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What Is Human Resources?

Analytics in HR

Meanwhile, PayScale reports the average annual salary of HR Generalists to be $73,207 in New York and $61,899 in Dallas, Texas. Payscale states that the yearly salary of an HR Business Partner in Chicago is $83,135 , while their New York counterparts receive $95,536 per year. The average income also depends on location.

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List of Top Pay Equity Software in 2024

HR Lineup

Pay equity software helps organizations identify and address pay gaps by providing analytical insights into compensation trends, disparities, and biases. This article highlights the top pay equity software in 2024, providing a detailed overview of their key features and the specific needs each addresses. What is Pay Equity Software?

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What is Job Description Benchmarking?

Ongig

Job description benchmarking is similar to salary benchmarking, where you study how other companies list their compensation packages. Here are some steps to develop a great job description benchmark to serve your company well across multiple functions (or even various clients). So, where do you start?

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How To Attract and Retain Talent Through Salary Benchmarking

HR Shelf

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?

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Know When to Ask for Help With Your Compensation Project

Compensation Today

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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When You Need to Move Beyond Data for Pay Decisions

Compensation Today

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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Get Me a Compensation Strategy, STAT!

Compensation Today

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. PayScale’s 2017 Compensation Best Practices Report (CBPR) found that just 37 percent of all organizations have a comp strategy.