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What Is Human Resources?

Analytics in HR

Meanwhile, PayScale reports the average annual salary of HR Generalists to be $73,207 in New York and $61,899 in Dallas, Texas. Payscale states that the yearly salary of an HR Business Partner in Chicago is $83,135 , while their New York counterparts receive $95,536 per year. The average income also depends on location.

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What is Job Description Benchmarking?

Ongig

Job description benchmarking is similar to salary benchmarking, where you study how other companies list their compensation packages. Here are some steps to develop a great job description benchmark to serve your company well across multiple functions (or even various clients). So, where do you start?

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Compensation Management: Salary Benchmarking and Beyond

Zenefits

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. How is compensation benchmarking done? What are some other means to evaluate compensation without benchmarking?

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The Source: Weekly Roundup – April 8th, 2019

PlanSource

Jellyvision has some great ideas for celebrating on their blog. Gallagher’s Best-in-Class Benchmarking Analysis found similarities in employee benefits management across both midsize and large employers. Payscale, 2019. Equal Pay Day 2019 – Womansplaining the Pay Gap. Women are less happy with their pay than men.

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Designing Competitive Compensation Packages to Retain Talent

Accendo Technologies

Understand Market Benchmarks One of the most critical steps in designing a competitive compensation package is understanding industry benchmarks. Tools like Payscale and Mercer allow companies to calibrate their pay scales based on market trends and specific industries.

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6 Reasons Why Salary is the #1 Lever to Attract Talent [+ keep them!]

Ongig

Be sure to conduct regular salary benchmarking by evaluating your company’s pay standards. Shout-outs: 2022 State of the Gender Pay Gap Report (by Payscale) Tight labor market drives U.S. first appeared on Ongig Blog. It’s crucial to demonstrate an engaging employee experience to capture your ideal candidates.

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The Role Compensation Plays in Values, Culture & Engagement Strategies

Decusoft

Getting compensation right can be tricky – that’s why businesses perform due diligence and conduct benchmarking surveys. A PayScale survey found that 51% of employees believe they aren’t paid fairly even if they’re at or above industry benchmarks. Then they generally take the safest route – the middle lane.