Compensation Today

OCTOBER 19, 2015

Jenni Marquez, CCP, PayScale Compensation Professional Even the most seasoned HR professional might take a big gulp if approached by their CEO to take charge of anything comp. That’s because, despite being part of the HR department, compensation is like the cool kid at a party. You know, the one you’re afraid to talk to.

Payscale 40

Payscale Compensation Hiring Software Planning Tools 40

Decusoft

NOVEMBER 15, 2021

But when there’s a bias or even discrimination in compensation practices, there’s a disruption of the talent pool that can lead to disengagement, lower productivity and financial losses. Pay equity is the idea that employees will be compensated at the same level when they perform the same or similar jobs.

Wage and Hour Training 105

Wage and Hour Training Payscale Recruiting Software Compensation 105

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. We (reasonably) expect to receive some sort of compensation in exchange for our efforts. Learn More About Our Compensation Software.

Compensation 67

Compensation Diversity Hiring Software eBook 67

Compensation Today

JULY 28, 2015

Taylor, PHR, SHRM-CP, PayScale Senior Blogger Recently, I wrote about the sluggish state of the US economy and its impact on wages for the third quarter of 2015. Are employee bonuses the new compensation strategy? But, I neglected to mention one thing. Will more employers offer bonuses?

Compensation 40

Compensation Bonuses and Incentives Payscale Planning Tools 40

Decusoft

NOVEMBER 15, 2021

But when there’s a bias or even discrimination in compensation practices, there’s a disruption of the talent pool that can lead to disengagement, lower productivity and financial losses. Pay equity is the idea that employees will be compensated at the same level when they perform the same or similar jobs.

Wage and Hour Training 52

Wage and Hour Training Payscale Recruiting Software Compensation 52

Compensation Today

JULY 23, 2015

Taylor, PHR, SHRM-CP, PayScale Senior Blogger At the intersection of business objectives and recruitment is a strong compensation strategy. 1 – Become an Expert in Compensation Your first defense in the fight for a more aligned compensation strategy is to become a true expert in everything compensation.

Compensation 40

Compensation Strategy HR Planning Payscale 40

HRsoft

DECEMBER 10, 2016

One such strategy is effective compensation planning. How Can Compensation Planning Help Improve Engagement & Retention? In response to that, about 63% of the companies have referenced retention as top focus of compensation and more than half of the companies that were surveyed use some form of pay-for-performance strategy.

Planning Tools 40

Planning Tools Compensation Retention and Turnover Payscale 40

Workable

JULY 4, 2023

Attrition at work is an important metric that organizations monitor closely to assess the health of their workforce and identify any potential areas of improvement. Reports from Payscale , LinkedIn , and Glassdoor & Indeed found that compensation was the main reason behind employee turnover.

Hiring Software 117

Hiring Software Retention and Turnover Onboarding Software Employer Branding 117

Analytics in HR

OCTOBER 27, 2023

What is compensation and benefits? Compensation and benefits refers to the monetary and non-monetary rewards an employee receives from their employer in exchange for their work. Overall compensation is the top factor that job seekers consider when accepting a new job. What is the difference between compensation and benefits?

Compensation 111

Compensation Wage and Hour Training COMPAS Bonuses and Incentives 111

HR Digest

OCTOBER 15, 2023

Analytics : Generates actionable data from these records for hiring decisions, policy generations, diversity metrics, and other strategic decision-making. HR Generalist Salary Yes, the tasks that an HR generalist oversees are considerable but does the compensation make it worthwhile? for use when necessary.

HR Planning 105

HR Planning HR Software Hiring Software Assessment Software 105

Compensation Today

DECEMBER 3, 2015

Taylor, PHR, SHRM-CP, PayScale Senior Blogger While everyone is out doing their holiday shopping and headed for parties, there’s an undercurrent of change coming that will affect nearly every American in 2016. How will employers manage their total compensation strategy for the coming year in order to remain competitive?

Compensation 40

Compensation Payscale Planning Tools Recruiting Software 40

Workable

FEBRUARY 7, 2024

Pay transparency – or salary transparency – is a setup in a company (or industry) where companies provide information on pay and compensation to employees. It is illegal to prohibit conversations about salary in the workplace (in the US, especially) – here, it’s the explicit openness that’s emphasized in communications transparency.

Hiring Software 62

Hiring Software Retention and Turnover Compensation Recruiting Software 62

Analytics in HR

AUGUST 29, 2023

HR manages a spectrum of responsibilities, including recruitment , onboarding , training, employee relations, compensation , benefits administration, and compliance with labor laws. Compensation and benefits: Ensures fair and motivating remuneration, balancing direct salary with non-monetary benefits.

HR Planning 86

HR Planning HR Software Recruiting Software Hiring Software 86

Analytics in HR

NOVEMBER 1, 2022

Human resources specialists perform specific HR functions like recruitment, training and development, compensation and benefits, rewards, and employee relations. This requires HR professionals to make decisions based on data and metrics. Compensation and benefits. What is a human resources specialist? Employee relations.

HR Planning 121

HR Planning Resources Hiring Software Onboarding Software 121

Ongig

OCTOBER 25, 2023

It will help to mitigate bias and ensure a more fair assessment of candidates Conduct regular pay audits to determine any gender, racial, or other compensation biases. Enforce transparent salary bands and guidelines to promote fairness in compensation. Offer resources and support for career growth and address barriers to progression.

Hiring Software 52

Hiring Software Discrimination Diversity Assessment Software 52

Analytics in HR

JUNE 30, 2023

A key metric to track during this phase is the offer acceptance rate , which is the percentage of accepted offers divided by the total number of offers made. Your employer brand is much more than the compensation and benefits you offer to employees. Time to hire Time to hire is slightly different from time to fill.

Talent Acquisition 22

Talent Acquisition Video Recruiting Hiring Software Talent Experience 22

Compensation Today

JULY 13, 2015

Taylor, PHR, SHRM-CP, PayScale Senior Blogger The PayScale 2015 Compensation Best Practices report indicated that in most companies, CEOs still call all the shots. PayScale data shows that 65% of HR heads at medium sized companies actively set the compensation structure. Happy Medium? This is not enough, however.

Payscale 40

Payscale Resources ATS Compensation 40

Namely

FEBRUARY 22, 2018

PayScale’s research on compensation best practices found that 33 percent of companies worldwide had positions that have been open for six months or more. Look at your performance metrics. Think about creating performance metrics that focus directly on how individuals are contributing to business goals.

Recruitment 60

Recruitment Payscale Compensation Metrics 60

Analytics in HR

JULY 7, 2023

Future-ready HR business partner role and responsibilities HR Business Partner skills and competencies HR Business Partner metrics How to become an HR Business Partner HR Business Partner vs. HR Manager HR Business Partner vs. HR Generalist HR Business Partner salary FAQ What is an HR Business Partner? Check out our HR Business Partner 2.0

HR Planning 120

HR Planning HR Software Retention and Turnover Hiring Software 120

Astron Solutions

JUNE 23, 2020

Use data and facts to evaluate candidates the same way – Says Webb, “Create a standard evaluation system and metrics and use them the same way. This year, Payscale released a report reviewing gender pay gaps and racial pay gaps. Again when considering various compensable factors, there are some positive findings, too.

Diversity 52

Diversity Hiring Software Background screening HR Planning 52

Bayzat

SEPTEMBER 11, 2023

Also, a Payscale study shows that enrolling in an HR course can enhance career progression opportunities, with certified HR professionals being up to 25% more likely to secure a promotion. Certified Compensation & Benefits Management (CCBM) Compensation and benefits are essential parts of Human Resource Management.

HR Planning 40

HR Planning Course HR Software Hiring Software 40

ClearCompany HRM

APRIL 11, 2023

ClearCompany’s Spring 2023 Product Release contains 6 new product lines and 11 new features, including #Compensation Benchmarking and Mass #EmployeeTexting for recruiters: A New Look to Match Our Refreshed Brand Identity We released a refreshed brand identity earlier this year, so it’s only fitting that our product gets a matching facelift.

Video Recruiting 400

Video Recruiting Hiring Software Recruiting Software HR Software 400

HR Daily Advisor

DECEMBER 3, 2014

Start with PayScale’s (free!) complete guide to compensation plans, Bring Back the Sizzle: PayScale’s Guide to Comp Plans That Get Workers Fired Up (In a Good Way). Your employees want to bring home a bigger slice of bacon, and you want to control costs—PayScale can help with both. Learn More. Download Now.

Hiring Software 40

Hiring Software Payscale Hiring Planning Tools 40

Payactiv

APRIL 27, 2023

But in today’s economy, it’s important to maximize your compensation. So one thing that is really important for a lot of people to do regardless of gender is negotiate a fair compensation and a fair wage, or whatever your pay rate and compensation package look like. So I like to get as many data points as possible.

PayActiv 52

PayActiv Hiring Software How To Wage and Hour Training 52

Analytics in HR

JUNE 2, 2023

These professionals tend to be the first HR hire in most companies, get involved in recruitment, compensation, admin, and more, and develop deep insights into their organizations. They cover most HR functions, including talent attraction, hiring, training and development, employee engagement and performance, and compensation and benefits.

HR Planning 80

HR Planning HR Software Hiring Software Sexual Harassment 80

Analytics in HR

APRIL 25, 2022

Compensation and benefits management software. ChartHop has a dynamic platform that generates compensation review plans based on the metrics of your choice. ChartHop has a dynamic platform that generates compensation review plans based on the metrics of your choice. Employee rewards and recognition software.

HR Software 108

HR Software Hiring Software Recruiting Software Interview Software 108

Compensation Today

DECEMBER 2, 2016

“Let’s talk a bit more about your overall compensation. Not every manager naturally knows how to communicate about compensation with those they supervise. Not every manager naturally knows how to communicate about compensation with those they supervise. Comp Conversations Pitfall #1: Forget the compensation data facts.

Bonuses and Incentives 53

Bonuses and Incentives Compensation Payscale Data 53

Compensation Today

MARCH 1, 2017

We tell them they’re responsible for the engagement, development and performance of their team, but then we don’t allow them to control compensation for their employees or spend a ton of time teaching them to manage. In fact, only 30 percent offer managers training about how to talk about compensation.

Compliance Training 40

Compliance Training Training Payscale Compensation 40

Analytics in HR

OCTOBER 18, 2021

They might need to work on: Collaborating with other HR team members on implementing innovative and inclusive recruitment strategies Developing or assisting in developing a future-proof compensation and benefits strategy Implementing reward and recognition interventions to increase bottom-line results and employee engagement. Business acumen.

HR Planning 76

HR Planning HR Software Hiring Software Onboarding Software 76

Analytics in HR

JANUARY 9, 2023

Research compensation for similar roles on platforms like Glassdoor and Payscale and have a market related figure adjusted to your skills level in mind when going to an interview. Discuss which employee engagement metrics you would measure to understand the reasons behind the low engagement. What are your salary expectations?

Interview Software 80

Interview Software HR Software Sexual Harassment Hiring Software 80

Achievers

OCTOBER 20, 2020

A survey conducted by Payscale found that 65 percent of U.S. That said, you need to lay out crystal clear metrics and objectives so that employees know exactly how they can achieve their bonus. Team members won’t work hard towards a goal if they aren’t compensated for it in a way that’s meaningful to them. Bonuses and raises.

Bonuses and Incentives 257

Bonuses and Incentives Hiring Software Planning Tools HR Software 257

Analytics in HR

NOVEMBER 1, 2023

Key learning Apart from using pay equity and promotions as DEI metrics and tracking these, it’s good to ask employees how they perceive the communication around pay, promotions, and opportunities. How transparent are managers – and HR teams – about these topics?

Survey 87

Survey HR Software Hiring Software Background screening 87

Compensation Today

JANUARY 10, 2017

A new PayScale study asked employees if their workplace made the world a better place , those workers who responded “yes” had the highest median pay of all survey respondents, at $50,600, followed by those who said “very much so,”at $49,700. A sense of meaning in the workplace may just be employers’ secret weapon in the war for talent.

Payscale 40

Payscale Comparison Study Metrics 40

Compensation Today

JULY 21, 2015

This is the art piece of compensation – use your best judgment considering where most employees fall relative to their range and where most employees fall regarding performance. Again, this is the creative side of compensation. Enter your budget (3.0%) in the cell you choose – in our case, we selected cell 4/Middle Third.

HR Planning 40

HR Planning Payscale Background screening Compensation 40

Bob

MARCH 3, 2024

The gender pay gap is getting narrower, but at a glacial pace as shown by this 2024 Payscale survey. Pay transparency is the practice of openly sharing information about compensation in the pursuit of pay equity, allowing people to understand how their pay compares to others and promoting fairness in the workplace.

HR Software 148

HR Software Hiring Software Discrimination Assessment Software 148

SnackNation

JUNE 8, 2018

And it’s high time more executive assistants started articulating their value and requesting commensurate compensation and advancement. Consider a senior executive whose total compensation package is $1 million annually, who works with an assistant who earns $80,000. Do you know what metrics your boss uses to evaluate your performance?

Planning Tools 62

Planning Tools Onboarding Software Metrics Interview Software 62

Astron Solutions

JANUARY 3, 2023

From the pandemic to the Great Resignation to today’s continued economic turbulence, organizations have had to rethink what the world of work looks like, especially when it comes to compensation. Let’s take a look at what is currently going on in the realm of compensation. Here are some things to keep in mind.

Compensation 52

Compensation Trends Bonuses and Incentives Wage and Hour Training 52