Compensation Today

JUNE 20, 2017

Every day, PayScale products and services help compensation and HR pros ideate, create, roll out and manage forward-thinking comp plans. With that in mind, we recently launched a new Support Center to help PayScale product users with key activities like benchmarking, running reports and utilizing structure and analytics tools.

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Compensation Payscale Planning Tools Benchmarking 63

RecognizeThis!

APRIL 18, 2016

Benchmarks and best practices can give company leaders insight into what those around them are doing, how much they are spending, and how well they are performing. – Research on best practices can help a company know what to focus on, but leaders need to consider how those practices play out in their own unique cultures and situations.

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Compensation Payscale Benchmarking Data 80

HR Digest

MAY 4, 2021

The location of the person, the salary data of the geographical locations, skillset, professional ability, the supply-demand factor. A study by payscale, a payroll company, into salary data reveals that remote workers are actually paid more than people who work in an office.

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How To Compensation Payscale Talent Experience 98

Analytics in HR

JUNE 22, 2022

A compensation analyst works within the Compensation & Benefits or Human Resources department and their role is to help organizations develop fair compensation structures to attract and retain employees by analyzing various data. Collecting and analyzing data from market-based compensation surveys to determine market trends.

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Compensation HR Planning HR Software Interview Software 98

Compensation Today

MARCH 20, 2017

Your comp strategy will determine the cut of comp data you use to price your jobs as well as your target percentile. Here’s an example: The Smith Company will use 10,000-employee sized companies in the Software Development industry in our local markets for competitive benchmarking.

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Compensation Strategy Hiring Software Planning Tools 81

Compensation Today

JULY 5, 2017

Job benchmarking to market data – 2. Tip: Ease the effort of the increase process with PayScale Crew. Some of these projects (or pieces of projects) might overlap or be interdependent — for example, job benchmarking to market data will need to occur prior to building pay ranges. MEDIUM IMPORTANCE.

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Compensation Change Management Benchmarking Planning Tools 70

Zenefits

MAY 9, 2019

Salary data surveys are a good first step to determine pay scales for a wide range of positions. Note that survey data should be collected by a third party rather than self-reported by employees to ensure accuracy. There are several salary comparison tools to help aggregate data for specific roles.

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Benchmarking Compensation Hiring Software Recruiting Software 31

Zenefits

DECEMBER 29, 2021

With each gap, compare data from compensation benchmarking tools to determine how much you’ll have to spend to attract needed talent. Compensation benchmarking provides pay transparency and equality which employees enjoy — especially if it applies to promotions. You might end up having to pay more for more urgent roles.

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Payscale Strategy Bonuses and Incentives Hiring Software 36

Analytics in HR

NOVEMBER 1, 2022

This requires HR professionals to make decisions based on data and metrics. Tasks may include: Managing compensation records Benchmarking of compensation Handling annual performance reviews. Human resources specialist job description. Compensation and benefits. HR specialist responsibilities.

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HR Planning Resources Hiring Software Onboarding Software 139

Analytics in HR

APRIL 25, 2022

You will also be able to collect and analyze data to generate reports and make data-driven decisions. Rippling can coordinate with all your HR data and run payroll in 90 seconds. This type of software helps develop and manage pay structures and increases with data-driven information. Recruiting. Video interview platforms.

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HR Software Hiring Software Recruiting Software Interview Software 122

Compensation Today

JULY 21, 2017

We’ve written a lot at PayScale about compensation communication — especially about WHY talking about compensation is important, and WHO should be talking about pay. – Talk through their new base pay and pay range, and market data for their role if applicable.

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Compensation Hiring Software Bonuses and Incentives Payscale 68

Compensation Today

SEPTEMBER 7, 2016

I’m thrilled to be joining some of my PayScale colleagues in presenting at Compference 16 next week, where I’ll be partnering with Kaylyn Messer, Senior Customer Success Manager, to talk about understanding and using our salary data reports. Learn to utilize all of the #PayScale products at #Compference16! Click To Tweet.

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Report Payscale Benchmarking Data 40

Compensation Today

MARCH 22, 2017

I often hear from PayScale customers that they only want to compare themselves to similarly sized organizations in their own industry when pricing their jobs. The result of that conversation should be a decision on the cut of salary data you will use for benchmarking: industry, size, revenue and location(s). Click To Tweet.

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Compensation Strategy Company Payscale 75

Analytics in HR

MARCH 7, 2022

In order to find out what the current market looks like and where you stand, there are a bunch of resources that you can tap into, such as Payscale, LinkedIn Salary, Glassdoor, The US Bureau of Labor Statistics, and salary and benefits information on competitors’ job postings. Let’s dive in! Researching the market.

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Compensation COMPAS Background screening HR Planning 98

U-Next

APRIL 17, 2020

Thanks to the incorporation of analytics in HR processes and data, metrics become all the more crucial as they directly influence the workflow procedure and its consequences. The data from this metric can be used to take long term decisions and set ground rules and benchmarking standards. Business operations are similar.

Metrics 52

Metrics HR Software Payscale Analytics 52

Tandem HR

FEBRUARY 9, 2022

Both data points help determine if compensation is a factor in turnover and how you compare to industry averages. Benchmark Jobs to Market. Here are some additional tips: When benchmarking to market, compare the position criteria/description versus position title. Lastly, market data is collected at a point in time.

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Compensation Strategy Retention and Turnover HR Planning 52

Heyyy HR!

JUNE 5, 2024

Employers may use internal and external compensation resources to set competitive salary ranges, while employees might use compensation data to negotiate their earnings. This means knowing how to negotiate effectively and using available salary data to inform your direction or confirm your confidence during these discussions.

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Wage and Hour Training HR Planning Hiring Software Strategy 60

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. 2 – Analyze the Current Compensation Plan Decide if your compensation plan needs a do-over by comparing it to current salary range benchmarks for every job description. This article tells how. #3

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Compensation Strategy HR Planning Payscale 40

Compensation Today

SEPTEMBER 23, 2015

Rita Patterson, Onboarding Team Lead, PayScale Creating a comp plan is like cleaning your house. Don’t expect yourself to handle job analysis, market benchmarking, comp structure creation, and raise recommendations all in one fell swoop. At PayScale - we’re ready to roll up our sleeves and grab a broom with you.

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Payscale How To Analysis Benchmarking 40

Compensation Today

JANUARY 21, 2016

Rita Patterson, Onboarding Manager, PayScale. First off, it’s essential to communicate how the salary for that role in your organization is benchmarked. Rita Patterson is a Certified Compensation Professional and manages the Onboarding team at PayScale.

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Payscale Benchmarking Compensation Onboarding 40

Dr. Nadine

OCTOBER 4, 2018

If you come to the discussion primed with a solid understanding of industry benchmarks, your argument will be more cogent and you’ll be better able to justify your desired salary. It’s critically important that you draw data from reliable, established sources and accumulate data related to the job you’re actually doing or are slated to do.

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Compensation Coaching Payscale Assessment Software 53

HR Daily Advisor

FEBRUARY 14, 2017

In a recent webinar, compensation experts Rita Patterson, CCP, and Mykkah Herner, MA, CCP, of Payscale discussed what they call the Pay Transparency Spectrum. In fact, according to a Payscale study, 82% of employees are okay with low pay if they understand the rationale behind their pay. The opposite is generally true.”.

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Payscale Compensation Employee Engagement Talent Experience 46

Advos

APRIL 29, 2016

PayScale acquires Denver salary data company. Allegis Global Solutions Partners with PeopleTicker for Labor Rate and Benchmarking. Sign-up for our weekly What’s Hot in HR newsletter to get these weekly updates via email. Generational Capital Markets Announces the Acquisition of Culture.Service.Growth. by Qualfon.

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HR Software Recruiting Software Video Recruiting Paychex 40

Analytics in HR

OCTOBER 27, 2023

Their salary benchmarks are set at the 50th percentile of San Francisco market data. Use data to track which benefits are being used and which ones are unpopular and pivot accordingly. For example: Find out where you sit in the current market by using resources like Payscale and Glassdoor.

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Compensation Wage and Hour Training COMPAS Bonuses and Incentives 116

Analytics in HR

DECEMBER 15, 2023

With 95% of employees using the app, Telefónica was able to collect detailed data on current skills. Track performance Tracking certain data can help justify L&D projects by showing that they engage employees. Also, determine which training data to collect, such as cost and participation rates.

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Compliance Training Assessment Software Hiring Software Planning Tools 98

Digital HR Tech

NOVEMBER 11, 2019

A Payscale study gives some insight into the influence of salary. Of course, because compensation and benefits can vary across companies and geographic regions, it’s important to benchmark your programs to ensure you’re maximizing the benefits from your programs. The data is then anonymized and sold back to businesses.

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Compensation COMPAS HR Planning Retention and Turnover 106

Compensation Today

AUGUST 20, 2015

By Sonnet Lauberth, PayScale Compensation Professional Compensation can be a tricky topic, especially within the non-profit sector where many employees feel that they are “overworked and underpaid.” Depending on your strategy, you might benchmark against other non-profits, private companies, or a mix depending on your workforce.

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Compensation Payscale How To Retention and Turnover 40

Oracle HCM - Modern HR in the Cloud

OCTOBER 10, 2019

” Market data, industry benchmarks, and application of best practices are useful, but also too generic. The right compensation strategy and structure can help us both hire and retain great talent. The challenge with developing the right compensation strategy is that there is no “one size fits all.”

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Compensation Hiring Software Bonuses and Incentives Planning Tools 49

Compensation Today

FEBRUARY 12, 2015

Companies should regularly benchmark wage data before settling on a compensation package for a new hire. Use trusted sources, like Payscale, to determine fair compensation so candidates don''t run to the next competitor for more money. Mistake #4.

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Recruitment Payscale Compensation Competencies 40

Compensation Today

MARCH 3, 2017

Ensure that jobs are benchmarked accurately, and understand where comparable employees are paid in the range for that role, as well as how their experience, degrees, certifications and expertise have impacted that pay. Be honest and don’t shy away from the problem.

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Sexual Harassment Harassment Payscale Compliance Training 40

Heyyy HR!

JUNE 13, 2024

Market-Based Salary Models Market-based salary models rely on external job market data to set wages. 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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HR Planning Compensation Resources HR Software 60

Compensation Today

OCTOBER 28, 2016

Back in the day, our Benchmarking Maven, Ashley Adair, worked to benchmark the role of an Office Manager. It doesn’t have to be scary, but does rely on a strong vision, reliable market data, and great communication skills. #4: He received a benchmarking project from an oil company not too long ago; they had a thousand jobs!

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Benchmarking Compensation Planning Tools Talent Experience 40

Business Management Daily

OCTOBER 18, 2023

Benefits of pay transparency in job postings Even if your company isn’t required to include salary data in job postings, there are some compelling reasons to do it. Including transparent salary data is a great way to build trust with candidates and demonstrate your commitment to DE&I from the very first impression.

Compensation 52

Compensation HR Planning Recruitment Payscale 52

Entelo

JANUARY 30, 2019

While these numbers tell us a lot about what’s top of mind for recruiters as a whole, the data represents the aggregated experiences and practices of professionals from over 13 different industries. We know that every industry faces unique challenges and the solutions are not one-size-fits-all. This week, we've tackled financial services.

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Recruiting Software Recruitment Payscale Diversity 28

Zenefits

JANUARY 31, 2022

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. This process is called compensation benchmarking.

Payroll 36

Payroll Hiring Software Wage and Hour Training HR Software 36

Workable

JANUARY 3, 2018

Traditional recruiting used to rely on luck and intuition more than data, which was time-consuming to amass and analyze. But now, with a wealth of software and analytics tools available on the market, anyone can create a data-driven recruiting process. What is data-driven recruiting? Benchmark and forecast your hiring.

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Recruiting Software Hiring Software Data Recruitment 85

ClearCompany HRM

APRIL 11, 2023

ClearCompany’s Spring 2023 Product Release contains 6 new product lines and 11 new features, including #Compensation Benchmarking and Mass #EmployeeTexting for recruiters: A New Look to Match Our Refreshed Brand Identity We released a refreshed brand identity earlier this year, so it’s only fitting that our product gets a matching facelift.

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Video Recruiting Hiring Software Recruiting Software HR Software 403