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PayScale Tools for Today's Comp Pro! Compensation Glossary: Part 2 of 4

Compensation Today

Jenni Marquez, CCP, PayScale Compensation Professional PayScale’s Comp Glossary returns! Consider the comp pros at PayScale to be an extension of your team! 6) MARKET-RATIO Definition: The comparison of internal pay to the market pay rate for a job. Calculated as Pay Rate ÷ Target Market Percentile.

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7 Essential Steps to Master Salary Benchmarking for Strategic Workforce Planning

Hoops

Industry Reports: Platforms like SHRM or Payscale provide detailed compensation benchmarks for specific roles and industries. For example, our analysis of HVAC technician roles in Dallas revealed hourly rates ranging from $20 to $55, depending on experience and certifications. hour, with top earners at $39.65/hour.

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7 Compensation Issues and How to Fix Them

AIHR

However, usually, these conclusions tend to be made based on a comparison with peers working in the same job and industry. This can cause them to be disgruntled and less engaged. How each team member decides whether their salary and benefits are fair varies from person to person. Let’s dive in! Researching the market.

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What Other Employers Can Learn From Uber: Recognizing and Combating Sexism in the Workplace

Compensation Today

Start with a gender earnings comparison – through a compensation analytics tool or via spreadsheet – to see if there are any uncovered pay inequities in your organization. Recently, companies like Apple, Microsoft and Facebook have pledged to close the gender pay gap at their companies, in part by conducting annual pay analyses.

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The State of Job Descriptions: Trends, Best Practices, & AI-Powered Optimization 

Ongig

In these situations, licenses and certifications are good alternatives to traditional four-year courses. In comparison, 15% said theyd actively discourage others from applying based on a negative candidate experience. Payscale uses AI to automatically match jobs to relevant salary market data for precise benchmarking.

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The Free Trap: Why Free Data Isn't All It's Cracked Up To Be

Compensation Today

Kari Van Hoof, CCP, PayScale Compensation Professional The internet is a great and wondrous thing, where with just a few key word searches, you can find anything and everything, including pay data. Job-specific factors like experience, education, skills and certifications all affect pay. As they say, you get what you pay for.

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The Free Trap: Why Free Data Isn't All It's Cracked Up To Be

Compensation Today

Kari Van Hoof, CCP, PayScale Compensation Professional The internet is a great and wondrous thing, where with just a few key word searches, you can find anything and everything, including pay data. Job-specific factors like experience, education, skills and certifications all affect pay. As they say, you get what you pay for.

Data 40