Compensation Cafe

MARCH 29, 2018

I'll be short today so you have time to check out some of the early returns on the CEO pay ratio. Cooley (otherwise know as "the #1 law firm on Fortune's best company list") does a great job of aggregating early pay-ratio trends from a variety of sources including Mercer , Bloomberg and Compensation Advisory Partners.

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Report eBook Compensation Staffing 45

Compensation Cafe

FEBRUARY 20, 2020

In my last blog article , I explained how you can cut and paste your way to a compensation philosophy. In comparison, strategic insights occur when you put your compensation practices and philosophy in a new light, where the illumination falls on the challenges your company will face tomorrow. HR should lead this research.

HR Planning 59

HR Planning Compensation Hiring Software Strategy 59

EngagementMultiplier

JANUARY 18, 2022

Rewards play a key role in job design and include more than compensation and bonuses. How important is the task, in terms of its impact on the company or its customers? In fact, the researchers who developed Job Characteristic Theory identified the impact of job characteristics on employees’ psyches and how they felt about their jobs.

Retention and Turnover 121

Retention and Turnover How To Compliance Training Employer Branding 121

Compensation Cafe

OCTOBER 25, 2018

Plus, every bit of research tells us it's critical to effective compensation. If you're a regular reader of Compensation Cafe, you know that when we talk about pay transparency, we're referring to being clear(er) about how compensation works. We've been talking about it for years, after all.

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Compensation eBook Staffing Talent Experience 49

Namely

NOVEMBER 30, 2017

Take time to research the role and its requirements. Check the Other References While checking references may sound like recruiting 101, it’s particularly important when hiring senior leaders. Start your search for back-channel references by comparing professional networks and looking for any mutual connections.

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Hiring Hiring Software How To Recruiting Software 45

Compensation Cafe

JANUARY 22, 2020

The thing is, CEOs still have misgivings about HR's ability to design and execute a strategic talent strategy, according to McKinsey's research. After all, those who handle compensation influence most talent strategy components including recruiting, performance management, development and staffing. .

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HR Software Staffing Software Hiring Software Staffing 52

UpstartHR

AUGUST 28, 2017

The underlying issue is information asymmetry – when one party has more information than the other, that party has additional leverage in a discussion or negotiation. This specifically applies to compensation as well. When we think about tools like Expedia and Yelp, we realize the value of transparency in the marketplace.

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Compensation eBook HR Software Compliance Training 145

Compensation Cafe

DECEMBER 10, 2021

But how many of us have read our company's annual report ? When strategy is communicated within the company what you typically hear are the headlines. Most companies make a real effort to talk to the general business reader in their report. Where the company is investing for the future. I think I can hear a pin drop.

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Report Compensation eBook Staffing 52

Peoplebox

SEPTEMBER 27, 2024

That’s why having a solid recruitment plan can save you time, standardize hiring, and bring top talent to your company. Leaving the wrong people on the job for long has been the root cause of many performance issues and attrition in many companies. We’ll show you how you can do that, in this article. What is a Recruitment Plan?

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AI Recruiting Recruiting Software Planning Tools Hiring Software 52

Compensation Cafe

JUNE 24, 2020

Odds are, you could make a big impact on your company if you did. Most companies do not use competency-based pay. There are big differences between the two company's cultures, so odds are that employees' competency expectations are very different, too. In fact, many companies are redesigning the way they work.

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Competencies How To Career Development eBook 40

MP Wired For HR

SEPTEMBER 24, 2024

Building a Consistent and Sustainable Compensation Strategy for Your Business September 24th, 2024 Share on Facebook Share on Facebook Share on LinkedIn Share on LinkedIn In today’s competitive job market, crafting a well-structured and sustainable compensation strategy is crucial for attracting, retaining, and motivating top talent.

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Compensation Strategy AI Recruiting Assessment Software 137

15Five

MARCH 29, 2022

Within companies, managers have been found to account for at least 70% of the variance in employee engagement across business units. Company culture, policies, and values all filter through the manager, no matter how carefully they were crafted at the strategic level. Unfortunately, many managers aren’t as great as they could be.

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Retention and Turnover eBook Metrics Talent Experience 264

DailyPay

APRIL 10, 2021

Attrition has always been expensive for companies, but in many industries, the cost of losing good workers is rising, thanks to increasingly tight labor markets. Compensation Force measured the level of total separations in the United States 2016 at 15.1%. READ OUR EBOOK. What is the average employee retention rate?

Retention and Turnover 59

Retention and Turnover Industry Hiring Software Staffing Software 59

Extensis

APRIL 4, 2024

According to Gartner research, these are the five most common HR pain points and potential resolutions for each. Host company events : Hybrid employees can gather and celebrate together on in-office days, or if a team is remote, they can enjoy virtual events like happy hours, cooking classes, game nights, and more.

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HR Software Hiring Software HR Planning AI Recruiting 52

Compensation Cafe

JANUARY 27, 2016

If your company is not on the bandwagon, don't feel like you've been left behind. We're going to look at some descriptive research today. Why don't I know what jobs I'm qualified to do in this company?" Margaret O'Hanlon, CCP collaborated with Ann Bares and Dan Walter to create this DIY guide to compensation leadership.

Performance Management 40

Performance Management Case Study Compensation Staffing Software 40

Compensation Cafe

SEPTEMBER 10, 2020

Mercer just compiled research from a number of sources. Their short report is something you'll want to check out. Are you worried that your company hasn't made enough progress? Only 14% report achieving significant or extreme transparency, so odds are you're in good company. Here are a few highlights that are top of mind.

Compensation 85

Compensation eBook Study Career Development 85

Achievers

FEBRUARY 2, 2021

The traditional concept refers to legally mandated benefits plus a few voluntarily added by employers. Employee benefits are non-salary compensation and perks. They consist of government mandated and voluntary indirect and non-cash compensation. . Pew Research Center analysis of U.S. What are employee benefits? .

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Employee Benefits Hiring Software Recruiting Software Planning Tools 237

Compensation Cafe

AUGUST 18, 2020

You'll find a long list of articles in Compensation Cafe recommending that you create a "message platform" to build your Compensation communications. (It Of course, anyone in Compensation can list a set of messages describing the value proposition of working for your company. It happened again this month.)

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Compensation Planning Tools How To Career Development 98

MP Wired For HR

SEPTEMBER 19, 2024

Pay Transparency 101: Four Ways Your Company Will Benefit September 19th, 2024 Share on Facebook Share on Facebook Share on LinkedIn Share on LinkedIn In today’s workplace, pay transparency is no longer a luxury; it’s a necessity. But what exactly is pay transparency, and how can it benefit your company?

AI Recruiting 126

AI Recruiting Company HR Software Retention and Turnover 126

Compensation Cafe

JANUARY 30, 2020

We really don't spend much time studying the emotions we feel as we practice compensation. Some people find compensation basics boring -- job analysis, job definition, job pricing using surveys and so on. Some people find compensation basics boring -- job analysis, job definition, job pricing using surveys and so on.

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Compensation eBook Career Development Analysis 110

Compensation Cafe

JULY 7, 2020

But what does burnout have to do with the Compensation Department? Most of us believe burnout comes from overwork and we're ready to say that the Compensation Department has no influence on that situation. But Gallup has recently done research with surprising findings -- findings that put the problem squarely in our laps.

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Compensation Performance Management eBook Career Development 96

Zenefits

JULY 27, 2018

As businesses extend their hours to meet market demands and remain agile during economic shifts, many employ workers as needed, especially small companies on tight budgets with limited staff. In this tight labor market, companies are struggling to fill vacancies. workforce, currently about 10%. Boosts in sales and productivity.

Wage and Hour Training 48

Wage and Hour Training Staffing Software Planning Tools Zenefits 48

DailyPay

JULY 13, 2021

READ THE EBOOK. According to research by Harvard Business Review, hourly employees say they are most likely to leave their current position for the following reasons: Finding better opportunities or promotions The desire to make more money Relocating. Variations of Retail Turnover.

Wage and Hour Training 52

Wage and Hour Training Retention and Turnover Hiring Software Compliance Training 52

UKG

OCTOBER 19, 2023

How a Culture of Trust Can Make a Company a Great Place to Work heather.vanhou… Thu, 10/19/2023 - 13:25 Main Image Background Color Blue Body A great employee experience doesn ’ t hinge solely on compensation or benefits. This is why modern organizations must focus on building a company culture of trust to retain talent and succeed.

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UKG Background screening Company eBook 134

MP Wired For HR

SEPTEMBER 26, 2024

You Asked, We Answered: Top Questions About Pay Transparency September 26th, 2024 Share on Facebook Share on Facebook Share on LinkedIn Share on LinkedIn In today’s evolving employment landscape, pay transparency has become a hot topic, prompting many companies to rethink their compensation strategies.

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AI Recruiting Hiring Software Compensation Compliance 140

Compensation Cafe

OCTOBER 22, 2020

Take a look: Reinforce that the compensation study has confirmed that our compensation is competitive, and the new compensation plan practices are common in companies of our size, client relationships and sales objectives. Earlier, she was a Principal at Willis Towers Watson.

Compensation 90

Compensation Planning Tools Tools Career Development 90

15Five

MAY 10, 2017

He developed a brilliant theory on scaling communication along with company growth entitled, The Death Zone : While investors are looking for linear and predictable growth, certain psychological and biological limits prevent that growth on any size team. Scaling Communication. When we hired people before, we became more efficient.

Hiring Software 162

Hiring Software Handbook eBook How To 162

Compensation Today

JULY 24, 2017

This is an excerpt from our recent ebook collaboration with BambooHR entitled Everything You Need to Know About Communicating Pay. Download the full ebook here. Everyone in the organization has a role in the compensation conversation, but the timing is different for each job function. Compensation plan information.

Compensation 72

Compensation Planning Tools eBook HR Software 72

Hppy

APRIL 23, 2017

What is a company going to spend in order to compensate for low retention rates? Doing the math, that means that for an employee salaried at $60,000 will cost the company anywhere from $30,000 to $45,000 to hire and train a replacement. Other research show that the average costs could be even higher.

Retention and Turnover 160

Retention and Turnover Hiring Software Assessment Software Compliance Training 160

Compensation Cafe

JUNE 25, 2020

Compensation departments often run on the "no news is good news" communications strategy, choosing to take the upper hand in their relationship with employees. How long will it work for compensation departments to play it close to the vest in a world where information changes hands every nanosecond? Information sticks to facts.

HR Planning 105

HR Planning Compensation eBook Planning Tools 105

Hppy

FEBRUARY 22, 2017

Companies should not overlook the veteran workforce and instead implement hiring initiatives focused on giving veterans renewed purpose and making the most of their valuable skillsets. Veterans know when to trust their intuition and make informed decisions. Are the values and mission of the company well-defined?

Hiring Software 114

Hiring Software Company How To eBook 114

Achievers

SEPTEMBER 26, 2017

Next, individuals should have information at their disposal that provides insight into what is expected in their current role and any future roles to which they hope to advance. We’re talking about total rewards: compensation, formal and informal recognition, benefits, promotions, project assignments, you name it.

Performance Management 148

Performance Management Assessment Software Planning Tools HR Software 148

The Incentive Solutions News blog

AUGUST 3, 2021

Incentive Solutions Named One of Atlanta’s Best and Brightest Companies to Work For! Our eBooks, FAQ’s and case studies are packed with information about deploying an incentive program that best suits your needs. Incentive Rewards. Choose from online rewards or gift and debit card rewards. Incentive Programs. Recent Posts.

Planning Tools 98

Planning Tools Company eBook Case Study 98

Compensation Today

JULY 31, 2017

This is an excerpt from our recent ebook collaboration with BambooHR entitled Everything You Need to Know About Communicating Pay. Download the full ebook here. A few things to note first: There’s a lot of conflicting information online. It’s typically not intended to be a reference for employees. How to proceed?

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Compliance Training Report eBook BambooHR 82

Compensation Cafe

SEPTEMBER 11, 2018

Just last month, McKinsey & Company, worldwide consulting firm and business strategy guru of record for executives, published the results of a study that point out how to support measurably better business performance through specific talent management practices. Margaret is a Board member of the Bay Area Compensation Association (BACA).

Company 95

Company Talent Experience Talent Management HR Function 95

Achievers

OCTOBER 24, 2017

When most companies hire hourly workers , they often focus solely on the dollar amount they must pay to attract qualified candidates, rather than the perks and benefits that can set them apart from other potential employers. Don’t be MOST companies. So, it begs the questions: How can your company offer flexibility?

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Bonuses and Incentives Hiring Software Employee Recognition HR Planning 146

15Five

JULY 24, 2023

Over the last few months, layoffs and reductions in force (RIFs) have hit tech companies large and small, with announcements and goodbye Linkedin posts a seemingly daily occurrence. We have a credible strategy to improve the company’s prospects. There is a clear role for you to play in the future success of the company.”

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Diversity Metrics Groups Talent Experience 244