Astron Solutions

MAY 3, 2022

We are facing an interesting time in compensation. The events of 2020 and 2021 have left a mark on how both employers and employees view work. In this Astronology® we will review some of the factors in play with the current compensation upheaval. Navigating Compensation Challenges in 2022: Three Tips.

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Compensation Retention and Turnover Ceridian Payscale 52

Tandem HR

FEBRUARY 9, 2022

While compensation is only one factor for recruiting and retaining talent, it is critical to your overall HR strategy. Whether initiating or updating your compensation strategy and philosophy, the following best practices may help guide your process and decisions. This essential business asset deserves a well-crafted strategy.

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Astron Solutions

SEPTEMBER 14, 2021

2021 has been a year of surprises in administering employee compensation programs. Among the changes and challenges in 2021 are the following: These factors has led many to rethink past and current compensation strategies as we move into 2022. percent on average in 2022, up from 3 percent in 2021. Retail (up 3.9

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Payscale Planning Tools HR Planning Compensation 52

Analytics in HR

AUGUST 29, 2023

HR manages a spectrum of responsibilities, including recruitment , onboarding , training, employee relations, compensation , benefits administration, and compliance with labor laws. Compensation and benefits: Ensures fair and motivating remuneration, balancing direct salary with non-monetary benefits.

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Affinity HR Group

JANUARY 23, 2020

A 2019 Payscale survey reported that 73% of respondents used some type of bonus or variable pay program. Consider developing a bonus program(s) for 2020 with an anticipated 2021 payout date. Compensation. Salary Compression – Successful compensation programs are both externally competitive and internally equitable.

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Zenefits

DECEMBER 29, 2021

As the workforce moves towards more freelance, contract, and part-time engagements, companies need to make sure they are compensating their employees in a way that meets today’s work style. Creating a compensation philosophy that aligns with your company strategy is one way to strengthen hiring and retention.

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Decusoft

APRIL 25, 2022

In a salary range, compensation is ultimately dependent on skills, qualifications, experience, expertise, and other factors. In states like Colorado, Nevada, Connecticut, and Washington pay transparency laws have been in place since 2021. According to a PayScale survey, while 54.5% Competitive Advantage.

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Ongig

AUGUST 15, 2022

LinkedIn research shows 61% of applicants highlight compensation as the #1 part of a job description. Results show compensation remains the #1 driver in career opportunities across the board. You also inform applicants of the actual compensation for a specific role, giving a fair chance to everyone who applies.

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Linkedin Talent Blog

JUNE 12, 2022

The software development company goes far beyond listing skills requirements and job responsibilities to shed light on such matters as compensation and career paths. They provide a path to learn about compensation GitLab doesn’t publish salaries in its job descriptions. A 2021 LinkedIn survey found that the No.

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Payscale Interview Software Visier Compensation 49

GetFive

SEPTEMBER 23, 2022

Compensation data and software firm Payscale’s Top Jobs and Skills in HR Wage Report analyzed salary profiles completed between July 2021 and July 2022 by 37,859 HR professionals throughout the U.S. Among the findings: Organizations are investing in training programs and professional development.

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Vantage Circle

OCTOBER 7, 2022

As a 2021 Global Risk Report finds, 80% of young people worldwide are vulnerable to depression, anxiety, and disappointment. Another survey conducted by Indeed in 2021 showed: Millennials and Gen Z workers reported the highest rates of burnout at 59% and 58%, respectively. Inadequate Compensation. Source: Payscale.

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Zenefits

JANUARY 31, 2022

It’s how you’re able to compensate employees correctly and on time — which affects employee morale and retention. Other tools like PayScale, Salary.com, and LinkedIn Salary require a subscription or payment to access data but contain a larger number of job titles and data sets. This process is called compensation benchmarking.

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Payroll Hiring Software Wage and Hour Training HR Software 36

Kazoo

APRIL 27, 2022

The country’s workforce is now seeing the highest salary increase averages in 14 years as evidenced by budget increases that companies dedicate to worker compensation. Compensation has not kept pace with the rate of inflation nor the cost of goods and services. in November 2021, according to the Atlanta Federal Reserve Bank.

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Zenefits

JULY 9, 2022

In a new Payscale report , companies pay women whose credentials are comparable to men’s 99 cents on every dollar that their male counterparts receive. According to the 2021 Women in the Workplace report , White men account for 62% of C-suite posts, but just 35% of entry-level jobs. Using compensation data. Money/funding (12%).

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Workable

FEBRUARY 7, 2024

Pay transparency – or salary transparency – is a setup in a company (or industry) where companies provide information on pay and compensation to employees. It is illegal to prohibit conversations about salary in the workplace (in the US, especially) – here, it’s the explicit openness that’s emphasized in communications transparency.

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Hiring Software Retention and Turnover Compensation Recruiting Software 62

Analytics in HR

JANUARY 10, 2022

They are usually in charge of the day-to-day management of HR activities in an organization, including hiring, compensation and benefits, HR administration, and other tasks. 9 out of 10 top skills in 2021 as ranked by L&D professionals are soft skills ( LinkedIn Workplace Learning Report, 2021 ). Soft skills.

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CuteHR

JUNE 14, 2021

A survey conducted by Payscale found that more than 65% of the employees are pleased to receive bonuses based on personal performance. The employees won’t appreciate it if they are not given any worthwhile compensation for their hard work. Bonuses And Raises. Personalizing The Employee Incentives.

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Lighthouse

JANUARY 5, 2022

When you juxtapose that with the fact that 2021 was the biggest year ever for the HR technology market in terms of investment, we just couldn’t go without sharing the biggest pieces of the last 12 months and highlighting a few for their specific value. Key 2021 HR Technology Mergers and Acquisitions.

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Workable

SEPTEMBER 6, 2024

Appropriate compensation has a major impact on your organization’s ability to: Attract top talent According to Gallup, 64% of job seekers say pay and benefits are critical factors when determining whether to accept a new job. Among workers who quit their jobs in 2021, pay was the top-cited factor for why they left.

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HRWatchdog

JANUARY 24, 2022

.” Despite some employees’ hesitancy, so to speak, to share how much they earn, they still want to know what others make — to compare their pay to their peers’ pay or that of the market, according to Ruth Thomas, a pay equity strategist at Payscale.

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Ongig

OCTOBER 25, 2023

The US Bureau of Labor Statistics reported that in 2021, there was a 15.1% It will help to mitigate bias and ensure a more fair assessment of candidates Conduct regular pay audits to determine any gender, racial, or other compensation biases. Enforce transparent salary bands and guidelines to promote fairness in compensation.

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Rise

MAY 18, 2021

Related Reading: The official 2021 payroll calendar for Canadian businesses. Prepare an annual statement of compensation and benefits. If you’re unsure of employee classifications, Payscale has a breakdown of the different terms to help you better understand. That’s why our first and most important tip is to be prepared.

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GetFive

SEPTEMBER 24, 2021

PayScale, a compensation data and software firm, analyzed 538,438 salary profiles collected from July 2019 to July 2021 and surveyed 682 employers from June through August 2021. “What really matters, though, is that compensation programs are competitive, consistent, and fair.” ” SHRM.

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U-Next

AUGUST 11, 2022

Here you will get to know your role as a Data Analyst and the compensation you should expect. is $67,405 as of 2021. Data analysts may anticipate a better than average compensation as well as several career changes from operating in a booming sector. Lakhs, according to PayScale. Introduction. Increase Your Pay.

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Astron Solutions

JANUARY 3, 2023

From the pandemic to the Great Resignation to today’s continued economic turbulence, organizations have had to rethink what the world of work looks like, especially when it comes to compensation. Let’s take a look at what is currently going on in the realm of compensation. Here are some things to keep in mind.

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Compensation Trends Bonuses and Incentives Wage and Hour Training 52

Compensation Today

NOVEMBER 11, 2016

While the presidential election has been top of mind this week for many Americans, and it is undeniable that the presidency has a huge impact on compensation, some of the state and local election results have been very noteworthy as well. Flagstaff has approved Proposition 414 increasing the city minimum wage to $15/hour by 2021.

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