PayScale's Compensation Glossary: Part 4 of 4

Compensation Today

Jenni Marquez, CCP, PayScale Compensation Professional Let’s review. If you have external inequities and find your pay is low compared to market, you likely have flight risks, higher turnover, and difficulty recruiting. Listen to candidates and recruiters as that can indicate a need to market price a job out of cycle. Need to download the first 3 parts of the PayScale Compensation Glossary?

Top Performing Company Pay Practices: 2016 PayScale Report

HR Daily Advisor

PayScale’s latest study of compensation practices, the 2016 Compensation Best Practices Report, shows that many companies are rethinking traditional ways of handling pay. Their efforts seem to focus on retaining top performers rather than on recruiting, as in earlier years. The post Top Performing Company Pay Practices: 2016 PayScale Report appeared first on HR Daily Advisor. Compensation best practices recruiting

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Canadian Edition of PayScale’s 2017 Compensation Best Practices Report Has Arrived!

Compensation Today

The top three reasons for changing compensation strategy among organizations were retention (78 percent), recruitment (71 percent) and the need to pay more for hot skills (58 percent). Many surveyed companies have aspirations of increasing transparency about compensation: Twenty-nine percent said they hope to be at Level 3 on PayScale’s Transparency Spectrum next year, and 22 percent hope to be at Level 4.

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. PayScale has you covered in our new, 4-part Comp Glossary. Today’s Lesson: A Little Comp 101 Consider the comp pros at PayScale to be an extension of your team! Download the free 2015 PayScale Compensation Best Practices Report.

PayScale Gender Report Reveals Female Software Engineers Get Paid 12% Less

Compensation Today

If you were really wanting to recruit a certain demographic, wouldn’t you start by paying them fairly? If you were really wanting to recruit a certain demographic, wouldn’t you start by paying them fairly? The PayScale Women at Work survey indicates that less than 5 percent of all software architects are women. This can help in recruitment and retention efforts, as well as reduce employee performance issues. Get a PayScale demo now!

PayScale Tools for Today's Comp Pro! Compensation Glossary: Part 2 of 4

Compensation Today

Jenni Marquez, CCP, PayScale Compensation Professional PayScale’s Comp Glossary returns! Consider the comp pros at PayScale to be an extension of your team! Others data providers, like PayScale , offer over 14,000 job titles so the percentage of jobs benchmarked will likely exceed 50%, offering an even more precise picture of your pay to market. We’ve compiled a list of fundamental compensation terms and why they’re important to know.

How HR can help leaders prepare for the ‘unimaginable’

HRExecutive

When Shelly Holt became PayScale’s chief people officer in mid-April, she not only had ample HR experience, but she also had personal experience that helped her jump right into a new organization during the new normal brought about by the COVID-19 pandemic. “I Shelly Holt.

What COVID means to compensation

HRExecutive

The coronavirus pandemic has upended scores of traditional HR structures: hiring, recruiting, onboarding and compensation. This is the second in a series on compensation during the pandemic. Read the first installment here. *.

Compensation Can Be FUN!

Compensation Today

As a longtime PayScale user and evangelist, I was beyond excited when the team asked me to present at Compference. Just as PayScale makes compensation accessible for the non-compensation practitioner, the panel discussions had something for all levels of expertise. The PayScale Team Is Amazing . I’ve worked with the PayScale Insight tool for three years, and I’ve seen the product evolve. Comptopia is PayScale’s way of adding a gamification element into Compference.

Employers Should Stop Asking for Salary History, But Not for the Reason You Think

BambooHR

percent based on PayScale’s most recent gender equity […]. Guest Post Recruiting payscale recruitingSeveral U.S. states or cities have recently introduced, or are considering, a ban on employers inquiring about the salary history of job applicants as part of more extensive equal pay legislation. The reasoning? Because women still face a pay gap in comparison to similarly qualified men – 2.4

How to Navigate the 8 Steps of Recruitment

Career Metis

Recruiting the right candidate for your organization will have a paramount effect on its operational efficiency. A well-crafted recruitment strategy can multiply the chances of selecting the right candidate and show the company’s professional character.

How do we put a price on what our employees do at work?

Compensation Today

Multiple locations across the state, ranging from rural to metropolitan, added a level of complexity to compensation as part of a recruitment and retention strategy for HPM’s 300 employees. We partnered with PayScale , a cloud-based compensation software, to help HPM first devise a compensation philosophy and then access current market data to assign fair and objective pay to HPM’s jobs. Payscale helps us do that.”.

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

Workable

Traditional recruiting used to rely on luck and intuition more than data, which was time-consuming to amass and analyze. Recruiters and hiring teams could only assume that their hiring methods were effective. But now, with a wealth of software and analytics tools available on the market, anyone can create a data-driven recruiting process. What is data-driven recruiting? Data-driven recruiting also helps you: Allocate your budget.

Data 71

Overcoming the Hot Job Challenge

Compensation Today

Read our Solution Brief: A Hot Compensation Solution for Hot Jobs to find out how PayScale’s data enables companies to fill hot jobs by broadening their labor market radius, keep up with rapidly rising skill premiums, transparently communicating total compensation packages, and building compensation plans to support long-term business goals. In this Solution Brief, you will also learn how some of our customers used PayScale data to overcome their hot job challenges.

New grads don’t have skills needed for today’s work world, report says

HR Morning

But a recent study from PayScale and Future Workplace digs a little deeper into what specific skills recent grads are lacking. ‘Skills gap’ meets ‘perception gap’ ‘”We hear all the time about the ‘skills gap,’ the gap between the skills needed to succeed in the professional world and the skills with which young professionals leave college,” Payscale VP Katie Bardaro said in a press release.

How Much Do Campus Recruiters Make?

Yello

Campus recruiting is an important component of a successful long-term hiring strategy. Often a first step on the way to becoming a talent acquisition or human resources director or executive, campus recruiters wear many hats. So what can you expect to make as a college recruiter in 2019? Here’s a look at the responsibilities, salaries, and potential career paths for campus recruiters : How much do campus recruiters make? Average Campus Recruiter Salary by City.

5 Tips for Recruiting More Women in Leadership Roles

Ongig

Many companies are focused on recruiting women in leadership roles. One way to recruit more women in leadership roles is to set a company-wide diversity goal. Payscale recently reported that: “In 2020, women earn 81 cents for every dollar earned by men.”

Who’s Better at Recruiting: The Introvert or Extrovert?

Ongig

The head of talent acquisition at a cloud software enterprise asked me the other day: “Who’s better at recruiting: the introvert or the extrovert?” And since recruiting is often just sales by a different name (especially in a candidate’s market), conventional wisdom is that extroverts make better salespeople. A strong case is made that extroverts make excellent recruiters: Extroverts are more comfortable cold-calling. Recruiters

Why Retraining Is The New Recruiting

Namely

PayScale’s research on compensation best practices found that 33 percent of companies worldwide had positions that have been open for six months or more. TechCrunch reporter Percia Safar recently wrote a piece arguing that “in the increasingly competitive market for talent, tech companies are leading a new type of labor innovation: retraining is the new recruiting.” This post originally appeared on Payscale.

Become a Gold-Medal Compensation Expert: Train at Compference

Compensation Today

Many of the folks we work with at PayScale are doing truly innovative things with compensation. I love hearing what people are doing and what they’re looking at in order to make their key talent decisions around retention, recruitment, development, engagement, or some combination of the group. Human Resources compensation compference compference16 HR professionals human resources olympics payscale

Turnover Problems in Sales? The Issue is Recruitment, Not Pay

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). The overall conclusion of the study was that the recruiting and onboarding processes needed more attention, not the incentive system. To develop recruiting strategies, focus on the skills and competencies possessed by the top group, he says. PayScale, Inc.,

Breaking Out Of The 'Best Practices' Ant Farm

Compensation Cafe

Ants exhibit this behavior because of recruiting, either by returning to the nest and stimulating other ants to follow it back to the food source or by laying a chemical trail that attracts other ants. . Payscale's 2016 Best Practices Survey welcomes readers to a magical place called Comptopia: I n 2016, cast your compensation cares away and escape to an idyllic island known as Comptopia. Have you ever thought about why do do things the way that you do them?

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Insurance Recruiting: How to Overcome the Skills Gap

Eightfold

By modernizing their approaches to recruiting and employing new technologies to attract and recruit people. Leverage Recruiting Software to Identify the Best Candidates. Hiring software speeds up the recruiting process in two ways: by allowing organizations to quickly gather and analyze data, and by expanding the pool of talent from which those organizations can choose. Transition to a ‘Screening In’ Approach to Recruiting.

Fair, Transparent, and Modern: Recapping the #WorkTrends Event

Compensation Today

We’re pretty passionate about Modern Compensation at PayScale. Once you have your fair comp plan in order, it then becomes a recruiting and retention tool to help engage not just millennial workers, but your whole workforce. Communicating compensation modern compensation payscale people business talent culture worktrends

The top 10 recruiting mistakes employers must avoid

Compensation Today

Recruiting today takes guts. The life of a recruiter, and nearly every other person who’s in charge of hiring, can be stressful and difficult. That’s why I’ve compiled the Top 10 Recruiting Mistakes Employers Must Avoid. Take it from one recruitment pro to another. Instead, recruitment must be focused on long-term benefits to the organization. Again, recruitment isn’t a popularity contest. Does your company make any of these common recruitment mistakes?

5 Stats That Reveal A Persistent Challenge for Recruiters in Finance

Entelo

The 2019 Recruiting Automation Trends Report has unveiled this year’s most important trends in recruiting, from the ways in which organizations leverage recruiting automation to the most successful strategies for bolstering diversity and mitigating unconscious bias in hiring. While these numbers tell us a lot about what’s top of mind for recruiters as a whole, the data represents the aggregated experiences and practices of professionals from over 13 different industries.

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. Social Media and Recruiting For employers, social media profiles provide a treasure trove of information about job applicants—legitimate, job-related information and other information that is not offered or asked for in the traditional application process. Shinn is an employment attorney and guest writer for PayScale.

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

Advos

M&A Announcements in the HR, Recruiting and Benefits Space | 2016. 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. Hire Velocity Acquires Atlanta-based Recruiting Services Firm, BHS Hire. PayScale acquires Denver salary data company. TPG Growth Acquires Frank Recruitment Group. Military Recruiting Firm Bradley-Morris, Inc.

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Can a Handshake Be Replaced? Seattle Talent Pros Discuss the Future of Recruiting

Entelo

Automation was the word on the tip of everyone’s tongue as talent acquisition leaders from the Seattle area gathered at Payscale’s offices just south of CenturyLink field for Recruiting @ Scale: Seattle. With nearby giants like Microsoft and Amazon pioneering new technologies almost daily and hiring the talent to fuel their innovations, Seattle recruiters are well-acquainted with the world of smart technologies. Too many resumes, not enough recruiters.

Ep162 – The Value of HR Certification: Pay and Career Trajectory

Workology

I’m also excited because, starting in 2019, Workology is the art and science of work, HR and recruitment. A Payscale […] PodcastI’m on a mission to find out more about the value of HR certification. At Workology, we’re a proud approved provider of both SHRM and HRCI certifications. Join the resource revolution. I’m on a mission to find out more about the value of HR certification. At Workology, we’re a proud approved provider of both SHRM and HRCI certifications.

What is a Talent Acquisition Specialist? Explanation and Job Description

Digital HR Tech

Talent Acquisition Specialists (TAS) focus on finding and recruiting these candidates. The talent acquisition specialist vs. the recruiter Talent acquisition specialist job description Senior talent acquisition specialist Talent acquisition specialist salary Wrapping up FAQ.

Ep 162 – The Value of HR Certification: Pay and Career Trajectory

Workology

I’m also excited because, starting in 2019, Workology is the art and science of work, HR and recruitment. A Payscale […] PodcastI’m on a mission to find out more about the value of HR certification. At Workology, we’re a proud approved provider of both SHRM and HRCI certifications. Join the resource revolution. I’m on a mission to find out more about the value of HR certification. At Workology, we’re a proud approved provider of both SHRM and HRCI certifications.

Everyone Thinks They're Underpaid—They're Wrong

Compensation Today

Rita Patterson, Onboarding Team Lead, PayScale Your employees might not be underpaid, but they're probably under-informed. In the 2015 Compensation Best Practices Report PayScale found that the number one reason most people left a company was compensation. However, a recent PayScale study found that only 45% of those who indicated they were underpaid were actually earning less than their peers in similar roles.

Appreciation Rises to the Top for Employee Satisfaction

Waggl

A new study from PayScale that surveyed over 500,000 employees showed that appreciation was by far the most important factor influencing employee satisfaction. Company Culture Listening Culture Talent Management & RecruitingCreating happy and productive employees requires your kudos. Our modern day organizations are large and complex, and our individual and collective efforts can often feel unrecognized.

Top 5 Insights from Last Year’s CBPR (plus take the new survey!)

Compensation Today

For those who don’t know, every year PayScale produces the Compensation Best Practices Report. Because the survey is so detailed and solicits such overwhelming feedback, the PayScale Compensation Best Practices report is the definitive resource for human resource and comp professionals each year. Top Five Insights from PayScale’s 2015 Compensation Best Practices Report: 1. That’s just a slice of the rich insight that comes from PayScale’s Compensation Best Practice Report.

How to approach pay differences for employees doing remote work

Business Management Daily

Recruiting nationally, for at least some positions, can help organizations attract staff from a deeper talent pool. When establishing salaries for remote staff, you basically have three options, says PayScale: Base pay on employer location.

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.