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Compensation Challenges in 2022: Brace for Turbulence

Astron Solutions

We are facing an interesting time in compensation. The events of 2020 and 2021 have left a mark on how both employers and employees view work. In this Astronology® we will review some of the factors in play with the current compensation upheaval. Navigating Compensation Challenges in 2022: Three Tips.

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Six Considerations When Evaluating Your Compensation Strategy

Tandem HR

While compensation is only one factor for recruiting and retaining talent, it is critical to your overall HR strategy. Whether initiating or updating your compensation strategy and philosophy, the following best practices may help guide your process and decisions. This essential business asset deserves a well-crafted strategy.

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3 Ways to Help Employees Understand Their Worth

Cornerstone On Demand

" The lack of communication around compensation leads employees to make their own assumptions about their worth — and how their paychecks stack up to their peers. Always Pair Compensation With Explanation. When you are able to give employees a raise or bonus, make sure to explain why you're giving it.

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How Much Compensation Does it Take to Make Appreciation Unnecessary?

Compensation Cafe

Thanks to this article by Nestor Ramos and this one by Nicole Yang, both from The Boston Globe, I’m now also familiar with Brady’s compensation ($41 million in NFL contracts alone) and his sense of feeling underappreciated. Yes, the NFL’s Most Valuable Player feels underappreciated.

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Recognizing People: A Recap of the WorkHuman Conference

Compensation Today

Globoforce , the company behind WorkHuman, is a recognition company so the topic featured fairly prominently. Prior to the conference, I knew I valued humans – after all, we talk about being whole people at PayScale often – but I wasn’t a firm believer in the value of recognition itself. PayScale’s Dovetailing Interests.

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15 Effective Employee Morale Examples To Boost Morale in 2024

Analytics in HR

Recognition programs Everyone loves to hear that they’re doing an outstanding job! Implementing an employee recognition program can contribute to building a culture where recognition becomes second nature to all employees. It’s a wonderful feeling to be appreciated and have your efforts recognized.

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Overcoming Pay "Perception Is Reality" with More Communication

Compensation Cafe

How does this relate to compensation? PayScale recently surveyed 71,000 employees on pay perceptions and intent to stay. As compensation professionals or HR business partners, we must equip our managers with the information they need to have these detailed conversations.