Compensation Today

AUGUST 17, 2017

We live, love and dream about data here at PayScale, and big data is driving business and pay decisions across industries and functions. Often folks will begin market benchmarking by looking at data cuts for jobs in their specific industry, location or company type/size. Data, data, data. Click To Tweet. You Need to Pay Above Market.

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Data Hiring Software Planning Tools Benchmarking 74

Analytics in HR

DECEMBER 15, 2023

Bridging skills gaps : Organizations must keep pace with technological advancements and frequent shifts in business concepts. Instead of recruiting externally, Telefónica committed to investing in reskilling and upskilling current employees. This means equipping employees to face new challenges.

Compliance Training 98

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Zenefits

MAY 9, 2019

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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Benchmarking Compensation Hiring Software Recruiting Software 31

Advos

APRIL 29, 2016

Each week, with the help of HRmarketer Insight software , our researchers compile a sampling of mergers & acquisition, funding and partnership announcements from the human resource, recruitment and employee benefits marketplace. PayScale acquires Denver salary data company. TPG Growth Acquires Frank Recruitment Group.

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Accendo Technologies

SEPTEMBER 25, 2024

As a result, recruitment and training costs continue to rise, morale among remaining employees lowers, and the perception of low value remains. Understand Market Benchmarks One of the most critical steps in designing a competitive compensation package is understanding industry benchmarks.

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

HR Tech Girl

APRIL 4, 2023

so I thought I’d take a moment to reflect on some of the prevailing recruitment trends shaping hiring this year and beyond. Also, unlike a lot of these articles I come across, I’ll provide some tips for how you can adapt your recruitment process to avoid any pitfalls and get ahead of the competition.

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Heyyy HR!

JUNE 5, 2024

Salary ranges can be compared on platforms like Salary.com , Built-In , job postings in Indeed, the US government’s US Bureau of Labor Statistics , and others. Salary Surveys and Benchmarks Utilize surveys : External compensation agencies have the best data. Payroll Your payroll system is the foundation of salary administration.

Wage and Hour Training 60

Wage and Hour Training HR Planning Hiring Software Strategy 60

Ongig

AUGUST 15, 2022

This saves time and effort during your recruitment process. Be sure to conduct regular salary benchmarking by evaluating your company’s pay standards. Shout-outs: 2022 State of the Gender Pay Gap Report (by Payscale) Tight labor market drives U.S. So, publishing your salary offers helps manage candidates’ expectations.

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. With it becoming increasingly difficult to recruit and retain talent, employers must take a hard look at the relationship between employee compensation and their value, culture and engagement strategies.

Compensation 52

Compensation Strategy Payscale Hiring Software 52

Analytics in HR

OCTOBER 27, 2023

Total rewards platform Benify has identified four distinct categories, which are: Benefits at work Benefits for health Benefits for financial security Lifestyle benefits Let’s take a closer look at these benefit categories. Some of the benefits are legally required, while others are at the discretion of the employer.

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Compensation Wage and Hour Training COMPAS Bonuses and Incentives 115

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 employees want to bring home a bigger slice of bacon, and you want to control costs—PayScale can help with both. Learn More. Companies Play a Trick.

Hiring Software 40

Hiring Software Payscale Hiring Planning Tools 40

Entelo

JANUARY 30, 2019

The 2019 Recruiting Automation Trends Report has unveiled this year’s most important trends in recruiting, from the ways in which organizations leverage recruiting automation to the most successful strategies for bolstering diversity and mitigating unconscious bias in hiring. This week, we've tackled financial services.

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Recruiting Software Recruitment Payscale Diversity 28

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. All positions evolve over time. Adapt to Environment.

Compensation 52

Compensation Strategy Retention and Turnover HR Planning 52

U-Next

APRIL 17, 2020

If there is a process or a workflow in a system and the flow has a series of tasks, there need to be several metrics to identify the efficiency of the process and understand the efficiency of those who contribute and participate in it. The company then has to incur the expenditure again to train another recruit which is also time consuming.

Metrics 52

Metrics HR Software Payscale Analytics 52

Ongig

SEPTEMBER 11, 2024

As company leaders look to improve hiring processes, many have invested in recruiting analytics tools. Focusing on the top options is an excellent way to feel confident about the chosen platforms and integrate them into current processes. Yello Yello is an option designed for recruiters primarily working on college campuses.

Recruiting Software 52

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ClearCompany HRM

APRIL 11, 2023

There’s a lot on your plate, and you need the right modern software tools and best practices advice to execute your people strategies. As the only full-spectrum talent management platform on the market, our software gives HR teams unprecedented clarity over the entire employee lifecycle.

Video Recruiting 403

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PI Worldwide

APRIL 26, 2019

Hiring for new team members can create salary inequality before their first day on the job, but there are several steps you can take to make sure your hiring and recruiting process is fair to new hires and the rest of your existing team members. Prevent salary disparities before making new hires.

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Digital HR Tech

NOVEMBER 11, 2019

Whether the recruiter lists the wage as an hourly, weekly, monthly, or hourly rate, candidates see it as the most critical part of any job offer. A Payscale study gives some insight into the influence of salary. Compensation managers often use statistical tools, such as regression analysis , to establish a proper salary position.

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Compensation COMPAS HR Planning Retention and Turnover 93

Vantage Circle

SEPTEMBER 8, 2021

Compensation planning is essential for all HR systems. According to a report by PayScale , companies who are serious about being competitive will need to invest in solid compensation management. Competitive Package - Providing a competitive pay structure to improve recruitment and retention prospects. Industry pay benchmark.

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Compensation HR Planning Planning Tools Wage and Hour Training 52

Workable

JANUARY 3, 2018

Traditional recruiting used to rely on luck and intuition more than data, which was time-consuming to amass and analyze. Recruiters and hiring teams could only assume that their hiring methods were effective. What is data-driven recruiting? What is data-driven recruiting? Benchmark and forecast your hiring.

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Recruiting Software Hiring Software Data Recruitment 85

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. PayScale is a perfect example. We’re a software as a service company in Seattle with roughly 350 employees. And Amazon. Even Boeing.

Wage and Hour Training 40

Wage and Hour Training Payscale HR Planning Hiring Software 40

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.

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HR Software Hiring Software Planning Tools Recruiting Software 97

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. And 73% think pay equity has a positive effect on the way companies recruit and retain the best talent. Unvetted platforms. She also recommends using a pay equity audit tool.

Wage and Hour Training 36

Wage and Hour Training Onboarding Software Background screening Staffing Software 36

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. There are plenty of other tools to help you go beyond vague surveys or ranges and get specific.

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Hiring Software Compensation Metrics Benchmarking 110

HiBob

MARCH 3, 2024

The gender pay gap is getting narrower, but at a glacial pace as shown by this 2024 Payscale survey. Pay transparency is a powerful tool to fight pay inequality Around the world, many countries have introduced different laws and pieces of legislation to encourage and enforce transparency in the workplace.

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Workable

FEBRUARY 7, 2024

Outcome transparency involves disclosing the actual compensation figures, such as specific salary ranges or benchmarks for different roles and levels within the organization, allowing employees and candidates to see where their pay stands relative to those benchmarks. It’s not just about the pay itself.

Hiring Software 62

Hiring Software Retention and Turnover Compensation Recruiting Software 62

Workable

OCTOBER 23, 2024

Research from Payscale claims that 50% of employees will switch jobs if they feel underpaid. Average compa ratio In some organizations, the average compa ratio is part of salary benchmarking. Compa ratio is a valuable tool for employers and HR professionals. When employees are paid fairly, they feel valued.

COMPAS 62

COMPAS Compensation Analysis Hiring Software 62

Vantage Circle

MARCH 10, 2021

Employee engagement tool helps measure or boost employee engagement that in turn will improve the productivity and efficiency of the employees and reduce staff turnover. Features of Employee Engagement Tools. Benchmarking. 10 Benefits of an Employee Engagement Tools. Employee perks: Employee discounts. Instant vouchers.

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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.

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Workable

NOVEMBER 7, 2017

This may perpetuate the gender pay gap and, as a result, create systemic pay disparities that prompt discrimination lawsuits. Knowing what each job entails and its value to your company helps you benchmark salaries more effectively. Here are both approaches with examples and how you can combine them: Benchmarking.

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COMPAS Compensation Hiring Software How To 86

Compensation Today

NOVEMBER 25, 2015

Sonnet Lauberth, PayScale Compensation Professional In my time as a Compensation Professional at PayScale, I’ve helped over 75 organizations develop a co mpensation strategy and structure to suit their needs and spoke with hundreds of companies about the challenges they face regarding compensation. Sonnet Lauberth, M.A.,

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Compensation Today

JUNE 8, 2016

By Sonnet Lauberth, PayScale Compensation Professional Today’s business leaders know that talent is critical to an organization’s current and future success. What locations are you recruiting from and/or losing talent to? Specifically: What types of organizations do you compete with for talent?

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Talent Experience Payscale Compensation Competencies 40

Compensation Today

AUGUST 5, 2015

By Jenni Marquez, CCP, PayScale Compensation Professional In our never-ending quest to keep human resource and compensation managers informed and educated about compensation best practices, here is our second part in our two-part series on Building Salary Ranges for Beginners.

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Astron Solutions

JANUARY 3, 2023

Your compensation strategy affects how well your organization is able to recruit and retain top talent, but your strategy doesn’t play out in a vacuum. The practice of benchmarking nonprofit and for-profit executive salaries has become more prevalent in the U.S. 40.0% % of Base Paid 5.0% 2023 % of Base Budgeted 5.0%

Compensation 52

Compensation Trends Bonuses and Incentives Wage and Hour Training 52

Analytics in HR

JULY 8, 2024

Salary benchmarking is a powerful tool for building a stable, motivated workforce and decreasing turnover costs. Contents What is salary benchmarking? Why is salary benchmarking important? How to benchmark salaries Best salary benchmarking tools and free calculators What is salary benchmarking?

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HR Lineup

AUGUST 16, 2024

Salary benchmarking, also known as compensation benchmarking, is a crucial process for businesses that aim to maintain a competitive edge in attracting and retaining talent. What is Salary Benchmarking? Why is Salary Benchmarking Important? Salary benchmarking is important for several key reasons: 1.

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