HR Digest

MAY 4, 2021

Getting pay right for remote workers requires a thoughtful and well-articulated approach to compensation To get a fair compensation package for remote workers, certain factors must be considered. A study by payscale, a payroll company, into salary data reveals that remote workers are actually paid more than people who work in an office.

How To 98

How To Compensation Payscale Talent Experience 98

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. You Can’t Find Relevant Market Data.

Data 74

Data Hiring Software Planning Tools Benchmarking 74

Compensation Today

JULY 5, 2017

Job benchmarking to market data – 2. Tip: Ease the effort of the increase process with PayScale Crew. You’re not alone; think of it as a well-organized to-do list. In the example of a sprint with a focus on benchmarking, the goal of that sprint might be “obtain relevant market data for sales roles.”

Compensation 70

Compensation Change Management Benchmarking Planning Tools 70

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. 42% of #nonprofits pay more for competitive jobs.

Compensation 70

Compensation Payscale Benchmarking HR Software 70

Accendo Technologies

SEPTEMBER 25, 2024

Our article explores the vital role that well-designed compensation packages play in retaining talent. Understand Market Benchmarks One of the most critical steps in designing a competitive compensation package is understanding industry benchmarks. That’s where a competitive compensation package comes in.

Compensation 52

Compensation Bonuses and Incentives Wage and Hour Training Payscale 52

Zenefits

MAY 9, 2019

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. This process is called compensation benchmarking. How is compensation benchmarking done? It’s a central element of a well-structured compensation plan.

Benchmarking 31

Benchmarking Compensation Hiring Software Recruiting Software 31

Zenefits

DECEMBER 29, 2021

With each gap, compare data from compensation benchmarking tools to determine how much you’ll have to spend to attract needed talent. You can also find the best level of employee compensation (salary, benefits, and flexible benefits) as well as the kinds of workers you want on your teams (contract, full time, part-time, and freelance).

Payscale 36

Payscale Strategy Bonuses and Incentives Hiring Software 36

Analytics in HR

JUNE 22, 2022

Benchmarking jobs against data collected and market intelligence to determine competitive compensation for each role. According to Payscale , the average annual base salary for a compensation analyst in the U.S Collecting feedback on compensation-related issues through the above-mentioned research methods. Skills and qualifications.

Compensation 97

Compensation HR Planning HR Software Interview Software 97

Analytics in HR

NOVEMBER 1, 2022

Tasks may include: Managing compensation records Benchmarking of compensation Handling annual performance reviews. Meanwhile, on Payscale , the average annual salary of HR specialists in Chicago is $57,071, while their New York HR specialist colleagues receive $64,890 annually. Compensation and benefits. HR specialist responsibilities.

HR Planning 137

HR Planning Resources Hiring Software Onboarding Software 137

PlanSource

APRIL 8, 2019

The New York Times breaks down the phenomenon by the numbers and explains common misconceptions about the phenomenon as well as how race factors into the equation. Gallagher’s Best-in-Class Benchmarking Analysis found similarities in employee benefits management across both midsize and large employers. Payscale, 2019.

HR Planning 15

HR Planning Employment Law Payscale Conference 15

Analytics in HR

MARCH 7, 2022

In order to find out what the current market looks like and where you stand, there are a bunch of resources that you can tap into, such as Payscale, LinkedIn Salary, Glassdoor, The US Bureau of Labor Statistics, and salary and benefits information on competitors’ job postings. Let’s dive in! Researching the market.

Compensation 98

Compensation COMPAS Background screening HR Planning 98

Analytics in HR

APRIL 25, 2022

A well-built HR tech stack has considerable benefits for both HR professionals and employees in companies of all sizes. It integrates well with other tools and is very user-friendly. Managers, as well as HR, benefit from it, and the software has built-in controls to protect sensitive employee data. Video interview platforms.

HR Software 121

HR Software Hiring Software Recruiting Software Interview Software 121

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. 2 – Analyze the Current Compensation Plan Decide if your compensation plan needs a do-over by comparing it to current salary range benchmarks for every job description.

Compensation 40

Compensation Strategy HR Planning Payscale 40

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.

Hiring Software 40

Hiring Software Payscale Hiring Planning Tools 40

Ongig

AUGUST 15, 2022

Be sure to conduct regular salary benchmarking by evaluating your company’s pay standards. But, if they feel they’re not well compensated for their efforts, it’s just a matter of time before they start researching and applying for other companies (that offer the same role at a higher salary).

Talent Experience 72

Talent Experience Hiring Software Workable Recruiting Software 72

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

Compensation Today

JANUARY 21, 2016

Rita Patterson, Onboarding Manager, PayScale. First off, it’s essential to communicate how the salary for that role in your organization is benchmarked. Rita Patterson is a Certified Compensation Professional and manages the Onboarding team at PayScale.

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Payscale Benchmarking Compensation Onboarding 40

Tandem HR

FEBRUARY 9, 2022

This essential business asset deserves a well-crafted strategy. Benchmark Jobs to Market. Here are some additional tips: When benchmarking to market, compare the position criteria/description versus position title. Both data points help determine if compensation is a factor in turnover and how you compare to industry averages.

Compensation 52

Compensation Strategy Retention and Turnover HR Planning 52

Heyyy HR!

JUNE 5, 2024

In the United States, it is not received well when job seekers counteroffer more than once. Salary Surveys and Benchmarks Utilize surveys : External compensation agencies have the best data. Industry Benchmarks : For a more detailed perspective, look into industry-specific salary reports.

Wage and Hour Training 60

Wage and Hour Training HR Planning Hiring Software Strategy 60

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.

Compensation 40

Compensation Payscale How To Retention and Turnover 40

Digital HR Tech

NOVEMBER 11, 2019

A Payscale study gives some insight into the influence of salary. Of course, because compensation and benefits can vary across companies and geographic regions, it’s important to benchmark your programs to ensure you’re maximizing the benefits from your programs. How do HR Departments calculate compensation and benefits?

Compensation 98

Compensation COMPAS HR Planning Retention and Turnover 98

Analytics in HR

OCTOBER 27, 2023

These desires may change depending on personal life circumstances as well as changes in the economy. The law requires all companies to provide a basic set of compensation to employees, but an attractive compensation package will help you stand out from the crowd and win the war on talent, as well as retain your best employees.

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Compensation Wage and Hour Training COMPAS Bonuses and Incentives 116

Analytics in HR

DECEMBER 15, 2023

It expands one’s viewpoint and knowledge base for immediate application, as well as preparation for future endeavors. Empowering future leaders : Providing learning and development opportunities results in well-trained and educated employees who can take on new responsibilities and leadership roles.

Compliance Training 98

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. Your job is worth what the market will yield. You can’t afford to rely on your employer to determine a fair salary rate. Is there a one-to-one match, for example?

Compensation 53

Compensation Coaching Payscale Assessment Software 53

Compensation Today

MARCH 3, 2017

Ensure that jobs are benchmarked accurately, and understand where comparable employees are paid in the range for that role, as well as how their experience, degrees, certifications and expertise have impacted that pay. If skill or experience differentiators are the cause for pay differences, this probably makes sense.

Sexual Harassment 40

Sexual Harassment Harassment Payscale Compliance Training 40

Heyyy HR!

JUNE 13, 2024

This benchmarking process helps ensure your offers are in line with industry standards, which is critical in attracting and retaining talent. Employers need to be well-versed in the legislation and compliance areas that govern how workers are compensated. According to Payscale (below), the average salary for an HR Manager is $74,417.

HR Planning 60

HR Planning Compensation Resources HR Software 60

PI Worldwide

APRIL 26, 2019

In this post, we’ll discuss actionable ways to address pay inequality on your team, as well as ways you can prevent pay inequality in the first place. Work with your partners in finance and HR to determine change in the cost of living in your location, as well as competitive salary ranges for the positions of your team members.

Hiring Software 40

Hiring Software Interview Software Compensation HR Software 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. It's important to have a clear, well-defined plan of action before you start. Industry pay benchmark. The overall goal of any business is to make a profit. Outline your Objectives.

Compensation 52

Compensation HR Planning Planning Tools Wage and Hour Training 52

Business Management Daily

OCTOBER 18, 2023

By providing a set publicly available salary range, candidates can not only find jobs in their desired pay range more easily, but salaries become more fairly focused on the requirements of the position rather than how well an applicant negotiates their salary during the offer process.

Compensation 52

Compensation HR Planning Recruitment Payscale 52

Zenefits

JANUARY 31, 2022

Benchmark positions, meaning jobs with similar duties, are the best sources for comparing salaries across positions. We recommend using industry benchmarks. Benchmark positions, meaning jobs with similar duties, are the best sources for comparing salaries across positions. This process is called compensation benchmarking.

Payroll 36

Payroll Hiring Software Wage and Hour Training HR Software 36

HR Tech Girl

APRIL 4, 2023

There are likely going to be a lot more candidates for your job openings and you will need to make sure you have a recruitment strategy on how to streamline but still assess well This is especially the case if you’re not used to the influx of candidates and resumes to go through. This will take time and effort but it’s worth it.

AI Recruiting 52

AI Recruiting Video Recruiting Recruiting Software Hiring Software 52

ClearCompany HRM

APRIL 11, 2023

ClearCompany’s Spring 2023 Product Release contains 6 new product lines and 11 new features, including #Compensation Benchmarking and Mass #EmployeeTexting for recruiters: A New Look to Match Our Refreshed Brand Identity We released a refreshed brand identity earlier this year, so it’s only fitting that our product gets a matching facelift.

Video Recruiting 403

Video Recruiting Hiring Software Recruiting Software HR Software 403

Workable

JANUARY 3, 2018

Benchmark and forecast your hiring. Do more thorough research on benefits and salaries through sites like Glassdoor and PayScale. Here are two common remedies when your new hire turnover is too high: Communicate well with candidates about the job. If you have too few applications, consider sourcing or re-advertising the role.

Recruiting Software 85

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’ve got you covered with some things to consider and tips on how to address the situation. And Amazon.

Wage and Hour Training 40

Wage and Hour Training Payscale HR Planning Hiring Software 40

Ongig

SEPTEMBER 11, 2024

When such imbalances exist in learning environments or elsewhere, marginalized groups may feel particularly excluded and unwelcome, affecting how well they perform in their roles. The automated email sequencing options make reaching out to well-qualified people easier. Additionally, RecruitCRM applies recruiting analytics to save time.

Recruiting Software 52

Recruiting Software AI Recruiting Hiring Software HR Software 52

Zenefits

JULY 9, 2022

Citigroup took similar but less costly steps in 2018 to boost pay for non-White employees, as well as women. But statistics also break down pay differences among women, as well as among men. The report by OpenComp, a provider of compensation benchmarking tools for startups, offers some answers. Legacy survey providers.

Wage and Hour Training 36

Wage and Hour Training Onboarding Software Background screening Staffing Software 36

HiBob

MARCH 3, 2024

The gender pay gap is getting narrower, but at a glacial pace as shown by this 2024 Payscale survey. The five degrees of pay transparency As well as the different laws and legislation surrounding pay transparency, there are many other ways to improve pay transparency in your organization.

HR Software 148

HR Software Hiring Software Discrimination Assessment Software 148