Compensation Today

JULY 2, 2015

Jessica Miller-Merrell, blogging4jobs PayScale reports that a more transparent compensation policy can support the recruitment and retention of employees at many non-profit organizations, especially in a growing multi-generational environment. According to Nonprofit HR , 1 in 3 nonprofits report that hiring is the biggest staffing challenge. Without the right compensation strategy, you could be finding yourself with more than a few open positions.

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Compensation Payscale Strategy Competencies 86

HRExecutive

AUGUST 3, 2020

This is the second in a series on compensation during the pandemic. The coronavirus pandemic has upended scores of traditional HR structures: hiring, recruiting, onboarding and compensation. This is the second in a series on compensation during the pandemic.

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Compensation Bonuses and Incentives Hiring Software Payscale 96

Compensation Today

NOVEMBER 9, 2015

Jenni Marquez, CCP, PayScale Compensation Professional Let’s review. If the external inequity is due to internal pay being higher than market, then you likely have a compensation budget problem. 2) COMPRESSION Definition: Wage compression is the phenomenon that occurs when a new hire is paid the same as or more than employees with more seniority in the same job. Why it matters: Compression is one of the more challenging issues in compensation.

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Payscale Compensation Retention and Turnover Recruitment 66

Analytics in HR

JANUARY 25, 2022

Thorough compensation planning allows your organization to create compensation systems that reward employees fairly and support business goals. What exactly is compensation planning, what are its objectives, and how do you go about compensation planning in practice?

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Compensation Analytics HR Planning Bonuses and Incentives 76

China Gorman

MAY 2, 2017

PayScale has produced its 8 th annual in-depth report on compensation best practices: Comp is Culture. Even though I’m not an HR professional, much less a compensation professional, I found it fascinating. Especially the impact that compensation practices have on organization culture. Hiring and retaining the right employees in the face of high growth.

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Compensation Retention and Turnover Payscale Report 86

Compensation Today

NOVEMBER 2, 2015

Jenni Marquez, CCP, PayScale Compensation Professional Wow! Can you believe it that we’re half way through our 4-Part Comp Glossary bringing you closer to ‘comp’lete mastery of the compensation language?! 1) PAY RANGES, PAY GRADES, and PAY BANDS Definition: A pay range is the upper and lower limits of compensation, typically including a minimum, midpoint, and maximum. Get the rest of the PayScale Compensation Glossary here: Part 1: Comp 101 Part 2: Market Pricing

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Analytics in HR

MARCH 7, 2022

Ignoring compensation issues at your organization can lead to unhappy workers, low morale, decreased productivity, and increased turnover. So how do you identify and fix compensation issues? Contents Examples of compensation issues Steps to identify and fix compensation issues.

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Compensation Analytics Payscale Metrics 72

Compensation Today

SEPTEMBER 27, 2017

You use Insight to price and track jobs and stay ahead of the curve in compensation. First, Learn the Secrets of PayScale’s Data. And why is using crowdsourced data to inform compensation decisions one of the most powerful ways to hire, engage and retain great talent? Join our VP of Data Analytics, Katie Bardaro, and our VP of Customer Success, Emily Jensen, at “Understanding the PayScale Data Set” (Tuesday, October 3 rd , 10:30 am).

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Payscale Compensation Analytics Comparison 42

HRsoft

JULY 29, 2016

HRsoft is pleased to announce a new partnership with PayScale, providers of the largest salary profile database in the world. This partnership gives our clients easy access to PayScale Market Reports on specific jobs at a discounted price. The PayScale Market Report supplies you with real-time compensation data to assist with strategic decisions about employee pay. This powerful information is helpful for compensation and workforce planning, budgeting and even hiring.

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HRExecutive

MAY 28, 2021

This research shows total job openings, total hires and separations, the “quits” rate (how many people voluntarily left their jobs) and more. See also: What COVID means to compensation First, they must understand how their comp packages stand up in the market.

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Hiring Software Retention and Turnover Assessment Software Planning Tools 108

Zenefits

DECEMBER 29, 2021

As the workforce moves towards more freelance, contract, and part-time engagements, companies need to make sure they are compensating their employees in a way that meets today’s work style. Compensation is also a pivotal component of people operations.

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Payscale Zenefits Bonuses and Incentives Compensation 36

Compensation Today

NOVEMBER 2, 2015

Jenni Marquez, CCP, PayScale Compensation Professional Wow! Can you believe it that we’re half way through our 4-Part Comp Glossary bringing you closer to ‘comp’lete mastery of the compensation language?! 1) PAY RANGES, PAY GRADES, and PAY BANDS Definition: A pay range is the upper and lower limits of compensation, typically including a minimum, midpoint, and maximum. Get the rest of the PayScale Compensation Glossary here: Part 1: Comp 101 Part 2: Market Pricing

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Payscale Compensation COMPAS Groups 40

Compensation Today

OCTOBER 26, 2015

Jenni Marquez, CCP, PayScale Compensation Professional PayScale’s Comp Glossary returns! Consider the comp pros at PayScale to be an extension of your team! We’ve compiled a list of fundamental compensation terms and why they’re important to know. Why it matters: Often misunderstood but a very critical part of evaluating compensation is the benchmark job. 3) COMPENSABLE FACTORS Definition: The details about a job that influence how the job is paid.

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Compensation Today

JUNE 8, 2015

How can companies encourage hiring more female engineers and close the gender wage gap for good? The PayScale Women at Work survey indicates that less than 5 percent of all software architects are women. Advances in technology have led to a huge demand for skilled professionals, however there are still gaps between the career opportunities and compensation that women and men enjoy. Get a PayScale demo now!

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Visier - Talent Acquisition

MARCH 22, 2022

Quite the hot commodity, workers can afford to be a little picky and a little particular about what kind of compensation they’d like in exchange for their labor. With companies competing for workers, savvy job seekers know exactly what they’re looking for in their compensation packages.

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Talent Acquisition Visier Compensation Bonuses and Incentives 83

Compensation Today

MARCH 17, 2017

In the last few months I have worked with over a dozen companies rolling out their annual increase cycle in PayScale’s Crew. Last month when PayScale published the 2017 Compensation Best Practices Report (CBPR), research showed that 40 percent of all organizations provide total compensation statements. What Is a Total Compensation Statement? Learn More About Our Compensation Software. The Wrong Way to Communicate Compensation.

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Compensation Payscale Report Training 80

Tandem HR

FEBRUARY 9, 2022

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.

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Compensation HR Planning Payscale Strategy 52

Compensation Today

MARCH 20, 2017

One intentional decision that too many companies aren’t making: establishing their compensation strategy. PayScale’s 2017 Compensation Best Practices Report (CBPR) found that just 37 percent of all organizations have a comp strategy. What is a compensation strategy? It’s the sum of all the choices you make about how to spend your compensation dollars, including the market where you compete for talent and how competitively you plan to pay in that market.

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Compensation Payscale Strategy Benchmarking 67

Compensation Today

JANUARY 3, 2017

These notions of resolving are ones that I think are both difficult and necessary, especially in the field of HR and compensation in particular. Without further ado, Compensation Resolutions 2017: seven ways to start the new year right! Check out these seven compensation #resolutions 2017! 1: Develop Regular Compensation Reporting. I was working as a compensation consultant when the recession started to ease up. PayScale Crew is a good start.

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Compensation Payscale Zenefits Training 67

Vantage Circle

OCTOBER 21, 2021

Companies consider several factors when deciding on a compensation planning tool. In layman’s terms, compensation management software allows an organization to plan and administer employee compensation packages in an organized manner. Payscale Marketpay. CURO Compensation.

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Compensation Today

APRIL 27, 2017

In PayScale’s 2017 Compensation Best Practices Report we learned that about half of healthcare organizations (49 percent) will compensate more for competitive jobs. 49 percent of healthcare orgs will compensate more for competitive jobs – which usually means nurses, physicians, etc. Learn More About Our Compensation Software. It provides some insights about how medical and healthcare organizations approach compensation.

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Compensation Payscale Certification Compliance 54

Compensation Today

MAY 8, 2017

Compensation structures continue to evolve, and they usually do so to help organizations keep current with both market and workforce trends. Some may wonder what compensation structures are. Loosely, “compensation structure” refers to the various ways that companies can organize their pay practices. How have compensation structures developed? Grades and Ranges: today’s compensation structure. Learn More About Our Compensation Software.

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Compensation Guidelines Payscale Company 70

Digital HR Tech

NOVEMBER 11, 2019

Compensation and benefits refer to the benefits a firm provides to its employees in exchange for their labor. Compensation and benefits are thus a key part of Human Resource Management. In this article, we will provide you with a full guide about compensation and benefits. Contents What are compensation and benefits? Why are compensation and benefits important? What are compensation and benefits? Why are compensation and benefits important?

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Compensation Retention and Turnover Wage and Hour Training COMPAS 68

Compensation Today

AUGUST 7, 2015

Taylor, PHR, SHRM-CP, PayScale Senior Blogger Hiring great people starts with offering them a competitive work culture and compensation package. PayScale’s 2015 Compensation Best Practices Report revealed that a top concern for companies is attracting and retaining the best talent. However, the way any human resource manager handles compensation negotiations must be carefully balanced with other factors. Tess C.

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Compensation Payscale Hiring Software Hiring 71

Compensation Today

SEPTEMBER 7, 2017

This is a lesson from PayScale’s Modern Compensation Planning ecourse. By now, it’s well-accepted that a comprehensive, up-to-date compensation plan is a must for successful business. A tight talent market means organizations are focusing more than ever on strategies to retain and hire top employees, compensation being a big one. Unfortunately, putting together a strong compensation plan is no easy task. Learn More About Our Compensation Software.

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Compensation Payscale Payroll Groups 62

Compensation Today

NOVEMBER 3, 2016

Economic recovery had resulted in sales growth and associated hiring, but competition was also fierce for an already limited labor pool. Multiple locations across the state, ranging from rural to metropolitan, added a level of complexity to compensation as part of a recruitment and retention strategy for HPM’s 300 employees. In September, Jeracah was invited to speak at PayScale’s Compference 2016 in Seattle, Washington, to a group of HR and compensation professionals.

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Decusoft

NOVEMBER 5, 2021

Getting compensation right can be tricky – that’s why businesses perform due diligence and conduct benchmarking surveys. Compensation was always important, but it’s even more critical in the aftermath of the pandemic. Compensation Specialization.

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Compensation Payscale ADP Benchmarking 52

Business Management Daily

FEBRUARY 17, 2021

Increased opportunities for remote work are likely to stay, opening up hiring opportunities across the country. That makes hiring and retaining employees even more competitive. Benefits of hiring remote employees. Compensation and Benefits People Management

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Payscale Staffing Survey Hiring 99

Compensation Today

AUGUST 21, 2017

In our first diversity and compensation post , we covered how to identify and resolve inequities within your current compensation practices, as well as the pros and cons of a self-audit. Workplace currency” is a term we’ve coined at PayScale — much like the saying “money makes the world go round,” we see workplace currency as the grease in the wheels of the workplace. We (reasonably) expect to receive some sort of compensation in exchange for our efforts.

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Compensation Today

SEPTEMBER 13, 2017

This is a lesson from PayScale’s Modern Compensation Planning ecourse. Make clear choices about what you plan to share about each aspect of your compensation plan, including your philosophy, strategy, market data, pay ranges, policies and processes. Sometimes information shared inconsistently with and by managers can disrupt the sense of fairness that your employees feel about their compensation. How is the hiring range determined for a position?

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Compensation Policies Payscale Benchmarking 52

Compensation Today

NOVEMBER 30, 2015

Taylor, PHR, SHRM-CP, PayScale Senior Blogger This time of year always sees an increase in hiring additional people to cover the busy holiday season, at least on a temporary basis. But, a recent survey indicated that while employers expect to hire a similar number of seasonal workers, the pay rates for these temporary employees may be decreasing. While seasonal hiring remains steady for 2015, hourly wages are disappointing at best. Tess C.

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Compensation Payscale Bonuses and Incentives Hiring Software 53

Workable

NOVEMBER 7, 2017

Pay structures define employee compensation for different jobs or groups of jobs. Here’s our guide on why and how to set up a pay structure: Why you need structured employee compensation. Pay structures (also know as salary structures or compensation structures) help companies offer equitable, competitive salaries and map out employees’ path to growth and higher pay. Competitive compensation packages play an important part in persuading candidates to accept job offers.

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Compensation Workable Benchmarking COMPAS 73

Trainual

AUGUST 13, 2020

This includes equitable compensation. . And by looking at compensation as an opportunity for generational wealth accumulation through a historical policy lens, it is clear why. Creating an equitable compensation program. Compensation is logistical.

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Compensation Payscale Retirement Policies 52

Compensation Today

SEPTEMBER 15, 2017

This is a lesson from PayScale’s Modern Compensation Planning ecourse. One of the tricks of compensation planning is that it’s never truly done. If you have an organization that involves managers, train them in what matters in defining jobs for compensation purposes, and have them review their job descriptions for accuracy. One of the tricks of compensation planning is that it’s never truly done. Learn More About Our Compensation Software.

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Compensation Payscale Benchmarking Guidelines 40

Compensation Today

JULY 21, 2017

We’ve written a lot at PayScale about compensation communication — especially about WHY talking about compensation is important, and WHO should be talking about pay. When’s the right time for compensation conversations — and what should you be sharing at that time? The best time to talk about compensation isn't at the annual review. New Hires and Promotions: Discuss pay when employees are hired or when they move in to a new role.

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Compensation Payscale Bonuses and Incentives Benchmarking 59

Compensation Today

DECEMBER 17, 2015

Taylor, PHR, SHRM-CP, PayScale Senior Blogger The dark side of communicating total compensation doesn’t exist at all – only the resistance of change within organizations where there is no method of delivering this information. But armed with the knowledge that the PayScale Compensation Best Practices Report gives us, it’s possible to enter into a dialogue with employees centered on facts, not fear. Tess C.

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HR Daily Advisor

APRIL 11, 2017

There are several differences between how top-performing companies handle compensation and how typical companies approach the issue, according to the results of a recent survey. Top employers have strategies in place and keep up with market data, among other things, experts said during a recent Payscale webinar, How to Do Comp Like Top-Performing Companies. You should review the market every time you’re thinking about recruiting or hiring,” Bailey said.

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Compensation Payscale HR Planning Company 49

Compensation Today

MARCH 11, 2016

Taylor, CPC, PHR, SHRM-CP, PayScale Senior Blogger Employee engagement has been a buzzword in the human resource world for a while. Much of this has been focused on employee happiness as an indicator of a solid compensation program – the better employees are paid and the more perks they enjoy; the greater their happiness should be, right? Where compensation fits into employee engagement Naturally, compensation plays a pivotal role in employee engagement in the workplace.

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Compensation Today

OCTOBER 30, 2015

Taylor, PHR, SHRM-CP, PayScale Senior Blogger Last month, President Barack Obama signed an executive order granting paid sick leave to federal contractors and subcontractors. This order officially goes into effect on January 1, 2017, but companies that employ government contractors are already taking steps to better manage their total compensation programs to accommodate this requirement. Tess C.

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Payscale Compensation Policies Payroll 57

Compensation Today

MAY 9, 2016

Taylor, CPC, PHR, SHRM-CP, PayScale Senior Blogger The summer months are just about to kick off and with the warmer weather comes new and exciting industry events. Each year, hundreds of thousands of organizational leaders, human resource practitioners, and compensation managers head for conferences and expos to learn about the latest in technology, best practices, and legal updates. Tess C.

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