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. Planning and communicating best practices for evaluating and compensating employees.

Compensation 94

Compensation HR Planning HR Software Interview Software 94

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.

Compensation 63

Compensation Payscale Planning Tools Benchmarking 63

HR Shelf

SEPTEMBER 4, 2023

This is where salary benchmarking comes in, enabling businesses to gauge their own salaries and benefits against competitors within their industry and across the broader market. However, first of all we need to know how salary benchmarking works ? How does salary benchmarking work? Why is salary benchmarking important?

Benchmarking 52

Benchmarking Assessment Software Planning Tools HR Software 52

Analytics in HR

JANUARY 6, 2025

HR top burning question: Why should an organization have a compensation philosophy? Market-based compensation reviews: Uses industry benchmarks, competitor data, or economic factors to make decisions on compensation adjustments. HR top burning question: How to choose the right type of compensation approach?

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Compensation Assessment Software Hiring Software HR Software 83

PlanSource

APRIL 8, 2019

Welcome to The Source, your one-stop-shop for the latest and greatest HR and benefits news. Our weekly publication highlights this week’s top stories in human resources, benefits administration, insurance, legislation and more to make sure you can stay on top of industry trends and changes. Get the full scoop from HR Dive.

HR Planning 15

HR Planning Employment Law Payscale Conference 15

Analytics in HR

MARCH 7, 2022

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. Ignoring compensation issues at your organization can lead to unhappy workers, low morale, decreased productivity, and increased turnover. Let’s dive in!

Compensation 96

Compensation COMPAS Background screening HR Planning 96

Heyyy HR!

JUNE 5, 2024

Not all positions equate to the same salary structure, which includes positions that are in a dedicated Human Resources department. Benefits : These can consist of health/medical insurance, vision, dental, retirement plans, life insurance, and other perks provided by your employer.

Wage and Hour Training 60

Wage and Hour Training HR Planning Hiring Software Strategy 60

Compensation Today

SEPTEMBER 23, 2015

Rita Patterson, Onboarding Team Lead, PayScale Creating a comp plan is like cleaning your house. But cleaning your house and planning your compensation don’t have to be so daunting. But cleaning your house and planning your compensation don’t have to be so daunting. Same goes for your comp plan. Get some help!

Payscale 40

Payscale How To Analysis Benchmarking 40

Compensation Today

MARCH 22, 2017

Start by thinking about your organization’s culture, business strategy, and HR strategy. And since you’ll need people to make all this happen, the HR strategy is your plan to attract, motivate, and retain the right employees at the right time to achieve your organizational goals. Click To Tweet. Look at your talent landscape.

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Compensation Strategy Company Payscale 75

Compensation Today

MAY 3, 2017

In a prior life, I did compensation and HR for a nonprofit. Every year, the age-old question would come up when it came time to benchmark our fundraising and programmatic jobs. The fundraisers, especially the Major Gifts Officers, had some pretty hefty goals to bring in cash. 42% of #nonprofits pay more for competitive jobs.

Compensation 70

Compensation Payscale Benchmarking HR Software 70

Analytics in HR

OCTOBER 27, 2023

For example, perks like bonuses, stock options, 401k matches, pension plans, paid time off , and even free lunches are all attractive to different people and make up an essential part of the compensation and benefits package. HR uses compensation to attract top talent and boost retention rates. This money is subject to taxation.

Compensation 115

Compensation Wage and Hour Training COMPAS Bonuses and Incentives 115

Vantage Circle

SEPTEMBER 8, 2021

As a leader, compensation planning is one of the skills you will need to master. One of the most important aspects of organizational planning is having a compensation plan that rewards employees and provides competitive pay. What is Compensation Planning? Compensation planning is an aspect of talent management.

Compensation 52

Compensation HR Planning Planning Tools Wage and Hour Training 52

U-Next

APRIL 17, 2020

And in HR, metrics play an important role. 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. Though you can consider planned leaves as negligible, unscheduled leaves can kill processes.

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Metrics HR Software Payscale Analytics 52

Digital HR Tech

NOVEMBER 11, 2019

Compensation and benefits are thus a key part of Human Resource Management. Compensation and benefits and employee motivation How do HR Departments calculate compensation and benefits? In the United States, health insurance makes up a key component of benefits. Contents What are compensation and benefits?

Compensation 91

Compensation COMPAS HR Planning Retention and Turnover 91

Zenefits

DECEMBER 29, 2021

Start at the finish line and think about how you plan to get there. 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.

Payscale 36

Payscale Strategy Bonuses and Incentives Hiring Software 36

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. It’s clear that human resource pros are increasingly taking their seat at the decision-making table , and for good reason. Why not get a free salary report and try a PayScale demo today?

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Compensation Strategy HR Planning Payscale 40

Decusoft

NOVEMBER 5, 2021

A complex, critical question that often plagues HR revolves around one of the core components of the employer-employee relationship: money. Getting compensation right can be tricky – that’s why businesses perform due diligence and conduct benchmarking surveys. Compensation is so complex, it’s become a specialty within HR.

Compensation 52

Compensation Strategy Payscale Hiring Software 52

Tandem HR

FEBRUARY 9, 2022

While compensation is only one factor for recruiting and retaining talent, it is critical to your overall HR strategy. Benchmark Jobs to Market. Here are some additional tips: When benchmarking to market, compare the position criteria/description versus position title. Organizational Alignment. All positions evolve over time.

Compensation 52

Compensation Strategy Retention and Turnover HR Planning 52

HR Daily Advisor

DECEMBER 3, 2014

Looking to build and perfect that 2015 comp plan? Start with PayScale’s (free!) complete guide to compensation plans, Bring Back the Sizzle: PayScale’s Guide to Comp Plans That Get Workers Fired Up (In a Good Way). Overall, companies plan to increase sales force head count by an average of 4%.

Hiring Software 40

Hiring Software Payscale Hiring Planning Tools 40

HR Daily Advisor

FEBRUARY 14, 2017

On the other hand, proponents of pay transparency claim that, done correctly, it can improve business results by increasing employee engagement. In a recent webinar, compensation experts Rita Patterson, CCP, and Mykkah Herner, MA, CCP, of Payscale discussed what they call the Pay Transparency Spectrum. Herner lays out the correlation.

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Payscale Compensation Employee Engagement Talent Experience 46

Analytics in HR

DECEMBER 15, 2023

Learning and development (L&D) is a systematic process to enhance employees’ skills, knowledge, and competency, resulting in better work performance. L&D is a core HR function and a significant part of an organization’s overall people development strategy. What helps you be the most productive?

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Compliance Training Assessment Software Hiring Software Planning Tools 98

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 also important to consider the employer-sponsored retirement plan. Your job is worth what the market will yield. Catch the trade winds in your sail.

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Compensation Coaching Payscale Assessment Software 53

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. Executives and executive compensation is more complicated and non-qualified multi-year vesting plans should be considered. The right compensation strategy and structure can help us both hire and retain great talent.

Compensation 49

Compensation Hiring Software Bonuses and Incentives Planning Tools 49

Compensation Today

OCTOBER 28, 2016

Back in the day, our Benchmarking Maven, Ashley Adair, worked to benchmark the role of an Office Manager. Our main contact was an HR Generalist who believed she had full authority on the project. You’re overpaying a high portion of your employees by as much as double, how do you plan to handle red-circled outliers?

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Benchmarking Compensation Planning Tools Talent Experience 40

Business Management Daily

OCTOBER 18, 2023

Human resources teams and business owners across the country need to weigh the pros and cons of including salaries in their job postings to decide whether it will give them a recruiting edge or hinder their hiring efforts. With this area of employment law constantly evolving, employers need to stay up to date on the requirements.

Compensation 52

Compensation HR Planning Recruitment Payscale 52

HR Tech Girl

APRIL 4, 2023

Focus on getting the right people for right now and ensuring that roles in human resources, legal, finance, and risk are covered sufficiently for your area. Pay transparency can be helpful here too, but it’ll probably take the form of pointing the candidate to a part of your website where you have local salary benchmarking.

AI Recruiting 52

AI Recruiting Video Recruiting Recruiting Software Hiring Software 52

Zenefits

JANUARY 31, 2022

Monthly pay is the least time-intensive for HR staff, but also the least popular among employees. Benchmark positions, meaning jobs with similar duties, are the best sources for comparing salaries across positions. Benchmark positions, meaning jobs with similar duties, are the best sources for comparing salaries across positions.

Payroll 36

Payroll Hiring Software Wage and Hour Training HR Software 36

Compensation Today

JUNE 13, 2016

Jenni Marquez, CCP, PayScale Compensation Professional Most organizations don’t intend to pay employees low, but market shifts and legislation changes can often result in underpaid employees. As an HR practitioner, especially one involved in compensation, it’s important to keep an eye on your compliance with wage laws in your area.

Wage and Hour Training 40

Wage and Hour Training Payscale HR Planning Hiring Software 40

Workable

JANUARY 3, 2018

Data-driven recruiting is when you use tangible facts and stats to inform your hiring decisions, from selecting candidates to creating hiring plans. Benchmark and forecast your hiring. Do more thorough research on benefits and salaries through sites like Glassdoor and PayScale. What is data-driven recruiting?

Recruiting Software 85

Recruiting Software Hiring Software Data Recruitment 85

HiBob

MARCH 3, 2024

The gender pay gap is getting narrower, but at a glacial pace as shown by this 2024 Payscale survey. HR leaders have the power to clarify the difference between pay equity and transparency for the C-suite (and other decision-makers) and win their support for more progressive initiatives. But there’s a ton of data to dig through.

HR Software 148

HR Software Hiring Software Discrimination Assessment Software 148

Analytics in HR

FEBRUARY 27, 2024

Effective HR management without a Human Resources Information System (HRIS) is virtually impossible nowadays, at least for companies of a certain size. A Human Resources Information System, or HRIS, is a software solution that is used to collect, manage, store, and process an organization’s employee information.

HR Software 96

HR Software Hiring Software Planning Tools Recruiting Software 96

Workable

SEPTEMBER 6, 2024

Maintaining a positive culture “Putting effort into salary research, benchmarking, and using findings to make compensation decisions can impact workplace culture,” explains Aida Gueye , an HR professional. Pay is a key piece in helping workers feel adequately supported, recognized, and appreciated.

Hiring Software 110

Hiring Software Compensation Metrics Benchmarking 110

Ongig

SEPTEMBER 11, 2024

User-friendly communication tools empower recruiters by letting them speak one-on-one with applicants, explaining everything from corporate perks to payscale details. Cloud-based tools also let platform users create company benchmarks for hard and soft skills and monitor the progress over time.

Recruiting Software 52

Recruiting Software AI Recruiting Hiring Software HR Software 52

Analytics in HR

APRIL 10, 2024

As author Roy Bennett said, “There is no better investment than investing in yourself,” and that is certainly true when it comes to investing in a global HR certification that can unlock your earning potential and expand your career prospects. Contents What is a global HR certification? Why is a global HR certification important?

Global HR 59

Global HR Certification HR Planning Compliance Training 59

Zenefits

JULY 9, 2022

A Human Rights Campaign report shows that employers pay LGBTQIA+ workers 90 cents on each dollar everyone outside of their community receives. 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. Answer to see the results.

Wage and Hour Training 36

Wage and Hour Training Onboarding Software Background screening Staffing Software 36

Workable

OCTOBER 23, 2024

It fosters loyalty and encourages them to contribute better to the company’s overall growth, resulting in enhanced productivity. Research from Payscale claims that 50% of employees will switch jobs if they feel underpaid. The ratio plays a role in budget planning and creating/redesigning pay policies.

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COMPAS Compensation Analysis Hiring Software 62