Analytics in HR

OCTOBER 27, 2023

What is compensation and benefits? Compensation and benefits refers to the monetary and non-monetary rewards an employee receives from their employer in exchange for their work. Overall compensation is the top factor that job seekers consider when accepting a new job. What is the difference between compensation and benefits?

Compensation 115

Compensation Wage and Hour Training COMPAS Bonuses and Incentives 115

Trusaic

MARCH 5, 2024

This compensation practice is key to retaining top talent, but it’s important to keep pay equity in mind during the process. Additionally, pay increases should be determined by legitimate, compensable Wage Influencing Factors (WIFs). And this is before accounting for new hires that are brought in throughout the year.

Hiring Software 130

Hiring Software Planning Tools COMPAS Analysis 130

Astron Solutions

OCTOBER 1, 2020

As an HR leader for your organization, you know that employee compensation is not just something you determine when you hire a new team member and then forget about. In fact, how you compensate a team member should reflect their performance and will often change throughout their journey with your organization.

COMPAS 59

COMPAS Compensation Hiring Software Planning Tools 59

HRExecutive

FEBRUARY 2, 2024

This week, compensation market data org Compa publicized $10 million Series A funding led by Storm Ventures. Pay transparency is Compa’s focus. HRE’s sister publication, HRM Asia , wrote about measuring applicant trust in AI-enabled hiring tools. More from HRE Are job seekers receptive to being assessed by AI?

Assessment Software 101

Assessment Software HR Software AI Recruiting Planning Tools 101

Analytics in HR

MARCH 7, 2022

Ignoring compensation issues at your organization can lead to unhappy workers, low morale, decreased productivity, and increased turnover. Hence, your Human Resources and/or Compensation & Benefits department must ensure the compensation you offer to your employees is appealing enough to keep your team happy.

Compensation 96

Compensation COMPAS Background screening HR Planning 96

Workable

OCTOBER 23, 2024

Compensation ratio, often known as compa ratio, will make it easy for you! Read on to what compa ratio is, its benefits, calculation formula, and a lot more. What is compa ratio? Here, compensation refers to the base, annual salary of other individuals working in similar positions in the target market.

COMPAS 62

COMPAS Compensation Analysis Hiring Software 62

Keka HR Blog

MARCH 24, 2021

Companies must go beyond manual pay planning to explore the value of using compensation management software. In this post, we will take a deep look at the many moving pieces of the compensation strategy while analyzing whether companies should make use of a compensation solution and why. What is Compensation Management?

COMPAS 52

COMPAS Compensation Planning Tools Assessment Software 52

Keka HR Blog

MARCH 24, 2021

Companies must go beyond manual pay planning to explore the value of using compensation management software. In this post, we will take a deep look at the many moving pieces of the compensation strategy while analyzing whether companies should make use of a compensation solution and why. What is Compensation Management?

COMPAS 52

COMPAS Compensation Planning Tools Assessment Software 52

Analytics in HR

AUGUST 17, 2021

Salary range penetration is a crucial compensation metric to help you understand and manage pay differences at your organization. Let’s have a closer look at this metric and find out how HR can enable managers to use salary range penetration in their hiring, salary raise, and promotion decisions. What is salary range penetration?

COMPAS 97

COMPAS Examples Hiring Software Compensation 97

HRExecutive

OCTOBER 31, 2023

Advertisement - Some of the important areas where Generative AI is impacting HR, talent and leadership teams include recruitment, employee recognition and engagement, performance management, HR service delivery and more. HR tech providers to watch: Salary.com, Compa, Visier 5. 1 topic in 2024.

HR Software 115

HR Software Hiring Software Recruiting Software Planning Tools 115

Digital HR Tech

NOVEMBER 27, 2019

The compensation and benefits manager plays a key role in coordinating the corporate compensation and benefits department. We dive into the core responsibilities of the compensation and benefits manager, take a look at his/her salary, and finish up with an example job description. What is the compensation and benefits manager?

COMPAS 53

COMPAS Compensation HR Planning Hiring Software 53

Paycor

DECEMBER 21, 2020

You can put in all the work you want developing a great company culture, but if you don’t get compensation strategy right, you’ll be fighting a losing battle to motivate and retain your employees, and you’ll miss out on attracting top talent. Here are three key ways software can improve your compensation strategy: Improve Productivity.

HR Software 52

HR Software Planning Tools Recruiting Software Compensation 52

Visier

AUGUST 22, 2017

Google is the latest company to come under fire for allegedly paying female employees less than their male counterparts , but the tech giant has refused to disclose compensation information to Department of Labor (DoL) investigators. Take steps to correct gender inequity, starting with your processes for hiring and promotion.

COMPAS 174

COMPAS Visier Hiring Software Compensation 174

Zenefits

FEBRUARY 7, 2023

Tracking and evaluating employee compensation metrics matters for maintaining a healthy, viable company. A company’s compensation philosophy plays into the quality of employees it keeps, how difficult retention will be, and how much competition it will face for talent. Understanding total compensation is essential.

Metrics 36

Metrics Compensation COMPAS Retention and Turnover 36

Digital HR Tech

NOVEMBER 11, 2019

Compensation and benefits refer to the benefits a firm provides to its employees in exchange for their labor. Compensation and benefits are thus a key part of Human Resource Management. In this article, we will provide you with a full guide about compensation and benefits. Contents What are compensation and benefits?

Compensation 91

Compensation COMPAS HR Planning Retention and Turnover 91

HRExecutive

NOVEMBER 19, 2021

As most employers are struggling to hire and reports also show that up to 40% of workers are planning to change jobs , there’s little room for error in selecting new HR technology. PwC reports that 74% of businesses plan to increase their spending on HR tech. The stakes couldn’t be much higher.

COMPAS 115

COMPAS HR Software HR Planning Hiring Software 115

Visier

AUGUST 22, 2017

Google is the latest company to come under fire for allegedly paying female employees less than their male counterparts , but the tech giant has refused to disclose compensation information to Department of Labor (DoL) investigators. Take steps to correct gender inequity, starting with your processes for hiring and promotion.

COMPAS 150

COMPAS Visier Hiring Software Compensation 150

Compensation Today

AUGUST 31, 2017

This is a lesson from our forthcoming ecourse on compensation analytics, and builds on what we covered in the post on setting goals. Compa-Ratio. Usage: Compa-ratios help answer the question “Are we paying according to our plan?”. Assess: Similar to market-ratio, a compa-ratio of 1.0 It’s time to get technical.

COMPAS 79

COMPAS Compensation Analytics Guidelines 79

Compensation Today

SEPTEMBER 1, 2017

This is a lesson from our forthcoming ecourse on compensation analytics, and builds on our previous post on five comp analytics to track. In the last lesson, we overviewed five compensation analytics that help track whether your organization is moving in the direction you’re targeting. Compa-Ratio by Function.

COMPAS 50

COMPAS Analytics Compensation How To 50

EmployeeConnect

SEPTEMBER 20, 2016

Recruitment #5. 4 – Recruitment Indicators Average cost per hire: measures the average amount spent to recruit a new employee. Average number of days to hire: the average amount of time required (number of calendar days) to fill an open vacancy. Demographic #2. Organisational Structure #3. Productivity #4.

COMPAS 100

COMPAS Wage and Hour Training HR Software Retention and Turnover 100

Compensation Today

SEPTEMBER 5, 2017

This is a lesson from our forthcoming ecourse on compensation analytics, and builds on our previous post on how to dig into comp analytics for specific questions. You spent some time making sure your compensation plan is current and that it prioritizes the things that drive organizational success. You’ve done it! GET A DEMO.

Compensation 68

Compensation Analytics COMPAS How To 68

HRExecutive

SEPTEMBER 28, 2021

Pitchfest judges Joanne Estrada, Chris Havrilla and George LaRocque grilled start-up entrepreneurs through an opening round featuring a number of organizations from around the globe pitching solutions that address compensation, health insurance, company culture and more. Related: The HR tech start-up market is booming. Consult.),

HR Software 110

HR Software Recruiting Software COMPAS Outplacement 110

HRExecutive

SEPTEMBER 29, 2021

an executive coaching, outplacement and leadership training firm, and Compa, a talent acquisition compensation analytics tool, advanced from that round. The first round kicked off Tuesday night in front of a standing-room, but socially distanced, crowd of attendees in the Expo Hall to close out the first day of the conference.

Competencies 85

Competencies HR Software COMPAS Recruiting Software 85

Visier

MARCH 8, 2018

Gender equity is an issue of incredible focus and debate for employers and lawmakers, particularly when it comes to compensation. Establishing an equitable pay policy is an important step forward, but the gender pay gap is more than a compensation issue. So what’s holding up progress? The Problem with Gender Bias.

COMPAS 152

COMPAS Visier HR Software Hiring Software 152

Visier

AUGUST 21, 2018

In these cases, the client may be able to perform the work itself, but hires the firm because it can perform the service more efficiently. To inform this assumption, you can look at past compensation data and assess compensation changes for junior and senior staff in similar roles in the past.

Hiring Software 156

Hiring Software COMPAS Planning Tools Assessment Software 156

Compensation Today

NOVEMBER 2, 2015

Jenni Marquez, CCP, PayScale Compensation Professional Wow! Can you believe it that we’re half way through our 4-Part Comp Glossary bringing you closer to ‘comp’lete mastery of the compensation language?! Why it matters: The midpoint of your range is probably one of the more important details in your compensation plan.

Payscale 40

Payscale COMPAS Compensation Groups 40

Compensation Today

NOVEMBER 2, 2015

Jenni Marquez, CCP, PayScale Compensation Professional Wow! Can you believe it that we’re half way through our 4-Part Comp Glossary bringing you closer to ‘comp’lete mastery of the compensation language?! Why it matters: The midpoint of your range is probably one of the more important details in your compensation plan.

Payscale 40

Payscale COMPAS Compensation Groups 40

SumTotal

NOVEMBER 14, 2019

For example, HR can play a role in articulating and initiating policies in recruitment, compensation and other functional areas to ensure equal roles receive equal pay, anti-discrimination and increase diversity in terms of fair representation of different groups of people.”.

HR Software 40

HR Software Assessment Software COMPAS Planning Tools 40

Compensation Cafe

APRIL 3, 2018

Let’s look at an example: say you’re hired at the bottom of the salary range, at $80. Your compa-ratio is 80%. After three years your pay is now $90, and your new compa-ratio is 83.6%. compa-ratio will likely have you starting the new job similarly low in your new salary range. Look At The Numbers. Can you do that? -.

COMPAS 51

COMPAS Hiring Software Compensation HR Software 51

Compensation Cafe

MAY 15, 2020

Churn occurs among grade peers due to new hires, promotions, quits, retirements and reclassifications. New hires enter at lower rates. All unproven new hires will immediately earn about the same as the veteran incumbents already there for years, despite no assurance of immediate equal productivity from the fresh faces.

COMPAS 52

COMPAS Compensation Immedis Retirement 52

Compensation Cafe

SEPTEMBER 25, 2018

Of course, there may be several legitimate reasons to pay at the bottom: A newly hired employee only meets the minimum qualifications for the position. The employee is newly hired, with minimal qualifications for the position, so the company uses a temporary training rate. Quite the opposite. Paying less than the minimum.

COMPAS 81

COMPAS Compensation Course Groups 81

Visier

OCTOBER 6, 2021

Organizations with people analytics like Visier in place are in an excellent position to make more equitable and better compensation decisions. Compensation data is tightly guarded and often doesn’t get released to others in the company without approval from the CHRO, CFO, or increasingly, the Chief Diversity Officer.

Visier 195

Visier COMPAS Compensation Hiring Software 195

Business Management Daily

SEPTEMBER 27, 2024

Malicious compliance often occurs as a direct result of unfavorable work environment practices like micromanagement, unfair practices, or poor compensation. While the customers certainly appreciate these seemingly generous acts, they’re actually a way for employees to ‘stick it’ to their compa ny.

Compliance 52

Compliance COMPAS Wage and Hour Training Policies 52

Compensation Cafe

NOVEMBER 27, 2017

Or is this skill set (interface with customers) a compensable factor at all? . Hire into the salary range. Chuck is a broad based subject matter expert with a specialty in international and expatriate compensation. It would seem that the organization doesn't value the impact that their employees can have on customer relations.

COMPAS 53

COMPAS Hiring Software Compensation Survey 53

Compensation Cafe

OCTOBER 5, 2018

Conventional practice is to hire most new people into their jobs at salary levels below their market midpoint or Market Reference Point (MRP) and to move grade structures maybe half as much as the anticipated general market movement each year. Yes, this is “math stuff,” but compensation professionals should be on top of such things.

Hiring Software 75

Hiring Software COMPAS Compensation Planning Tools 75

Compensation Cafe

MAY 31, 2018

Hire well into the salary range for qualified candidates. 1) Ensure that these positions are regularly surveyed for competitive pay practices, and then 2) Create a metric that segments the actual pay of your customer-facing employees to determine the average compa-ratio and spotlight the presence of low paid workers.

COMPAS 40

COMPAS Hiring Software Compensation Survey 40

Compensation Today

SEPTEMBER 16, 2016

I love being around ‘my people’ nerding out on compensation and proudly letting my comp flag fly. Who doesn’t love getting a little weird on free wine with other like-minded nerds who get more impassioned about range penetration & compa-ratio’s with each glass of chardonnay? 'I Those in-between times are when magic happens.

Payscale 40

Payscale COMPAS Compensation Conference 40