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Another New Year- Time to Think About Bonuses

Affinity HR Group

With 2019 over and at the dawn of a new decade, it’s an ideal time to think about bonuses for 2020. Over 60% of respondents in a 2016 World at Work survey reported using some type of bonus or variable pay program, as did 73% of respondents in a more recent 2019 Payscale survey. Discretionary Bonuses.

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Top Five Compensation Trends from 2016

Compensation Today

2016 has been anything but boring. In the spirit of the coming new year, let’s count the top five 2016 compensation trends! Count down the top #compensation trends of 2016! Count down the top #compensation trends of 2016! Many state and local minimum wages changed in 2016, whether by vote or by law.

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Merit Talks: Tis the Season

Compensation Today

In addition to linking bonus and incentive payouts, 50% of organizations surveyed in PayScale’s 2016 Compensation Best Practices Report said the main reason for giving raises was performance-based pay increases. PayScale Crew guides HR and managers through the merit cycle without the need for complex spreadsheets.

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Why Referrals Might Be Hurting Your Diversity Efforts (and What You Can Do to Change That)

Linkedin Talent Blog

A recent report from PayScale shows that job referrals can bring more engaged employees into your company, but tend to benefit white men a lot more than women or people of color. During a four month period in 2017, PayScale surveyed 53,000 workers to find out whether they got their job through a referral.

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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!

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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. This comes on the heels of somewhat stagnant growth and the company’s efforts to retain key employees with generous bonuses.

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Cash is Still King When it Comes to Compensating and Engaging Workers

Compensation Today

Taylor, CPC, PHR, SHRM-CP, PayScale Senior Blogger When I wrote Golden Carrots Don’t Produce Employee Engagement last year, little did I know just how much this would ring true for 2016. Compensation is more than just developing incentive plans and giving people small annual raises. It’s so much more.