Analytics in HR

JUNE 22, 2022

In the competitive candidate market, organizations need to get their compensation strategy right. That’s why a compensation analyst is a fast-growing role and a career path worth considering. Let’s explore the role of a compensation analyst and how you can become one. Contents What is a compensation analyst?

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Analytics in HR

AUGUST 29, 2023

HR is evolving from administrative tasks to leading in strategic planning, supporting employee wellbeing, and enabling tech integration. HR manages a spectrum of responsibilities, including recruitment , onboarding , training, employee relations, compensation , benefits administration, and compliance with labor laws.

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HR Shelf

SEPTEMBER 4, 2023

In a largely candidate-led market where many employees and job seekers are feeling the effects of a rapidly-rising cost of living, businesses cannot afford to be miserly when it comes to compensation packages. To attract and retain top talent, it’s imperative that businesses offer fair and competitive compensation packages.

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Compensation Today

JULY 6, 2017

grew for the eighth consecutive quarter, according to the newly updated PayScale Index. Wages continue to experience modest growth with variability across industries, job families and metro areas,” said Katie Bardaro, Vice President of Data Analytics and Lead Economist at PayScale. Learn More About Our Compensation Software.

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Compensation Today

JUNE 13, 2016

Jenni Marquez, CCP, PayScale Compensation Professional Most organizations don’t intend to pay employees low, but market shifts and legislation changes can often result in underpaid employees. As an HR practitioner, especially one involved in compensation, it’s important to keep an eye on your compliance with wage laws in your area.

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Analytics in HR

JUNE 30, 2023

Talent acquisition responsibilities include developing a strong candidate pipeline, developing employer branding , identifying, assessing, and hiring candidates to fill open positions, future resource planning, and diversifying the labor force. That way, businesses can plan trainings for existing and new employees accordingly.

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Compensation Today

JUNE 20, 2017

Every day, PayScale products and services help compensation and HR pros ideate, create, roll out and manage forward-thinking comp plans. With that in mind, we recently launched a new Support Center to help PayScale product users with key activities like benchmarking, running reports and utilizing structure and analytics tools.

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HRsoft

APRIL 1, 2019

Enterprise compensation management (ECM) refers to the ways in which pay policies are administered, organized, and automated in companies. Because compensation accounts for a significant portion of overall business costs – up to 70% – it’s important to ensure pay is achieving what it’s intended to do.

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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? Click To Tweet. External Competition.

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Analytics in HR

AUGUST 22, 2023

From healthcare and retirement plans to wellness initiatives and flexible work arrangements, their expertise in navigating the complex world of benefits administration is crucial for attracting and retaining top talent. Handle changes or updates to employee benefits due to life events like marriage, childbirth, etc.

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Compensation Today

JUNE 14, 2017

Next week, June 18 – 21, the PayScale crew is off to New Orleans for SHRM17 Annual Conference and Exposition. We have two awesome prizes we’re raffling off: Trip to our own Compference 2017 , the modern compensation event featuring over 500 compensation leaders. Mykkah Herner , Modern Compensation Evangelist. Let’s talk.

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HRsoft

APRIL 22, 2019

Enterprise compensation management (ECM) refers to the ways in which pay policies are administered, organized, and automated in companies. Because compensation accounts for a significant portion of overall business costs – up to 70% – it’s important to ensure pay is achieving what it’s intended to do.

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Compensation Planning Tools Retention and Turnover Payscale 55

Compensation Today

APRIL 11, 2017

percent annually in the first quarter of 2017, according to the newly updated PayScale Index , but slowed from Q4 2016. The labor market is in transition from the post-election bump in Q4,” said Katie Bardaro, VP of Data Analytics and Lead Economist at PayScale. Learn More About Our Compensation Software. PayScale Index.

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Compensation Today

SEPTEMBER 14, 2017

This is a lesson from PayScale’s Modern Compensation Planning ecourse. With your compensation plan in hand, it’s now time to take all your preparations and begin to utilize your comp plan. In this case, consider a multi-year plan to resolve the pay issues. Learn More About Our Compensation Software.

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HRsoft

AUGUST 23, 2018

Salary planning typically requires an extensive investment of time and effort for compensation professionals. To help you navigate the process successfully, we’ve compiled a set of practical tips you can use for your next planning cycle. The post 3 Practical Tips to Prepare for Salary Planning appeared first on HRsoft.

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Planning Tools Bonuses and Incentives Payscale Compensation 53

Rise

MAY 18, 2021

Payroll requires careful planning and proper tools to get the job done so your employees can receive their pay cheques on time and error-free. Having a payroll communication plan in place will clearly outline pay structure for you and your employees. Prepare an annual statement of compensation and benefits.

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Compensation Today

JUNE 15, 2017

PayScale’s annual event, Compference – the modern compensation event for comp professionals, HR professionals and business leaders, will be here before you know it. Dani Kopecky, Compensation Analyst at Integrated DNA Technologies. Lindsey: Incentive plan design. Linda: PayScale Crew. Click To Tweet.

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Compensation Today

AUGUST 23, 2017

This is an excerpt from our forthcoming whitepaper entitled “The Compensation Data Landscape: A Review of Salary Data Sources, Plus How to Choose.” Employees have access to lots of compensation data online. This tool collects information about job title, experience, company and location to provide predicted pay ranges and market worth.

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Recruiting Software Data Planning Tools Payscale 97

Advos

JULY 13, 2017

Mercer and PayScale Announce ‘Cloud and Crowd’ Strategic Alliance for Next Generation Compensation Data and Software Solutions; Mercer Makes Equity Investment in PayScale. NXTurn, LLC, an Oracle NetSuite Solution Partner, Announced the Acquisition of California-Based Oracle NetSuite Partner, Upilio Consulting.

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HRExecutive

APRIL 4, 2019

Tapping into Bot Technology. The bot technology aims to help talent-acquisition teams increase personalization, while automating the qualification and scheduling processes. WebMD Health Services has announced the launch of its digital wellbeing platform, WebMD ONE. A Crystal Ball for Compensation. Wellness in ONE Place.

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Compensation Today

MAY 15, 2017

In years past, PayScale has faced crossed arms, skepticism, and comments like, “I don’t believe in user-submitted data,” because we were doing something different (innovating?) in the world of compensation management. Of course, we have changed too, as we deliver on our vision for modern compensation. Not this year.

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Compensation Today

MAY 3, 2017

In a prior life, I did compensation and HR for a nonprofit. Anyone who has worked in a sales organization knows that you don’t compensate sales the way you do the rest of the organization, or medical staff the same as office staff, or faculty the same as staff. Learn More About Our Compensation Software. Click To Tweet.

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Compensation Today

APRIL 26, 2017

While they have done much to repair the damage, a recent development highlights how this is not only affecting their external customer satisfaction policies but their internal compensation policies as well. Let’s examine their decision more closely to see what we can learn from their executive compensation plan change.

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Compensation Payscale Bonuses and Incentives Metrics 70

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. Click To Tweet.

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U-Next

AUGUST 3, 2022

The main responsibility of the Cyber Security Analyst is to analyze the weakness and loopholes in the system. They can help develop the security system and keep a check on unauthorized access and intruders—the strength of the firewall and updating the disaster recovery plan regularly. . Source: Payscale).

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Astron Solutions

SEPTEMBER 14, 2021

2021 has been a year of surprises in administering employee compensation programs. Among the changes and challenges in 2021 are the following: These factors has led many to rethink past and current compensation strategies as we move into 2022. According to SHRM, when planning for 2022: Consider the future of the organization.

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Analytics in HR

MARCH 13, 2023

In today’s fast-paced business environment, organizational development specialists are extremely sought after because of their role in shaping an organization’s ability to improve operational efficiency through planned change – which is crucial to remaining competitive. Advanced proficiency in office and business administration software.

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HRsoft

SEPTEMBER 27, 2018

For decades, compensation surveys have been the leading source where employers could go to learn about pay dynamics in the marketplace. Corporate compensation departments have long been told by corporate legal departments that gender data (as well as age and ethnicity data) should not be provided in compensation surveys.

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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. Compensation and benefits. Compensation and benefits specialists handle employees’ compensation and benefits. What is a human resources specialist?

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Compensation Today

MARCH 17, 2017

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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HR Examiner

MAY 3, 2019

On HR Tech Weekly this Week: Google brings on former SAP Executive Robert Enslin, BeameryHQ Expands Leadership Team, Payscale Get Growth Investment, Limeade Launches Platform, and textio Launches New Writing Tool. Dr. Todd Dewett has a plan. Topics: ESW, Cloud, Compensation, Engagement, and Recruiting.

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HR Software Recruiting Software Planning Tools Payscale 61

Extensis

FEBRUARY 9, 2023

As diversity, equity, and inclusion (DEI) efforts receive much-needed attention , employers of all sizes are waking up to the ways company systems and policies inhibit people of color from doing their best work. This disparity in pay reflects a system where Black workers face an uphill battle.

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Compensation Today

JULY 5, 2017

You may ask, how is product management like compensation management? Building a product and managing compensation for an organization are not projects — they’re ongoing endeavors that are continuously improving and delivering. How Agile Facilitates Easier Compensation Planning. Simply, the work is never done.

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HRsoft

AUGUST 30, 2018

Performing a compensation analysis ensures your organization’s pay decisions are in line both external factors, such as current market trends, as well as internal needs, including your company goals. According to SHRM , nearly 90% of organizations use compensation surveys with job-specific, employer-provided data to perform their analyses.

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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.

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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? Learn More About Our Compensation Software.

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Compensation Hiring Software Bonuses and Incentives Payscale 68

Compensation Today

SEPTEMBER 15, 2015

PayScale had the opportunity to get a sneak peek at the new data and test an easier delivery method (an API) for organizations interested in using the federal data to build tools for consumers. Get a demo of PayScale's compensation data software. That’s pretty exciting.” Have a kid prepping for college?

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