Compensation Today

MAY 3, 2017

Every year, the age-old question would come up when it came time to benchmark our fundraising and programmatic jobs. We have gathered compensation best practices from the more than 400 respondents to the PayScale Compensation Best Practices Report who are in the nonprofit industry. Are you paying your top people right?

Compensation 70

Compensation Payscale Benchmarking HR Software 70

Accendo Technologies

SEPTEMBER 25, 2024

This disparity is especially pronounced in industries where talent is scarce, leading to “compensation inflation”—a situation where wages exceed what smaller businesses can sustainably offer, making it even harder to retain talent.

Compensation 52

Compensation Bonuses and Incentives Wage and Hour Training Retention and Turnover 52

Analytics in HR

JUNE 22, 2022

Researching employee salaries, benefits, and total rewards in similar roles, organizations, and industries and recommending changes based on findings. Benchmarking jobs against data collected and market intelligence to determine competitive compensation for each role. Preparing and presenting reports of job and compensation analysis.

Compensation 98

Compensation HR Planning HR Software Interview Software 98

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. For one thing, many jobs exist across all kinds of industries. Look at your talent landscape. Weigh what you can afford to do against what you’re willing to do.

Compensation 75

Compensation Strategy Company Payscale 75

PlanSource

APRIL 8, 2019

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. Gallagher’s Best-in-Class Benchmarking Analysis found similarities in employee benefits management across both midsize and large employers.

HR Planning 15

HR Planning Employment Law Payscale Conference 15

Analytics in HR

MARCH 7, 2022

Therefore, you must consider the broader market and industry when building your compensation structures. However, usually, these conclusions tend to be made based on a comparison with peers working in the same job and industry. Just make sure that they have specific experience in your industry, company size, and location(s).

Compensation 98

Compensation COMPAS Background screening HR Planning 98

Analytics in HR

NOVEMBER 1, 2022

Companies that operate in different industries or are growing rapidly often need to bring in various types of HR professionals to assist in managing the people in the organization. Tasks may include: Managing compensation records Benchmarking of compensation Handling annual performance reviews. Compensation and benefits.

HR Planning 139

HR Planning Resources Hiring Software Onboarding Software 139

Ongig

AUGUST 15, 2022

you might not get top talent to click “apply” without listing salary info you risk losing the right candidate by offering less than industry standards you attract low-quality applicants because the salary is below market value. Be sure to conduct regular salary benchmarking by evaluating your company’s pay standards.

Talent Experience 72

Talent Experience Hiring Software Workable Recruiting Software 72

Decusoft

NOVEMBER 5, 2021

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.

Compensation 52

Compensation Strategy Payscale Hiring Software 52

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.

Report 40

Report Payscale Benchmarking Data 40

Heyyy HR!

JUNE 5, 2024

Do you understand that there is a difference between positions with the same job title, but different locations, industries, and company sizes? In different regions (countries or states), company sizes, and industries, salaries can vary. Salary Surveys and Benchmarks Utilize surveys : External compensation agencies have the best data.

Wage and Hour Training 60

Wage and Hour Training HR Planning Hiring Software Strategy 60

Analytics in HR

APRIL 25, 2022

Payscale is an easy-to-use software that offers choices based on company size for small businesses to global enterprises. Vervoe is an AI technology-driven platform that offers customized assessments based on real-world scenarios for all industries. Video interview platforms. How to build an HR tech stack.

HR Software 122

HR Software Hiring Software Recruiting Software Interview Software 122

HR Daily Advisor

DECEMBER 3, 2014

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). Your top people and especially, your employees who may be looking to move to more growth-oriented industries. Learn More. Why Is It Hard? DiMisa asks.

Hiring Software 40

Hiring Software Payscale Hiring Planning Tools 40

Compensation Cafe

APRIL 18, 2016

One of the common questions I hear from clients centers on how well their people practices and budgets compare to industry benchmarks and groups of top-performers. Research from the firm PayScale may help to answer at least some of those questions, with their annual analysis of compensation trends and activity.

Bonuses and Incentives 40

Bonuses and Incentives Benchmarking Payscale Compensation 40

Tandem HR

FEBRUARY 9, 2022

Turnover rates vary significantly by industry. 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.

Compensation 52

Compensation Strategy Retention and Turnover HR Planning 52

Oracle HCM - Modern HR in the Cloud

OCTOBER 10, 2019

The biggest single expense of running a business is often labor, anywhere from 15 to 45 percent, depending on the industry according to azcentral, a member of the USA Today network. ” Market data, industry benchmarks, and application of best practices are useful, but also too generic. You cannot stop there.

Compensation 49

Compensation Hiring Software Bonuses and Incentives Planning Tools 49

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. Your job is worth what the market will yield. You can’t afford to rely on your employer to determine a fair salary rate.

Compensation 53

Compensation Coaching Payscale Assessment Software 53

Heyyy HR!

JUNE 13, 2024

Salaries play a significant role in not only attracting professionals to the industry but also in ensuring that the companies maintain a competitive edge. and includes a variety of industries, company sizes, minimum expectations, mixed skill sets, etc. According to Payscale (below), the average salary for an HR Manager is $74,417.

HR Planning 60

HR Planning Compensation Resources HR Software 60

Compensation Today

FEBRUARY 12, 2015

The job market can be brutal, especially in industries that are desperate for great candidates. 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.

Recruitment 40

Recruitment Payscale Compensation Competencies 40

Vantage Circle

SEPTEMBER 8, 2021

According to a report by PayScale , companies who are serious about being competitive will need to invest in solid compensation management. Industry pay benchmark. Industry Market. Wages for people with similar jobs can vary dramatically depending on their industry. Company's organizational hierarchy.

Compensation 52

Compensation HR Planning Planning Tools Wage and Hour Training 52

Analytics in HR

OCTOBER 27, 2023

Employee motivation & job satisfaction An undesirable compensation and benefits package that is below average in the industry will leave employees feeling dissatisfied, unappreciated, and unmotivated at work. Their salary benchmarks are set at the 50th percentile of San Francisco market data.

Compensation 116

Compensation Wage and Hour Training COMPAS Bonuses and Incentives 116

Analytics in HR

DECEMBER 15, 2023

Multinational fast food restaurant chain McDonald’s offers L&D benefits to attract and retain workers in an industry plagued by a labor shortage. When it comes to jobs in L&D , a variety of positions exist, and their duties and responsibilities differ across industries and organizations.

Compliance Training 98

Compliance Training Assessment Software Hiring Software Planning Tools 98

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. Where are things going wrong?

Recruiting Software 28

Recruiting Software Recruitment Payscale Diversity 28

Business Management Daily

OCTOBER 18, 2023

Salaries don’t account for the full compensation package In some industries, bonuses or commission payments represent a significant portion of an employee’s annual compensation. However, if you are doing regular compensation increases and proper salary benchmarking, this shouldn’t really be a big drawback.

Compensation 52

Compensation HR Planning Recruitment Payscale 52

Zenefits

JANUARY 31, 2022

It works best in industries in which the income is irregular, making it difficult to pay employees more frequently. Benchmark positions, meaning jobs with similar duties, are the best sources for comparing salaries across positions. We recommend using industry benchmarks. This process is called compensation benchmarking.

Payroll 36

Payroll Hiring Software Wage and Hour Training HR Software 36

HR Tech Girl

APRIL 4, 2023

The layoffs so far have been from a very specific subset of industries, so keep on top of your search, employer brand , and company culture game to keep attracting candidates. 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

ClearCompany HRM

APRIL 11, 2023

We’re at a pivotal point for the HR industry — post-pandemic, companies are adjusting to new ways of working while dealing with a possible recession and facing skills shortages , leading to layoffs in some industries and talent shortages in others. Learn more about our newest additions that are helping clients maximize employee talent.

Video Recruiting 403

Video Recruiting Hiring Software Recruiting Software HR Software 403

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. Market should be the industry, company size, and location where you compete for talent. PayScale is a perfect example. And Amazon.

Wage and Hour Training 40

Wage and Hour Training Payscale HR Planning Hiring Software 40

Workable

JANUARY 3, 2018

Benchmark and forecast your hiring. If your time-to-hire is consistently greater than your industry average , examine which stages of your recruiting process lag. Do more thorough research on benefits and salaries through sites like Glassdoor and PayScale. Gauge candidate interest in the position early on.

Recruiting Software 85

Recruiting Software Hiring Software Data Recruitment 85

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. Check to see if any industry associations or organizations publish salary data.

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. These qualitative insights make companies stronger and more competitive by increasing their preparedness for industry changes and emerging needs.

Recruiting Software 52

Recruiting Software AI Recruiting Hiring Software HR Software 52

Zenefits

JULY 9, 2022

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 by OpenComp, a provider of compensation benchmarking tools for startups, offers some answers. Legacy survey providers. Unvetted platforms. Data from noncompetitors.

Wage and Hour Training 36

Wage and Hour Training Onboarding Software Background screening Staffing Software 36

Workable

OCTOBER 23, 2024

Research from Payscale claims that 50% of employees will switch jobs if they feel underpaid. It is calculated by taking the median salary offered in the industry for similar positions. Average compa ratio In some organizations, the average compa ratio is part of salary benchmarking.

COMPAS 62

COMPAS Compensation Analysis Hiring Software 62

Compensation Today

OCTOBER 26, 2015

Jenni Marquez, CCP, PayScale Compensation Professional PayScale’s Comp Glossary returns! Consider the comp pros at PayScale to be an extension of your team! 2) BENCHMARK JOB Definition: A job commonly found in the market. A benchmark job is what you use to compare pay at your company with pay in the market.

Payscale 40

Payscale Compensation Hiring Software Recruiting Software 40

Workable

FEBRUARY 7, 2024

Pay transparency – or salary transparency – is a setup in a company (or industry) where companies provide information on pay and compensation to employees. It’s not just about the pay itself. Workers feel respected when employers are transparent about salary strategy.

Hiring Software 62

Hiring Software Retention and Turnover Compensation Recruiting Software 62

Workable

NOVEMBER 7, 2017

Knowing what each job entails and its value to your company helps you benchmark salaries more effectively. Talk with your department heads about positions within their departments and look at common job descriptions in your industry. Here are both approaches with examples and how you can combine them: Benchmarking.

COMPAS 86

COMPAS Compensation Hiring Software How To 86

Analytics in HR

FEBRUARY 27, 2024

As such, it usually includes: Learning and development Compensation management Succession planning Industry data and benchmarks Advanced data & analytics Business intelligence Bear in mind that the exact features and functionalities of an HRIS, HRMS, and HCM differ per provider. is around $90,000.

HR Software 98

HR Software Hiring Software Planning Tools Recruiting Software 98