Analytics in HR

MARCH 7, 2022

Ignoring compensation issues at your organization can lead to unhappy workers, low morale, decreased productivity, and increased turnover. Hence, your Human Resources and/or Compensation & Benefits department must ensure the compensation you offer to your employees is appealing enough to keep your team happy.

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Analytics in HR

JUNE 22, 2022

In the competitive candidate market, organizations need to get their compensation strategy right. That’s why a compensation analyst is a fast-growing role and a career path worth considering. Let’s explore the role of a compensation analyst and how you can become one. Contents What is a compensation analyst?

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Digital HR Tech

NOVEMBER 11, 2019

Compensation and benefits refer to the benefits a firm provides to its employees in exchange for their labor. Compensation and benefits are thus a key part of Human Resource Management. In this article, we will provide you with a full guide about compensation and benefits. Contents What are compensation and benefits?

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Accendo Technologies

SEPTEMBER 25, 2024

Written by Sheu Quen • 4 minute read • September 25, 2024 Are your employees satisfied with their compensation, or are they looking elsewhere for better offers? That’s where a competitive compensation package comes in. Our article explores the vital role that well-designed compensation packages play in retaining talent.

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Compensation Today

MAY 18, 2017

Among discussion of customer success best practices and trends, there were also deep-dive sessions on customer education and training — my personal area of interest as the Manager of Customer Education here at PayScale. Learn More About Our Compensation Software. Expect These Kinds of Questions About Compensation.

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Compensation Today

DECEMBER 22, 2015

PayScale The article— “4 Compensation Best Practices for Merged or Acquired Companies” written by PayScale’s Comp Pro Sonnet Lauberth, CCP—was recently published in World at Work’s Compensation Focus. One way to retain top talent during a merger or acquisition is to get in front of the new compensation plan.

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HR Lineup

OCTOBER 24, 2024

Pay equity software helps organizations identify and address pay gaps by providing analytical insights into compensation trends, disparities, and biases. This article highlights the top pay equity software in 2024, providing a detailed overview of their key features and the specific needs each addresses. What is Pay Equity Software?

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Something Different

OCTOBER 5, 2015

Okay… so Harvard Business Review has a great article about compensation up here. In it, Dave Smith (Chief Product Officer at Payscale ) points out that most people believe they are underpaid… and that even employees paid above market believe they’re underpaid more than a third of the time.

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Analytics in HR

NOVEMBER 1, 2022

This article will discuss the skills required for an HR specialist, salary expectations, and how you can become a specialist. Human resources specialists perform specific HR functions like recruitment, training and development, compensation and benefits, rewards, and employee relations. Compensation and benefits.

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Compensation Cafe

DECEMBER 5, 2019

What I'm talking about is giving employees enough information to understand how compensation decisions are made in your culture. Employees gather statistics-lite data from sites like Payscale, Glassdoor and Quora and treat it as equivalent to any data you may offer. What is pay transparency anyway, and how do I know when I get there?

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Compensation Cafe

MAY 8, 2018

Thanks to this article by Nestor Ramos and this one by Nicole Yang, both from The Boston Globe, I’m now also familiar with Brady’s compensation ($41 million in NFL contracts alone) and his sense of feeling underappreciated. Yes, the NFL’s Most Valuable Player feels underappreciated. Derek splits his time between Dublin and Boston.

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Compensation Today

JULY 28, 2015

Taylor, PHR, SHRM-CP, PayScale Senior Blogger Recently, I wrote about the sluggish state of the US economy and its impact on wages for the third quarter of 2015. Are employee bonuses the new compensation strategy? But, I neglected to mention one thing. Will more employers offer bonuses?

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Compensation Today

JANUARY 29, 2016

Taylor, CPC, PHR, SHRM-CP, PayScale Senior Blogger From the blistering cold Natural Gas plains of the Northwestern US to the oil rich marshes of the Southeastern US, thousands of job seekers arrive daily in search of good paying jobs. The Q4 PayScale Index revealed that after falling for the first 3 quarters in 2015, wages are also.

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Analytics in HR

NOVEMBER 9, 2023

The field of HR includes a variety of focus areas, such as recruiting, talent acquisition, compensation and benefits , HR training, employment compliance, diversity, equity and inclusion , HRIS technology, and HR communications. If you are interested in a certain HR specialty (compensation, benefits, recruiting, employee relations , etc.),

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Compensation Today

MARCH 28, 2016

Hedge Stahm, Marketing Segment Manager, PayScale Human capital is a company’s most important asset. To keep employees engaged and productive, companies must compensate them appropriately—without overpaying them and running the risk of eroding the bottom line. Impact on revenue Compensation is directly tied to your revenue.

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Compensation Today

JULY 23, 2015

Taylor, PHR, SHRM-CP, PayScale Senior Blogger At the intersection of business objectives and recruitment is a strong compensation strategy. 1 – Become an Expert in Compensation Your first defense in the fight for a more aligned compensation strategy is to become a true expert in everything compensation.

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Compensation Today

JULY 8, 2015

By Tess Taylor, PayScale Senior Blogger and Mykkah Herner, PayScale Director of Compensation Everywhere you turn, there’s more news about big companies like Target, McDonald’s and TJ Maxx raising the minimum wage. But as any savvy professional knows, wages are only a piece of the total compensation puzzle.

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UpstartHR

FEBRUARY 23, 2015

Specifically he was trying to learn compensation when he didn’t have a background/foundation in the topic. Let’s revisit, because it sets up the rest of this article nicely as far as a true need for HR-related information. Payscale sells compensation data and tools to businesses. Compensation.

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Compensation Today

SEPTEMBER 11, 2015

Rita Patterson, Onboarding Team Lead, PayScale Convinced that communicating comp means exposing every employee salary to the masses? Think you can’t communicate comp until you have a fully detailed, flawlessly executed Compensation Constitution in place? Are you ready to take the pay transparency challenge ?

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UpstartHR

JANUARY 23, 2017

Two years ago I wrote an article that has been incredibly popular about how to learn HR for free. Today I’m updating that article here with new information and additional sources, rounding it out at just over 3,000 words–no small task! Payscale sells compensation data and tools to businesses.

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Zenefits

JANUARY 26, 2021

A growing number of employers are giving their employees total compensation statements, also known as total rewards statements. What is a total compensation statement? 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.

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Compensation Today

OCTOBER 14, 2015

Taylor, PHR, SHRM-CP, PayScale Senior Blogger Lately, we’ve seen a lot of discussion about the impact on business and employees alike when faced with a merger and acquisition. So, what does it take to bring compensation planning and methodology together when there are two very different cultures surrounding this?

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Compensation Today

AUGUST 31, 2015

Tim Low , PayScale I was reading this story about GE dumping its famous (and infamous) Jack Welch baby, the stack ranking and annual performance review. If there’s one thing that has surprised me in the past 4 years talking with the people who are responsible for managing compensation in their organizations, it’s been exactly this idea.

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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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Compensation Today

AUGUST 7, 2015

Taylor, PHR, SHRM-CP, PayScale Senior Blogger Hiring great people starts with offering them a competitive work culture and compensation package. PayScale’s 2015 Compensation Best Practices Report revealed that a top concern for companies is attracting and retaining the best talent. But, don’t treat this casually.

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ExactHire

AUGUST 25, 2016

According to this Huffington Post article by key representatives of the EEOC: “Today, 57 percent of women work outside the home, but the typical woman working full-time full-year still makes 21 percent less than the typical man working full-time full-year. Obstacle #2 – Time & money required to get better market pay data.

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Compensation Cafe

MAY 26, 2016

In most companies, HR keeps all the relevant information about compensation for services provided close to the vest, even though I (the employee) have essentially contracted to provide those services. This came to mind while I was researching today's article. And we often take this information imbalance to an extreme.

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HR Digest

FEBRUARY 1, 2022

This article will break down all you need to know about human resources career path planning. Being a good HR career professional means supervising staff members, recruiting qualified applicants, determining compensation levels, and ensuring workplace safety. There are so many ways to go about navigating your way through an HR career!

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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. We’d love to hear your thoughts on this first article in the series! Retail (up 3.9

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Analytics in HR

AUGUST 22, 2023

Payscale estimates that the average Benefits Coordinator salary in the United States is $50,756 annually, while Glassdoor states the average salary is around $51,626 annually. Payscale states that the annual salary of a Benefits Coordinator in Chicago is $47,500 annually, while their New York counterparts receive $55,401 per year.

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Compensation Today

MAY 16, 2016

Jade Makana, Director of Content Marketing, B2B Welcome to the Compensation Roundup, where we bring to you the hottest news in comp! Sample what’s happening in compensation right now, get in the know and grab some conversation starters. This week's topics: A Boom in Benefits, Chobani’s Cup Runneth over, and the Comp Chasm.

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HRsoft

AUGUST 23, 2018

Salary planning typically requires an extensive investment of time and effort for compensation professionals. According to an article in Employee Benefit News , companies can benefit from pulling data from a range of sources, such as crowd-sourced pay data from tools like PayScale as well as other outside surveys.

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Namely

OCTOBER 31, 2017

Still, I would have considered the ubiquity of standing desks to be a “Seattle” or “tech” thing before reading this StarTribune article that says, according to a June report from SHRM, that standing desks have become the fastest growing employee benefit in the U.S. This post originally appeared on Payscale. No, thank you!

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Compensation Today

NOVEMBER 18, 2015

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. So why does everyone think they're underpaid?

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Compensation Today

MAY 23, 2017

Learn More About Our Compensation Software. Take a close look at your compensation. What salary you can offer your potential new hire depends on several things: minimum wage; industry standards ( Payscale is a great resource for this); the candidate’s current salary; and the tasks, required skills, and specialization of the role.

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Compensation Today

JULY 13, 2015

Taylor, PHR, SHRM-CP, PayScale Senior Blogger The PayScale 2015 Compensation Best Practices report indicated that in most companies, CEOs still call all the shots. PayScale data shows that 65% of HR heads at medium sized companies actively set the compensation structure. Happy Medium? This is not enough, however.

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Analytics in HR

JUNE 19, 2024

Payscale noted that having an HR certification positively influences an HR professional’s chances of getting a promotion and salary hike. Compensation and benefits : Salary administration, employee benefits, incentive programs, and compensation analysis. HR tip There are various HR certifications, each with its own focus.

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