PayScale Is Headed to #SHRM17 Conference. See You There?

Compensation Today

Next week, June 18 – 21, the PayScale crew is off to New Orleans for SHRM17 Annual Conference and Exposition. Katie Bardaro , VP of Data Analytics. Learn about trends impacting compensation and how organizations use compensation data to forward business strategies.

Time to Get Real About Employee Engagement! 65% of Employees are Quitting for More Money

Compensation Today

Taylor, PHR, SHRM-CP, PayScale Senior Blogger The term employee engagement gets thrown around pretty loosely today, but what does this concept really mean? What’s Happening with Employee Engagement in the USA? How does your company increase employee engagement?

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Time to Get Real About Employee Engagement! 65% of Employees are Quitting for More Money

Compensation Today

Taylor, PHR, SHRM-CP, PayScale Senior Blogger The term employee engagement gets thrown around pretty loosely today, but what does this concept really mean? What’s Happening with Employee Engagement in the USA? How does your company increase employee engagement?

#Compference17 Day One Wrap Up: Modern Comp, Babies and Employee Engagement.

Compensation Today

PayScale CEO Mike Metzger kicked off Compference with his keynote on the future of Modern Compensation. Factors include things like transparency, engagement, communication, culture and pay perception. Mike talked a lot about how employee engagement can mean the difference between success and failure, and the fact that compensation drives trust and fairness. Which in turn, drives employee engagement. Clear communication to employees.

10 Smart Strategies to Enhance Employee Experience

HSD Metrics

For years, business owners and HR managers have focused on improving employee engagement—and with good reason. Basically, to achieve their goals, businesses need to focus on improving employee experience. What is Employee Experience? Help your employees get and stay well.

Diversity, Equity, and Inclusion: Where Do We Start?

Astron Solutions

Everything – the entire employee life cycle, from recruitment & hiring practices, to organizational culture, to employee exit. Human Resources holds an essential role in creating, engaging, and committing to making an equitable workplace.

Survey: It Pays To Be Fair

HRExecutive

Employers are keenly aware that employee engagement and satisfaction have fast become two of those seemingly elusive culture goals. Surveys from a variety of sources over the past few years peg engagement levels in the low-to-mid thirties. PayScale, Inc.,

Where Is Your Organization on the Pay Transparency Spectrum?

HR Daily Advisor

Employees who can readily see they are underpaid, for example, are much more likely to be dissatisfied with their job and company. In short, the university made employee pay easily accessible online. Job Satisfaction, Employee Engagement Linked to Transparency.

7 employee retention strategies from employee experience visionaries

Qualtrics

If employees are your source of innovation, it’s important to retain them. However, employee turnover is in many industries is high and costly in time, money, and resources. Highly successful employers gather feedback from their employees and listen to their ideas.

The Pay Business Is The People Business

SuccessFactors

At PayScale we keep this notion central in all that we do to support companies in doing Modern Compensation. Defend your pay decisions with data. One way to both ensure and demonstrate that you’re paying fairly is to base your pay on current and accurate market data.

Dump Annual Staff Surveys: Real-Time Engagement is Here!

Compensation Today

According to Robert Bolton of KPMG, "This term ‘engagement’ is abused, it's misunderstood, it's not evidence based, and it's a minefield.” But receiving data on a continual, or even continuous, basis allows you to react immediately to any changes discovered.” Tess C.

The Secret Weapon to Winning the Talent War Begins with a "T"

Compensation Today

Jessica Miller-Merrell, blogging4jobs According to PayScale's 2015 Compensation Best Practices Report, the number one reason why people choose to leave companies is because they feel as though they are being paid unfairly. It is important then to be honest with employees.

Using Compensation Planning to Improve Engagement & Retention

HRsoft

Improving employee engagement is a major priority for today’s organizations, and for good reason: companies generate 2x the amount of revenue when their employees are engaged, according to Entrepreneur. While employee engagement is a broad topic, it must be improved using very specific strategies. How Can Compensation Planning Help Improve Engagement & Retention?

Human Resources: 3 Tips for Getting a Seat at the Executive Table

Compensation Today

Taylor, PHR, SHRM-CP, PayScale Senior Blogger The PayScale 2015 Compensation Best Practices report indicated that in most companies, CEOs still call all the shots. PayScale data shows that 65% of HR heads at medium sized companies actively set the compensation structure.

5 Key Sessions You Won’t Want to Miss at #Compference17

Compensation Today

Kari Van Hoof, Compensation Professional II at Payscale. Connecting Engagement and Outcomes Using Data. Chris Martin, Lead Data Analyst at PayScale. What are the connections between engagement, communication, performance and compensation?

Let’s Be Honest About Diversity: Age Matters Too

SuccessFactors

The median age in the workforce is 42 years old; the average age in the tech industry, according to a survey by Payscale , ranged from 28 to 31 at major tech companies, even younger at a few outliers. In a study of workplace data , MIT economist Sara Ellison found that similar groups of people often enjoy stronger camaraderie; their ability to relate to each other can make it easier to establish “cooperation, trust, and enjoyment of the workplace.”.

Forget Happiness. Wellness Emerges as a Compensation Strategy

Compensation Today

Taylor, CPC, PHR, SHRM-CP, PayScale Senior Blogger Employee engagement has been a buzzword in the human resource world for a while. When employees are happy and engaged at work they tend to be more productive. Priorities can influence engagement efforts.

For Companies Like Buffer And Zingerman’s, Is Transparency Good For Business?

SAP Innovation

According to Ari Weinzweig, Zingerman’s CEO and partner, transparency is key to their open-book finances philosophy: Employees have access to the company’s financial performance and key business metrics. Operationalized into how they do business, transparency has guided Buffer to make progress reports available to all employees. They post them on their blog for employees and users of their app to view. Buffer makes all salaries public , from employees up through the CEO.

Building Salary Ranges for Beginners, Part 2

Compensation Today

By Jenni Marquez, CCP, PayScale Compensation Professional In our never-ending quest to keep human resource and compensation managers informed and educated about compensation best practices, here is our second part in our two-part series on Building Salary Ranges for Beginners.

7 Tips to Increase Pay Transparency in Your Organization

Compensation Today

Transparent pay practices lead to higher satisfaction and lower intent to leave, according to a 2015 PayScale study. For others, there is anxiety of having their hands tied to pay key employees “whatever it takes.” Provide them with talking points, and anticipate employee questions.

Want a Better Culture? Set Compensation Strategy Accordingly

Compensation Today

With five generations in the workforce , we’re seeing more diverse needs and motivators across employee populations. This has brought to the forefront the need for clear organizational culture that allows employees to opt in to the organization.

Does Your Company Proactively Address Gender Inequity?

Compensation Today

Addressing gender inequity — and making sure your employees know you’re doing so — could make a big difference to your bottom line. Employee retention. This is true for both male and female employees. Only 48 percent of employees agree with them.

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.

The New Wave of Compensation Surveys: Addressing the Gender Pay Gap

HRsoft

Corporate compensation departments have long been told by corporate legal departments that gender data (as well as age and ethnicity data) should not be provided in compensation surveys. Now, at least four compensation survey firms are collecting gender data in the U.S.,

Study Reveals Biases in Pay Decisions

Namely

Day in and day out, HR teams focus their time and energy on ways to improve the employee experience. They spend a significant amount of time training managers how to hire candidates, coach employees, and evaluate performance in a manner that removes biases in pay raises and ensures a fair experience to all employees. The Findings Payscale surveyed over 160,060 workers to find out who asked for a raise, who received it, and why others chose not to ask at all.

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3 Practical Tips to Prepare for Salary Planning

HRsoft

To make precise pay decisions, you’ll need to put that information into context, filtering data by industry, geography, and increase type. Many employers have shifted to variable pay for a greater percentage of their employee population in recent years.

How Compensation Impacts Your Business

Compensation Today

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.

Trouble Brewing: When the Compensation Strategy isn't Working Anymore

Compensation Today

Taylor, PHR, SHRM-CP, PayScale Senior Blogger Just because your organization has an established compensation plan doesn’t mean it’s working well anymore. This strategy doesn’t necessarily motivate most employees, especially the success-driven Millennials in the workplace today. Tess C.

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.” What do you want employees to know about the market study that you performed?

Minimum Wage Increases: The Key Factor You're not Looking At

Compensation Today

Joleen Oerman, PayScale Like a dress code in a public school, minimum wage mandates are invading cities, to mixed reactions. Then your city mandates that your employees can only wear only jeans sold at Nordstrom, when you’ve been outfitting much of them in jeans from Wal-Mart.

The FLSA Ruling May Be on Hold, But HR Professionals Are Getting a Boost

Compensation Today

While we’re waiting to see how this will all play out, recent PayScale data shows that in anticipation of the FLSA ruling, organizations have been proactive in moving toward market-competitive pay. Employee Labor Laws FLSA flsa overtime flsa ruling hr HR jobs

5 Things Every CEO Needs to Know About HR

HR Daily Advisor

Having a solid HR or “People” team in place is imperative for any business once you reach approximately 50 employees. Your HR team will be responsible for creating performance management and employee development programs which engage your employees and encourage them to do their best work.

Want More Employee Referrals? Larger Referral Bonuses Might Not Be the Answer

Avature

The benefits of employee referrals are universally lauded and are considered the number one source of high-quality candidates. On top of this, employee retention is typically greater for referrals compared to non-referrals. Employee Engagement, Before and After.

Want More Employee Referrals? Larger Referral Bonuses Might Not Be the Answer

Avature

The benefits of employee referrals are universally lauded and are considered the number one source of high-quality candidates. On top of this, employee retention is typically greater for referrals compared to non-referrals. Employee Engagement, Before and After.

A Quick Guide to Conducting a Compensation Analysis

HRsoft

PayScale explains that many companies fall into the dangerous pattern of handing out two to three percent salary increases to their entire workforce. Regardless of which approach you take, make sure that the market data you use to frame your pay decisions comes from quality sources.

Confronting Discrimination In The Workplace (For Leaders)

Vantage Circle

Sometimes, the leader of an organization can remain oblivious to the discrimination that an employee might face from his colleagues, superiors, or manager. For example, forcing an employee to come work during a non-recognized religious holiday.

Products & Services

HRExecutive

Phenom People, a global talent-relationship-marketing company, released two new bots for real-time engagement with passive and active job seekers. WebMD ONE collects data based on user interactions and suggests recommended next steps. Enhancing Employee Training.

A Full Guide to Compensation and Benefits

Digital HR Tech

Compensation and benefits refer to the benefits a firm provides to its employees in exchange for their labor. Compensation and benefits and employee motivation How do HR Departments calculate compensation and benefits? Compensation and benefits and employee motivation.

Top M&A News in the HR, Recruiting and Benefits Space | 2016

Advos

Sign-up to get our weekly recap of funding announcements, M&A and partnership news from the HR technology, recruitment, talent management and employee benefits space. TriNet Acquires Teleborder; Expands Services for Companies Hiring International Employees.

AON 88

Compensation Round-Up: Fitbits, Chobani, and the Comp Chasm

Compensation Today

Chobani Employee Stake: Gift from the Greek Gods or Probiotic Power Play? In a surprise move, Chobani founder Hamdi Ulukaya announced Tuesday, April 26, that his 2,000 employees will get a stake in the company, which could amount to millions for some very lucky lackeys.