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Workforce Planning is a Team Sport: Collaborating for Success

MP Wired For HR

Organizations must regularly benchmark their compensation packages against industry standards to remain attractive to potential employees. Key Considerations Competitive Salary Structures: Ensuring that salary structures are competitive is crucial for talent acquisition and retention.

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Replacement Planning: 3 Steps to Develop Your Organization’s Strategy

HR Bartender

(Editor’s Note: This article is an excerpt from my new book, “ The Recruiter’s Handbook: A Complete Guide for Sourcing, Selecting, and Engaging the Best Talent “ (SHRM, 2018) SHRM members can order a discounted copy at the SHRMStore. Using that as your benchmark, which positions must be filled in less time?

Strategy 315
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A Guide to Compensation Analysis

AIHR

As an example, Slack traditionally compensated employees based on localized benchmarks in their New York and San Francisco offices. Let’s take a look at other benefits of a compensation analysis: Salary benchmarking gives an impartial idea of competitive salaries and allows organizations to make informed decisions.

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Tailoring a Total Rewards Strategy for Small Business Success

Extensis

Benchmarking your organization’s benefits, programs, and policies against industry standards and best practices is also helpful during the design phase. Your business’s employee handbook should be updated to reflect all rewards, and any relevant informational materials can be distributed to staff via email and a company intranet.

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You Asked, We Answered: Top Questions About Pay Transparency

MP Wired For HR

Start by conducting a comprehensive market analysis to understand current salary benchmarks and industry standards. If your company’s salary ranges or compensation practices are outdated or misguided, there are several steps you can take to realign them with current best practices.

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Conducting an HR Audit – Review, Identify, Improve

CCI Consulting

Here are some of the most common inefficiencies and risks discovered in the audit process: Noncompliance with Federal & State Laws – Regulators are consistently moving benchmarks for compliance; a frequent incumbency that businesses may accidentally allow to slip through the cracks.

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MP: Wired for HR – The Ultimate HR Advisory Services

MP Wired For HR

Employee Handbook Updates: MP proactively revises HR policies and employee handbooks to reflect changing labor laws and business needs. Compensation Analysis & Salary Benchmarking: Ensure competitive, compliant pay structures that align with market standards.