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. Sure, you’ve heard some terms before, but you have no idea what they mean so you try to avoid the conversation altogether.

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. Companies like McDonald’s, Wal-Mart, Target, and TJX, the parent company of TJ Maxx and Marshalls, have announced plans to raise wages by as much as $1 or more per hour, with more raises coming for the beginning of 2016.

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Five Tips to Win the War for Talent in 2017

TalentCulture

In other words, the companies that offer the best employee value will attract not only those who are out of work but the best of the best who are seeking greener pastures but not necessarily in a rush to jump ship. With 70 percent of Gen Y employees and 50 percent of Gen X workers planning to spend fewer than five years in their current roles, don’t you want your company to be the one that wins the war for their talents? Cough up the cash.

Yes! 8.8 Million Workers are Getting a Raise!

Compensation Today

Taylor, CPC, PHR, SHRM-CP, PayScale Senior Blogger Literally just hours after California’s Governor Jerry Brown announced that the state minimum wage was increasing to $15 per hour by 2022, the Governor of New York, Andrew Cuomo held a press conference to announce that the Big Apple was following suit. This is great news for the 8.8 Historic update to the FMLA And that’s not all. Tess C.

Payroll pain points, and how you can solve them

Benetech

The fact is, payroll processing has long been a challenge for HR. This is the mother of all HR headaches. Larger companies may hire someone within HR to be the payroll processor, but at many companies HR is often a one-or-two-person department.

Conference Twitter Primer #HRtechConf 2018

Advos

Once again using HRmarketer software, we analyzed the #HRTechConf conference website and tweets to come up with the following Conference Twitter Primer — all the information you need to socially prepare for the world’s largest HR technology conference and exposition hall! Bookmark this page and refer to it during the conference if you need someone’s Twitter ID. The Basics. Location: The Venetian®, Las Vegas. The best is yet to come!

How Employee Benefits Can Help Struggling Health Care Workers and Attract New Talent

Payactiv

During the height of the pandemic, around the world, millions of people witnessed the acts of bravery and dedication on the part of our frontline heroes in health care. The Struggles of Healthcare Workers. The U.S. Long Work Hours.

How to Help Struggling Health Care Workers and Attract New Talent

Payactiv

During the height of the pandemic, around the world, millions of people witnessed the acts of bravery and dedication on the part of our frontline heroes in health care. The Struggles of Healthcare Workers. The U.S. Long Work Hours.

5 Metrics for Remote Workers You Should Track

Fond

As many businesses have switched to remote working models in the wake of the COVID-19 pandemic, it has become clear that many methods of measuring employee performance and productivity are no longer applicable. Focusing on output and quality is the way forward.

7 Things to Look for in a Compensation Package

Visier - Talent Acquisition

Today’s job seekers are spoiled for choice in a job market that’s been bleeding employees for the past year. Quite the hot commodity, workers can afford to be a little picky and a little particular about what kind of compensation they’d like in exchange for their labor.

This Map Shows The Average Salary for Office Managers in Every State

SnackNation

This Map Shows The Average Salary for Office Managers in Every State. Earlier this year, we released the 2017 State of The Office Manager Report , a first of its kind study of the office manager role – and the intrepid men and women who fill it. In the report, we learned that the officer manager role has been steadily expanding, both in scope and strategic importance. According to data from Indeed, SimplyHired, and PayScale, the U.S.

"Isn’t that your job?” How to help your boss understand why you need a software purchase

Compensation Today

Taylor, CPC, PHR, SHRM-CP, PayScale Senior Blogger Houston, there is a problem. The old way of doing things just isn’t cutting it anymore and you need to make a significant investment in a software solution that will get the job done. But, how can you approach your boss with the idea that the software will make life easier, while increasing business profits – and it’s not always YOUR job to do everything (you are not a robot after all)? Tess C.

Isn’t that your job? How to help your boss understand why you need a software purchase

Compensation Today

Taylor, CPC, PHR, SHRM-CP, PayScale Senior Blogger Houston, there is a problem. The old way of doing things just isn’t cutting it anymore and you need to make a significant investment in a software solution that will get the job done. But, how can you approach your boss with the idea that the software will make life easier, while increasing business profits – and it’s not always YOUR job to do everything (you are not a robot after all)? Tess C.

Is Your Employee Asking for a Raise? Here’s What to Do

Patriot Software

At some point, your employee may ask for a higher salary or hourly wage. Although raise conversations can be uncomfortable for both you and the inquiring employee, you need to know how to handle them. According to one report , 37% of workers have asked for a wage increase from their current employer. Chances are, your employees may ask you for a wage bump, too. Listen to the employee, but wait to respond. Be sure to collect information from the employee.

Processing Payroll: What You Need to Know

Zenefits

Payroll is one of the most essential parts of running a business. In fact, a survey from The Workforce Institute at Kronos Incorporated found that 49% of U.S. Keep reading for the essential components and requirements. Employees receive paychecks on the same day every other week.

How to Create an Equitable Compensation Program

Trainual

In America, we have had the unfortunate history of excluding people of color, women, and other minorities from many wealth-generating activities. Today, in 2020, we still have a racial (and gender) wage gap. In 2016, the median wealth of black American households was $17,100.

How to Turn Pay Secrecy Obstacles Into Pay Transparency Opportunities

ExactHire

I’ve been thinking about the impact of snap decisions a lot lately. Having just finished the book Blink by Malcolm Gladwell, I have a new interest in the role of the subconscious on action and performance. Gladwell presents mounds of evidence supporting the idea that instinct shouldn’t be discounted relative to more involved decision-making processes. This practice of pay secrecy has undoubtedly perpetuated the pay inequity that exists in our country today.

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. When you receive a job offer, the first thing you look at is the salary. Whether the recruiter lists the wage as an hourly, weekly, monthly, or hourly rate, candidates see it as the most critical part of any job offer. Typically, when employees think about compensation, the salary is what they think of.

“Gender Roles in Childhood.”, with Sheila Ronning and Candice Georgiadis

Thrive Global

To look at the gender wage gap from a societal perspective with the hope of fixing the issue, we must go back to the beginning — childhood. Can you tell us the “backstory” that brought you to this career path? Ok let’s jump to the main focus of our interview.