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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. It was time for a bold move.

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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. Human Resources is both a function and a department within an organization.

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You're Underpaying. Now What?

Compensation Today

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. The New Minimum Wage: Many municipalities have already adopted a minimum wage that goes beyond the federal level (currently $7.25/hour).

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Confronting the Pay Equity Gap: Identifying and Resolving Issues of Unequal Pay

Decusoft

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. Women earn $0.69 The Causes

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PayScale's Compensation Glossary: Part 4 of 4

Compensation Today

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. If the external inequity is due to internal pay being higher than market, then you likely have a compensation budget problem.

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PayScale Tools for Today's Comp Pro! Compensation Glossary: Part 1 of 4

Compensation Today

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.

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Should I Give Employees a Total Compensation Statement?

Zenefits

A growing number of employers are giving their employees total compensation statements, also known as total rewards statements. What is a total compensation statement? A total compensation statement is a document that shows an employee’s total compensation /rewards for the year. Salary, or hourly wages.