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.

The Ripple Effect of a Pay Strategy Change

Compensation Today

PayScale was there for The Elevate Summit , BambooHR’s first ever user conference, and we know many of you were too. There were tons of great sessions and keynotes — from the brilliance of Susan Cain to The Science of Happiness — and so many smiling faces. One particularly special session for us was “The Ripple Effect of a Pay Strategy Change,” in which PayScale CPO Dave Smith presented with Justin Gagnon, CEO of our customer, Choicelunch.

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A Quick And Simple Guide To Compensation Planning

Vantage Circle

As a leader, compensation planning is one of the skills you will need to master. One of the most important aspects of organizational planning is having a compensation plan that rewards employees and provides competitive pay. What is Compensation Planning?

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.

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.

In the Right Direction

HRO Today

Gender pay inequities exist but the gap is narrowing. Gender pay inequities persist in 2019, but not necessarily in the way many people think. There is a lot of miscommunication and confusion about the gender pay gap, so let’s set things straight. PayScale leveraged pay data from 1.8 million employees to compare the overall median pay for women to the overall median pay for men and found that women earn 79 cents for every dollar earned by a man.

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.

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)?

"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)?

What is a total compensation statement & how does it provide value?

Genesis HR Solutions

Though your benefits package may be quite substantial, your employees may not know or understand the real value of the benefits you offer. And they may continue to remain unaware of the “hidden” benefits they are receiving even as healthcare costs rise, and you, the employer, absorb the increases. In an effort to show employees the true value of their compensation, benefits factored in, many employers are providing total compensation statements.

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.

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.

Should I Give Employees a Total Compensation Statement?

Zenefits

If you’re wondering whether your small business should follow suit, consider the following questions. A total compensation statement is a document that shows an employee’s total compensation /rewards for the year. Salary, or hourly wages. 401(k) plan.

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.

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.