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Tech is changing the game for compensation managers

HR Brew

Gone are the days of sifting through Excel cells or binders to audit employee compensation on a once-a-year basis. The proliferation of pay data makes HR’s role more complex, but technology has also evolved to meet the needs of today’s compensation managers. We used to get binders,” he said. “We Now, everything is electronic.”

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2022 Was Another Record Year for HR Tech: See 20+ M&A Activities that Shaped the Market

Lighthouse

MitraTech, a 2022 HR Tech Award winner for its compliance software, nabbed high-volume hiring system TalentReef and background check company AssureHire. Compensation Management Technology. Harver continues to consolidate the hiring assessment market with its acquisition of Pymetrics. Dynamic/Flexible Work. The Bottom Line.

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How to approach pay differences for employees doing remote work

Business Management Daily

For example, the median pay for a software developer in San Francisco runs north of $120k. A recent Willis Towers Watson survey found that 26% of companies say they would base compensation on location for remote workers. If an employee wishes to move now that remote work is available, do you change their pay to match the location?

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The Ripple Effect of a Pay Strategy Change

Compensation Today

PayScale was there for The Elevate Summit , BambooHR’s first ever user conference, and we know many of you were too. One particularly special session for us was “The Ripple Effect of a Pay Strategy Change,” in which PayScale CPO Dave Smith presented with Justin Gagnon, CEO of our customer, Choicelunch. Communicating Compensation.

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Are ‘bad bosses’ really driving turnover? Not likely, says one report

HRExecutive

. - Advertisement - In other words, those poor quarterly reports are going to have workers heading for the door—39% of them, in fact, according to Payscale, a provider of compensation data, software and services. So, effective managers can get ahead of turnover by building appreciation into how they lead.

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Salary increase projections for 2024: What the numbers say

HRExecutive

After record-high pay raises in 2023 , today’s tight talent market appears to be primed to continue driving employee compensation even higher next year—a reality that puts added pressure on HR and compensation professionals to get their salary budgets right. on average in the U.S., on average in the U.S., enters a recession.

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What Is Human Resources?

Analytics in HR

As a department, it is responsible for managing HR activities from recruitment and onboarding, compensation and benefits, learning and development, performance management, and employee relations to separation or retirement. Administers employee benefits and compensation that enhance employees’ satisfaction and financial security.