Tech Industry Trends and Treats

Compensation Today

PayScale has a work hard, live well culture. My closet is bursting with PayScale t-shirt and sweatshirt pride. PayScale’s 2017 Compensation Best Practices Report gathered information from more than 500 respondents in the tech industry. At PayScale we believe in creating a win-win for employers and employees. According to the PayScale Index , wages for tech jobs have been outpacing average jobs since the end of the recession.

Boese: 3 HR technologies that can help employers struggling to hire

HRExecutive

Advertisement Unemployment Benefits There is anecdotal evidence that many small business owners, particularly in leisure and hospitality, feel that their compensation and benefits can’t compete with federal and state unemployment benefits.

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Should I Get Certified? The Importance of HR Certification

Ultimate Software

In 2008, HR professionals who had obtained a certification were paid, on average, 17% higher than those without; in 2018, Payscale reported that that figure was an incredible 31.6 %. In many cases, the salary increase potential alone is well worth the time and effort involved in earning an HR certification. The Society for Human Resource Management (SHRM) also offers two competency-based certifications.

Building Salary Ranges for Beginners, Part 1

Compensation Today

By Jenni Marquez, CCP, PayScale Compensation Professional “What’s the typical salary range for an administrative assistant?” Here at PayScale, we work with a lot of companies who are trying to determine typical salary ranges for their jobs. I often advise my PayScale clients that the sooner they establish a compensation plan, as well as policies around how the plan will be administered, the better off the company will be in the long run.

HR Big Data Continues to Float to the Cloud

Compensation Today

Taylor, PHR, SHRM-CP, PayScale Senior Blogger PayScale’s 2015 Compensation Best Practices Report indicates that HR technology will become hugely important in the coming years. But, with all this use of technology, how well is the average human resource professional handling an increasing amount of organizational big data? Tess C.

Get Me a Compensation Strategy, STAT!

Compensation Today

PayScale’s 2017 Compensation Best Practices Report (CBPR) found that just 37 percent of all organizations have a comp strategy. It’s the sum of all the choices you make about how to spend your compensation dollars, including the market where you compete for talent and how competitively you plan to pay in that market. Your comp strategy will determine the cut of comp data you use to price your jobs as well as your target percentile.

Why Increasing Pay Isn’t Always the Answer

Compensation Today

Sonnet Lauberth, PayScale Compensation Professional In my time as a Compensation Professional at PayScale, I’ve helped over 75 organizations develop a co mpensation strategy and structure to suit their needs and spoke with hundreds of companies about the challenges they face regarding compensation. PayScale’s survey also highlighted a second point that employee perceptions about pay play a significant role in an employee’s desire to leave your company.

Compensation Round-Up: JLaw’s Gender Wage Gap, Transparency, and RIP Annual Raises

Compensation Today

Joleen Oerman, B2B Content Marketing Specialist, PayScale Welcome to the Compensation Roundup, where we bring to you the hottest news in comp! So, how do you compete? Well, Dan Walter, CEO of Performensation, argues that to stay competitive, maybe you just need to keep your annual raises. Something to chew on… Groundbreaking PayScale Study Reveals Employees Value This More Than Dollars The Low Down: Fair pay, equitable pay, pay equality…we’ve heard it all lately.

Will recent pay increases for minimum wage workers affect those in higher earning brackets?

Compensation Today

Co-written by Mykkah Herner, PayScale Comp Specialist and Tess C.Taylor, Founder of HR Knows Around the nation, large corporations are taking the minimum wage issue to heart by instituting salary increases for their most underpaid workers. Based on PayScale data , users are split equally when it comes to raising minimum wage: 49.4 Talking about the minimum wage debate I sat down with PayScale’s Director of Professional Services, Mykkah Hermer, to talk about this issue.

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. Market should be the industry, company size, and location where you compete for talent. I repeat— where you compete for talent. PayScale is a perfect example. In PayScale’s Insight Analytics, we deem an employee underpaid if their pay falls 20% or more below the target percentile.

CBPR Top 10: What Comptopians Do Differently

Compensation Today

Mykkah Herner, MA, CCP, Modern Compensation Evangelist, PayScale PayScale’s 2016 Compensation Best Practices Report is here! If you want to compete in a rapidly changing global economy, you have to pay more for your hot jobs and your top talent. It’s noteworthy that half of top performing companies increased their compensation budget for 2016; they actually seek to compensate their people, and to compensate them well. #5:

How Would Your Talent Problems Fare if Amazon Chooses Your Area for HQ2?

HR Daily Advisor

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. Bardaro: Organizations located in the same place as HQ2 will now be competing with a tech juggernaut who offers numerous benefits and competitive wages. ” See above about the risks of having a dissatisfied workforce when competing with Amazon.

Developing a Compensation Plan, Step 2: Define Your Strategy

Compensation Today

This is a lesson from PayScale’s Modern Compensation Planning ecourse. The markets you select should reflect where you compete for talent (not business). They may also compete in another market altogether for their physicians. Check that your compensation strategy aligns well with the culture of your organization. Where do you compete for talent for each segment you’ve identified? Want access to all seven lessons? Sign up for the course!

Organizational Commitment: 7 Ways HR Can Contribute

Digital HR Tech

The central goal here is to improve an organization’s effectiveness and its ability to compete in its industry. Another factor might be they feel they’ve been treated well by the company and fear the grass may not be greener on the other side.

Compensation Trends: Disruption in Action at the 2017 Total Rewards Show

Compensation Today

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?) It’s been a year since PayScale added MarketPay to our business, and we’ve learned a lot about enterprise total rewards from our new colleagues.

Readiness Checklist: How Do You Know the Right Level of Pay Transparency for Your Org?

Compensation Today

PayScale data suggest that about half of all organizations are aiming for pay transparency in 2017. PayScale data suggest that about half of all organizations are aiming for pay transparency in 2017. PayScale’s Compensation Best Practices Report (CBPR) revealed that 49 percent of organizations were at level 1 transparency in 2016, although only 27 percent are aiming for level 1 transparency in 2017.

Focus on Job Descriptions to Eliminate Costly Employment Discrimination Lawsuits

Compensation Today

Jason Shinn, Employment Attorney, PayScale Guest Blogger How much attention does your company give to developing job descriptions? These issues recently took center stage in a lawsuit involving a claim under the Americans with Disabilities Act and it did not end well for the employer. Shinn is an employment attorney and guest writer for PayScale. And what happens if managers come up with job descriptions that are inaccurate or incomplete?

How to Speak With Your Non-Profit Employees About Compensation

Compensation Today

By Sonnet Lauberth, PayScale Compensation Professional Compensation can be a tricky topic, especially within the non-profit sector where many employees feel that they are “overworked and underpaid.” There are clear advantages to investing in a sound compensation plan and communicating it well, but it can be challenging if you and/or your staff don’t know how to lead these conversations with employees. Depending on your organization, your Board of Directors might be involved as well.

Countdown to Compference: Lets Get Social

Compensation Today

Compference is going to be jam packed with amazing speakers including Shankar Vedantam, from NPR, Susan Hollingshead, from Sungevity, and PayScale’s own CEO, Mike Metzger. We’ll be using #Compference16 on Twitter, as well as sharing some great photos and ideas on Twitter, LinkedIn, Facebook, and Instagram. We’re also going to bring a little fun to the event overall, and plan to share the spirit of that online with you as well.

Pay Fairly All Year Long

Compensation Today

Mykkah Herner, MA, CCP, Modern Compensation Evangelist, PayScale Now that we’re heading into May and Equal Pay Day is behind us, it is crucial to remember that the most important parts of our compensation efforts are our people, having engaging and transparent conversations, accomplishing what we set out to do, and ultimately, paying fairly. While this may be great strides for Barbie, it doesn’t bode super well for narrowing the uncontrolled pay gap for women.

Hiring the Wrong Salesperson is a $2-Million Mistake

HR Daily Advisor

Start with PayScale’s (free!) complete guide to compensation plans, Bring Back the Sizzle: PayScale’s Guide to Comp Plans That Get Workers Fired Up (In a Good Way). Your employees want to bring home a bigger slice of bacon, and you want to control costs—PayScale can help with both. A lot of companies that used to use search firms have taken that role in-house, but they just don’t have the competencies and skills to do it well.

How 13 organizations climbed the best employers lists

CultureAmp

Candidates for the World’s Most Admired Companies are selected from Fortune 1000 and Global 500 companies, as well as other major non-US companies. Business Insider with Payscale – The 50 Best Companies to work for in America 2016 Business Insider publishes the 50 Best Companies to Work for in America annually in partnership with PayScale—a remuneration information company.

Grovo 59

Developing a Compensation Plan, Step 3: Select Data Sources

Compensation Today

This is a lesson from PayScale’s Modern Compensation Planning ecourse. Now that you’ve spent some time thinking about the different parts of your workforce and where you compete for talent in each segment, you can apply that strategy when seeking out your data sources. Be sure you understand how well the data are validated before being made available. Want access to all seven lessons? Sign up for the course!

5 Mistakes You May Be Making That Are Impacting Your Talent Pipeline

Compensation Today

By Sonnet Lauberth, PayScale Compensation Professional Today’s business leaders know that talent is critical to an organization’s current and future success. Mistake #1: No compensation strategy at all Your compensation strategy defines the market(s) in which you are competing for your talent and how competitively you want to pay in relation to your market(s). Start by thinking about how you define your market and who you compete with for employees.

How to Hire Cupid

Compensation Today

Mykkah Herner, MA, CCP, Modern Compensation Evangelist, PayScale It’s been a little over two years since the publication of a Huffington Post article singled out Panama City, Florida as the #1 city in America where marriages go to die. With little idea of how to go about luring Cupid away from his current gig with the best offer possible, the mayor turned to PayScale for advice. Determine your pay strategy Well, Mr. Mayor, first you’ll need to think about your pay strategy.

Customizing Compensation for the Aging (?!) Millennials

HR Daily Advisor

Payscale recently released a report, Compensation Challenges for a Multi-Generational Workforce , which provides some helpful insights in this area. Mykkah Herner, Payscale’s Head of Expert Services and one of the report’s authors, contends that strong compensation plans are tiered, with pay philosophy providing a solid foundation for the other tiers. Striking a balance is important in order to avoid alienating either end of the spectrum, according to Payscale.

When You Need to Move Beyond Data for Pay Decisions

Compensation Today

We live, love and dream about data here at PayScale, and big data is driving business and pay decisions across industries and functions. Here are some examples: You Compete With a Different Location, Industry or Company Size for Talent. Especially if you have one or two key roles (like an executive or regional manager) that operate in or compete for talent with a different market. Data, data, data.

Facebook Fail: The Social Media Recruiting Laws You're Probably Violating

Compensation Today

Jason Shinn, Employment Attorney, PayScale Guest Blogger Many companies routinely turn to social media to find and screen job applicants as part of the hiring process. But to reduce the potential for job bias, HR managers need to plan how and when social media will be used in the hiring process, as well as understand how such information should be retained. Shinn is an employment attorney and guest writer for PayScale.

Are Promotions Leaving Your Employees Feeling Short Changed?

Compensation Today

Rita Patterson, Onboarding Manager, PayScale. You need to help the employee understand that how pay aligns to the market in your organization may not be apples to apples with how the competing organization benchmarks jobs in their company. Next time you find yourself ready to talk about a promotion with a well deserving employee, keep in mind that transparency and information are the pillars of any good compensation conversation.

Cincinnati Equal Pay Act: Best Practice for Small Business

A Slice of HR

Even free sites like payscale can give you a pulse on your data. Offer Non-Monetary Incentives Remember, that although compensation is king when negotiating offers, other items can be on the table as well. A reduced schedule or extra vacation time can be excellent bargaining chips as well.

Which Compensation Structure Is Right for Your Company?

Compensation Today

The right compensation structure means having guidelines for pay relative to the market or markets where you compete for talent, guidelines that support appropriate internal alignment, and guidelines that ensure compliance. While some positions still lend themselves well to step structures, especially in industries where rewarding performance doesn’t make sense (firefighting comes to mind), they fall short for most strategic compensation.

7 Compensation Resolutions for 2017

Compensation Today

As a word nerd, I looked up the various and alternative definitions for “resolution,” the first two of which work well for our purposes: a) the act of analyzing a complex notion into simpler ones and b) the act of answering: solving. At the very least, what’s your market ratio , or how you’re doing relative to the markets where you compete for talent. The answer in this example, well in most areas. #2: PayScale Crew is a good start.

Equality, Diversity, and the Gender Pay Gap in Tech: 5 Suggestions to Help You Pay Fairly

Compensation Today

By Sonnet Lauberth, PayScale Compensation Professional, As a Compensation Professional, I work with a variety of companies in the technology industry. Taking it a step further, PayScale recently released a new study, Inside the Gender Pay Gap , which looks at the controlled gender pay gap. A compensation strategy where you define which market(s) you want to compete with along with how competitive you want to be. Check out PayScale’s Fair Pay Hub.

2018 Compensation Budgeting Forecast Part 3: Trends in Non-Profit Compensation

Astron Solutions

Looking at external as well as internal factors (such as your own nonprofit’s staff capacity to accomplish its goals) is important. According to Payscale , A compensation philosophy explains the role of compensation in your organization and tells your employees how you believe people should be paid, while your compensation strategy explains how you will achieve this philosophy. Who do you compete with for talent?

Confronting Discrimination In The Workplace (For Leaders)

Vantage Circle

When the leader is secular and open, shouldn’t the workplace reflect his/her values as well? Hiring bias is perhaps the most prevalent and well-known form of discrimination. As a result, it becomes hard for them to compete for career advancement or promotions.