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A Guide to Compensation Analysis

Analytics in HR

Compensation analysis is vital to providing fair, equitable compensation. Smart organizations know that providing the right compensation is one of the key pillars to attract and retain the best talent. The purpose of this guide is to provide a basic understanding of compensation analysis and its associated benefits.

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Cafe Classic: Compensation in Context

Compensation Cafe

Understanding this is critical to effective reward management, asJacque Vilet lays out in this Classic post. I always thought there was a strong connection between compensation and organizational design. I couldn’t “do” compensation unless I had organization charts. Is Compensation in the same state of denial?

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Cafe Classic: Conserve Compensation Credibility

Compensation Cafe

Those presented with compensation proposals won’t accept the recommendations unless they trust the provider. Anything that erodes the faith the enterprise has in their total rewards leader’s judgment can cripple the ability to launch and implement effective programs. What has been your experience?

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Managers Make or Break Your Culture of Career Mobility

Degreed

A growing body of research suggests that compared to internal hiring, career mobility structures, or upskilling, hiring external candidates requires more compensation , takes longer , and carries more risk. Third, help create a company culture that rewards managers for supporting career mobility. And losing people is costly.

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Cafe Classic: To Innovate in Rewards, Get Outside the Rewards Profession

Compensation Cafe

There appears to be general agreement among reward professionals that the compensation approaches and protocols which have dominated practice for the last few decades are more than ripe for reinvention. It could happen out at the edges and beyond, outside the perimeter of "professional" reward practice. What do you think?

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Managers Who Don't Manage Pay

Compensation Cafe

Construct job specifications that call for a Manager to manage, as a prime accountability, limiting or even eliminating the retention of individual contributor responsibilities. Measure and reward manager performance primarily based on how they have managed their employees, or on the performance of their unit.

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Two Types of Compensation People

Compensation Cafe

Compensation people seem to come in two types: employee judges and employee advocates. Bear with me while I oversimplify about how each type distributes rewards. Advocates" consider all compensation an employee entitlement tied to membership in the group. Judges" expect employees to earn income by demonstrated performance.