some Accounting and Finance. I am personally fascinated by Marketing and how much in common I think it has with Compensation.

One Woman is Ruining Executive Compensation

Compensation Cafe

Her pay represented 16% of all the compensation the same group. I also think that gender equity and equity across diversity, in general, will become a non-issue only after the problem has been fixed at the top levels. Compensation Philosophy Executive Compensation

Five Recruiting Tips to Increase Diversity in the Workplace

TalentCulture

A new Deloitte survey finds companies’ interest in diversity in the workplace is focused on bias in recruiting and the use of new tools to reduce this bias. 68% of companies they surveyed measure and monitor diversity and inclusion in their recruiting.

Sparking The Tipping Point: 4 Ways You Can Fight For Diversity & Inclusion

Ultimate Software

March is Women’s History Month, and we’re talking all things Diversity & Inclusion. As a society, we use a highly diverse set of technology tools every day. But there’s a disturbing lack of diversity within the tech industry.

Diversity and inclusion in the workplace: Are employers doing enough?

ThoughtFarmer

If you are having trouble understanding the importance of diversity and inclusion (D&I) in the workplace, you aren’t alone. Spurred by a growing social consciousness, businesses are slowing making a more concerted effort to improve diversity and inclusion in the workplace.

3 Ways to Make Diversity and Inclusion Initiatives Stick

Cornerstone On Demand

Diversity and Inclusion (D&I) is no longer about filling a quota. McKinsey's 2015 Diversity Matters report revealed a strong correlation between diversity and financial performance. According to the findings, companies in the top quartile for ethnic and racial diversity are 35 percent more likely to perform above the industry median compared to those in the bottom quartile, while gender-heterogeneous companies outperform by 15 percent.

Want a Better Culture? Set Compensation Strategy Accordingly

Compensation Today

With five generations in the workforce , we’re seeing more diverse needs and motivators across employee populations. Compensation should be a reflection of and an extension of your culture. How Are Compensation and Culture Linked? But how do compensation and values connect?

Enabling Diversity of Experience in the Organization

Compensation Today

This is an excerpt from our recent ebook collaboration with BambooHR entitled How to Turn Diversity Into a Major Asset for Your Organization. Experience is one of these areas where we can proactively design for diversity. There are a few ways to look at experience: Diversity of Time.

Use 'The Interruption Strategy' to Tackle the Diversity Gap

Cornerstone On Demand

population will soon be more diverse than ever: Census data suggests there will be no ethnic majority in the next 10 to 30 years. Williams writes, “When an organization lacks diversity, it's not the employees who need fixing. " There are many emerging strategies to increase diversity and eliminate bias in organizations — including several focused on using big data to tackle the problem. Talent Management Diversity

Unemployment Compensation 101

HR Daily Advisor

Unemployment compensation is meant to help keep struggling individuals and families out of poverty while they search for employment. Unemployment compensation is federally regulated and is administered at both the state and federal level.

Compensation’s Role In Acquisitions

Compensation Cafe

Much has been written about acquisitions and Compensation’s involvement in them. Regardless of whether the target company will be an autonomous operation or fully integrated into the parent company, Compensation in the acquiring company has work to do.

How To Communicate Compensation Plans to Differing Generations

Compensation Today

One helpful demographic to consider when crafting your compensation communication plans is generation. Different generations have different preferences when it comes to talking compensation. Learn More About Our Compensation Software.

5 Ways to Build Up Your ‘Diversity Fitness’

HR Daily Advisor

For years, technology leaders have been talking about diversity. Side note: If you’re still not convinced diverse companies perform better , you’ve got some reading to do before going any further. Building a diverse company is a marathon. ” Compensation Fitness.

Cafe Classic: Compensation Communication Professionals? Who Are Those Guys, Anyway?

Compensation Cafe

It's the eternal worry when you ask professional communicators to write compensation communications. The same could be said for many compensation specialists according to our founding writer, Margaret O'Hanlon, who wrote this article to help us work together more effectively.

VP of Equality Is The Rationalized Replacement for VP of Diversity at Salesforce.

The HR Capitalist

Take a look, interesting stuff from Salesforce as they seek to change the narrative from Diversity to Equality. There’s a lot of companies across America that struggle with Diversity hiring. Turns out the answer isn’t more DIVERSITY, it’s more EQUALITY.

Enabling Diversity of Skill in Your Organization

Compensation Today

This is an excerpt from our recent ebook collaboration with BambooHR entitled How to Turn Diversity Into a Major Asset for Your Organization. We’ve already talked about diversity of skills as they pertain to levels of experience , but that’s more about hard skills.

Enabling Diversity of Opinion in Your Organization

Compensation Today

This is an excerpt from our recent ebook collaboration with BambooHR entitled How to Turn Diversity Into a Major Asset for Your Organization. Learn More About Our Compensation Software. Diversity of opinion is hard to measure, but it’s essential to developing well-balanced teams.

Executive Compensation 101: What to Consider

HR Daily Advisor

How do you decide the appropriate level of compensation? How do you align executive compensation goals with the overall company compensation philosophy? Executive Compensation–Consider the Angles. What items besides cash compensation can be offered?

Diversity and inclusion hits the main stage at Greenbiz ‘18

WeSpire

In a conference known for passionate presentations about the Circular Economy and renewable energy innovations, this year’s Greenbiz Conference featured, perhaps for the first time, a conversation about diversity and inclusion.

‘Managing’ Diversity for Your Organization: Inclusion, Employee Relations and More

Compensation Today

This is an excerpt from our recent ebook collaboration with BambooHR entitled How to Turn Diversity Into a Major Asset for Your Organization. When we talk about managing diversity, the reason we use the term “managing” is because it’s an active term — and diversity requires action.

How MM. LaFleur Built a Transparent and Equitable Compensation Strategy

Namely

HR Equal Pay Diversity & InclusionI joined MM.LaFleur -- a clothing brand, styling service and community for professional women—as a People Operations Manager in May 2017.

Tips for Preventing Fraud in Workers’ Compensation Claims

HR Daily Advisor

Most employers understand the benefits of workers’ compensation insurance. In the past, these suits were the only way for an employee to get bills covered, so they were much more common—workers’ compensation is in place to reduce this issue.). Types of Workers’ Compensation Fraud.