Compensation Today

APRIL 21, 2016

PayScale Exciting News! PayScale announced it will merge with MarketPay! MarketPay, based in Denver, has a unique and powerful suite of applications that offer technology-enabled services for managing multiple sources of compensation survey data to price talent markets. For more information, read the entire press release here.

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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.

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Compensation Strategy Hiring Software Planning Tools 81

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

Vantage Circle

SEPTEMBER 8, 2021

As a leader, compensation planning is one of the skills you will need to master. One of the most important aspects of organizational planning is having a compensation plan that rewards employees and provides competitive pay. The bottom line is that the better your compensation strategy is, the better your retention rates.

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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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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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HR Digest

OCTOBER 15, 2023

Feedback management system s: Establishes a system to both give and receive feedback from employees. Systems are essential to ensure fair and unbiased performance reviews. Appraisal systems : An HR generalist designs and implements effective appraisal systems that are regularly conducted for assessments.

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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. Linda: PayScale Crew. Julie: Meeting other compensation geeks like me.

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Compensation Today

MARCH 28, 2016

Hedge Stahm, Marketing Segment Manager, PayScale Human capital is a company’s most important asset. To keep employees engaged and productive, companies must compensate them appropriately—without overpaying them and running the risk of eroding the bottom line. Impact on revenue Compensation is directly tied to your revenue.

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Linkedin Talent Blog

JANUARY 14, 2021

Starting this month, Facebook will adjust its compensation based on the cost of living in the area in which an employee lives. The company will also keep everyone honest by monitoring the location from which an employee logs in to Facebook’s internal system. Compensation packages based on geography aren’t new.

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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?

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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

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. What can compensation administrators expect and how can they add value to the types of salary and benefits offered to some our nation’s hardest working people?

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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.

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Analytics in HR

NOVEMBER 9, 2023

The field of HR includes a variety of focus areas, such as recruiting, talent acquisition, compensation and benefits , HR training, employment compliance, diversity, equity and inclusion , HRIS technology, and HR communications. If you are interested in a certain HR specialty (compensation, benefits, recruiting, employee relations , etc.),

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Analytics in HR

AUGUST 22, 2023

Payscale estimates that the average Benefits Coordinator salary in the United States is $50,756 annually, while Glassdoor states the average salary is around $51,626 annually. Payscale states that the annual salary of a Benefits Coordinator in Chicago is $47,500 annually, while their New York counterparts receive $55,401 per year.

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Compensation Today

OCTOBER 21, 2015

Taylor, PHR, SHRM-CP, PayScale Senior Blogger Just because your organization has an established compensation plan doesn’t mean it’s working well anymore. Now, I don’t want to scare you, but I do want to educate you on some of the symptoms of a compensation strategy that’s about to fail. If you don’t speak up , who will?

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Compensation Today

JULY 17, 2017

In the 2017 Compensation Best Practices Report , PayScale found that 89 percent of organizations reward and/or recognize performance in some way. In the 2017 Compensation Best Practices Report, PayScale found that 89 percent of organizations reward and/or recognize performance in some way. GET A DEMO.

Bonuses and Incentives 81

Bonuses and Incentives Payscale Planning Tools Compensation 81

Compensation Today

OCTOBER 14, 2015

Taylor, PHR, SHRM-CP, PayScale Senior Blogger Lately, we’ve seen a lot of discussion about the impact on business and employees alike when faced with a merger and acquisition. So, what does it take to bring compensation planning and methodology together when there are two very different cultures surrounding this?

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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

NOVEMBER 3, 2016

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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Compensation Today

FEBRUARY 17, 2017

We often get asked whether focal reviews or anniversary compensation reviews are better. That’s when companies shift to doing all reviews once (or twice) a year, creating a focal point for reviewing compensation. That’s when companies shift to doing all reviews once (or twice) a year, creating a focal point for reviewing compensation.

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Rise

MAY 18, 2021

Prepare an annual statement of compensation and benefits. Electronic payroll systems/software have been around for ages and have the benefit of letting you automate the more repetitive parts of the payroll process. We’re past the days of filing cabinets—powerful payroll and HR software systems are now the norm.

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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. Vikus Corporation and Kairos Health Systems Announce Partnership . Canvas Looks to Take on TextRecruit Following its $1.7 Million Seed Round.

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Compensation Today

MAY 27, 2016

Mykkah Herner, MA, CCP, Modern Compensation Evangelist, PayScale Is there really a skills gap? PayScale recently analyzed our data in an attempt to identify the skills that matter most in recent college graduates entering the workforce. CCP , is a Compensation and Human Resources Professional with ten+ years of HR experience.

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Compensation Today

APRIL 13, 2017

Early in my career at PayScale, I worked with a manufacturing company that had recently done some merging. and another three in Canada, each on their own HRIS systems and even worse, each on their own payroll systems. Learn More About Our Compensation Software. In fact, they had four different regions in the U.S.

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Analytics in HR

NOVEMBER 14, 2023

Fair compensation Research from PayScale shows that a fair and transparent pay process boosts employee engagement – and morale – more than providing additional pay would, SHRM reports. Ensure employees know the company’s career progression system It’s only natural for employees to want to progress in their careers.

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Compensation Today

JANUARY 8, 2016

Mykkah Herner, MA, CCP, Modern Compensation Evangelist, PayScale When organizations get into high growth phase, everything starts moving faster. Compensation is another thing you have to get right as you scale quickly. Get Creative Think about the full compensation package. Recruiting speeds up.

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Compensation Cafe

AUGUST 18, 2017

If you have virtual workers, how do you determine their compensation? Determining compensation for non-virtual jobs is hard enough, but things can get pretty tricky when it comes to virtual jobs. There's a long debate in the history of compensation on whether market pricing or job evaluation is the best method for pay-setting.

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Compensation Today

JUNE 30, 2015

Crystal Spraggins, SPHR When PayScale asked more than 5,500 business leaders the main reason their companies adjusted pay in 2015, 52 percent answered "employee performance." Supported by the right tools and systems 4. What other compensation strategy does all that? Aligned with the organization’s goals and culture 3.

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HR Daily Advisor

NOVEMBER 7, 2018

I was lucky enough to sit down with PayScale’s Lead Economist and VP of Data Analytics, Katie Bardaro to discuss their research into HQ2 and related talent considerations. Lastly, compensation is an important factor for any organization to consider when it looks into expanding as labor costs are often some organizations’ highest costs.

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Compensation Today

AUGUST 24, 2017

This is an excerpt from our forthcoming whitepaper entitled “The Compensation Data Landscape: A Review of Data Sources, Plus How to Choose.” Much as the employee data landscape is rich , there are a lot of compensation data sources and types of sources available to employers. Learn More About Our Compensation Software.

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Analytics in HR

MARCH 13, 2023

Conducting organizational assessments This includes an organization’s current structure, culture, systems, and processes and involves reviewing data, conducting surveys and interviews with stakeholders, and analyzing results to identify areas for improvement. What does an organizational development specialist do?

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HR Daily Advisor

DECEMBER 4, 2014

The company hired Sibson to review their compensation plans in order to determine how to adjust compensation to retain and attract the right sales talent. But the analysis of 2 years’ worth of sales rep data showed that compensation wasn’t the problem. Start with PayScale’s (free!) PayScale, Inc.,

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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.

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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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Digital HR Tech

APRIL 8, 2020

TAS often use applicant tracking systems to manage the search, focusing on keywords. They should work closely with the compensation department to help determine a market rate salary for the candidate. Payscale estimates the average salary for a US-based Talent Acquisition Specialist is $56,309 , as of April 2020.

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