10 Smart Strategies to Enhance Employee Experience

HSD Metrics

Employees who aren’t engaged (and most aren’t) are more likely to move on to other jobs, and the average cost to replace one of those workers is from 90% to 200% of their annual salary (this according to PayScale ). . Help your employees get and stay well.

Quality Hires Take Front Stage. What’s the Catch? Paying Them Well

Compensation Today

Taylor, CPC, PHR, SHRM-CP, PayScale Senior Blogger You may recall PayScale’s Turnover: The Good, the Bad, and the Ugly whitepaper in which we closely examined the reasons why employees leave otherwise good workplaces, and dispelled some common myths. Tess C.

Are you ready for new Equal Pay Mandates?

AbelHR

According to PayScale , which conducts one of the most comprehensive analyses of compensation in the US, women made only $0.79 PayScale attributes this differential to the fact that “women are less likely to hold high-level, high-paying jobs than men.

Pay the Friendly Way: United Airlines Ties Executive Compensation to Customer Satisfaction

Compensation Today

While they have done much to repair the damage, a recent development highlights how this is not only affecting their external customer satisfaction policies but their internal compensation policies as well. You’d have to live under a rock to be unaware of United Airlines’ recent PR challenges.

Companies Use Pay Alternatives to Keep Employees Around

Compensation Today

Taylor, CPC, PHR, SHRM-CP, PayScale Senior Blogger It always seems as if one company tries to be progressive in terms of it’s compensation strategy, it shakes things up for the rest of the business world. Tess C.

Align Your Compensation Strategy with Business Priorities

Compensation Today

Taylor, PHR, SHRM-CP, PayScale Senior Blogger At the intersection of business objectives and recruitment is a strong compensation strategy. Set pay structures and compensation metrics that work at all levels, from your entry level positions all the way to the top. Tess C.

Diversity Considerations in Compensation: Part 2 – Workplace Currency, Manager Favoritism

Compensation Today

In our first diversity and compensation post , we covered how to identify and resolve inequities within your current compensation practices, as well as the pros and cons of a self-audit. A metric-driven, performance-based plan is a nice way of taking favoritism out of the mix.

We’re Training Our Managers Wrong

Compensation Today

Having recently put together PayScale’s 2017 Compensation Best Practices Report , I learned some alarming stats that tell a pretty tough story for our managers. At PayScale, our professional services team provides manager training. “I don’t know why, HR wouldn’t let me.”.

Be a Unicorn. What Your Compensation Package Says About Your Business

Compensation Today

Taylor, CPC, PHR, SHRM-CP, PayScale Senior Blogger It can be impossible for Human Resource pros to see things from an objective standpoint when we are so connected to the people and processes of our organizations. Link salary increases to performance metrics that are attainable. Tess C.

21 fresh employee engagement ideas

Compensation Today

According to PayScale’s 2015 Compensation Best Practices Report , unsatisfactory pay is the main reason people leave companies, which is no doubt why 63 percent of employers said a primary compensation objective is “retaining top employees.” Invest in your employees’ well-being. Tess C.

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). Wrong metrics and goals : For example, valuing cost per hire vs. quality of talent and timeliness of hires.

Data-driven recruiting 101: How to improve your hiring process

Workable

Here’s what to do to shift towards data-driven recruiting: Choose the right data and metrics. Start by selecting a few important hiring metrics to track. All companies benefit from measuring quality of hire , since this metric shows the overall effectiveness of your hiring processes.

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5 Steps to Creating a Merit Matrix

Compensation Today

1) Poor/No Performance Evaluation Process: In order to appropriate link pay and performance, you have to do performance management well. Featured Author: Jenni Marquez, CCP , is a Compensation Professional at PayScale with a background in human resources, recruiting, and communication.

Make Your Compensation Work Across Generations

HR Daily Advisor

In yesterday’s Advisor , we looked at the first two of Payscale’s five compensation tips for workers at all stages of their careers, referencing their report, Compensation Challenges for a Multi-Generational Workforce. Further results of a supplemental survey on recruitment metrics and costs.

The Executive Assistant’s Guide: Tips for Getting a Promotion or Raise

SnackNation

Your team might need a new web developer, but if you can’t even read basic HTML, well, you know the rest. Is it a brand new start-up just getting off the ground or is it a well-established corporation? Do you know what metrics your boss uses to evaluate your performance?

Using Compensation Planning to Improve Engagement & Retention

HRsoft

According to PayScale survey findings the main reason why employees left in 2014 is due to compensation issues (although this can vary from company to company) which can be related to base salary, commission, overtime pay or end-of-year bonuses. It is clear, however, that improving engagement requires a multifaceted approach – on that includes a well thought out compensation strategy.

Questions for Budgeting Season

Compensation Today

We’re well into budgeting season, which means it’s about time for many HR and comp pros to start scrambling around to calculate the necessary information for next year’s comp budget. If the job is that hot and pay is moving that much for it, consider having stricter performance metrics.

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. Zingerman’s CEO finds that when employees know the financials and business metrics, they make more informed choices about how to spend and allocate company funds.

Conference Twitter Primer #HRtechConf 2018

HRmarketer

Glink : Real estate & financial wellness expert. AmpIt_ : Amp-It harnesses the power of big data to help organizations and individuals analyze their well-being and support to live a healthy and productive life.