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Compensation Management: Salary Benchmarking and Beyond

Zenefits

There are several salary comparison tools to help aggregate data for specific roles. Indeed also provides a free tool for salary comparisons. 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.

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7 Compensation Issues and How to Fix Them

Analytics in HR

However, usually, these conclusions tend to be made based on a comparison with peers working in the same job and industry. A compensation consultant can support your organization by setting salaries and pay grades for new positions, collecting benchmarking data on wages, and recommending bonus structures. Let’s dive in!

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Salaries for Human Resources: Navigating Compensation in 2024

Heyyy HR!

This post is all about salary trends for human resources professionals in comparison to other career fields. This benchmarking process helps ensure your offers are in line with industry standards, which is critical in attracting and retaining talent. According to Payscale (below), the average salary for an HR Manager is $74,417.

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What Other Employers Can Learn From Uber: Recognizing and Combating Sexism in the Workplace

Compensation Today

Start with a gender earnings comparison – through a compensation analytics tool or via spreadsheet – to see if there are any uncovered pay inequities in your organization. Recently, companies like Apple, Microsoft and Facebook have pledged to close the gender pay gap at their companies, in part by conducting annual pay analyses.

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5 Stats That Reveal A Persistent Challenge for Recruiters in Finance

Entelo

That’s why over the next couple weeks we’ll be slicing the data to provide better insight into specific industries, allowing you to benchmark your own metrics more appropriately. By comparison, about 50% of the respondents as a whole agreed with this sentiment. This week, we've tackled financial services.

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Processing Payroll: What You Need to Know

Zenefits

Benchmark positions, meaning jobs with similar duties, are the best sources for comparing salaries across positions. We recommend using industry benchmarks. Benchmark positions, meaning jobs with similar duties, are the best sources for comparing salaries across positions. Indeed also provides a free tool for salary comparisons.

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How SMBs Can Start Closing the Pay Gap Now

Zenefits

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. The report refers to a wage comparison between men and women with equivalent qualifications as a “controlled” gender pay gap. Legacy survey providers. Unvetted platforms.