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 15, 2020

What current incumbent employees on a payroll receive normally changes at a faster pace than the external outside competitive market prices for jobs. Churn occurs among grade peers due to new hires, promotions, quits, retirements and reclassifications. New hires enter at lower rates.

COMPAS 40

COMPAS Compensation Immedis Retirement 40

Thrive Global

JANUARY 15, 2020

Organizations need to take both a macro and micro look at their pay practices to understand if they are fairly compensating their employees. If there is a clear difference in scale or compa ratios, then it is clear there is a bias. They paid them from a central payroll system operated at the HQ.

Visier 36

Visier Hiring Software Wage and Hour Training Interview Software 36

Visier

NOVEMBER 28, 2018

Pay traditionally gets negotiated once at hire and any merit increases are thereafter distributed according to broadly applied policies. Whether or not these compensation policies are helping employee retention, boosting productivity, or otherwise making the best use of your compensation budget is a mystery. .

COMPAS 30

COMPAS Compensation Policies Hiring Software 30

HRExecutive

NOVEMBER 8, 2024

According to Sapient research, the top spending areas for 2025 are likely to include improvements to global payroll, HRMS replacement, learning and benefits. HR tech in action CodeSignal , a skills development platform, has launched an AI-powered interview solution to streamline hiring for sales roles. Get the replay here.

HR Software 114

HR Software Hiring Software Assessment Software Planning Tools 114

Trusaic

DECEMBER 12, 2023

Significant amendments relate to the scope of required employee level compensation data, factors used to determine pay, and documentation that help explain factors and reasoning used to determine compensation. Carry out a pay equity audit and bring your compensation structures up to date now.

COMPAS 130

COMPAS Compensation AI Recruiting Compliance 130

Workable

NOVEMBER 7, 2017

Pay structures define employee compensation for different jobs or groups of jobs. Here’s our guide on why and how to set up a pay structure: Why you need structured employee compensation. Compensation structures create a fairer and more predictable process for determining an individual’s compensation. Arbitrary figures.

COMPAS 85

COMPAS Compensation Hiring Software How To 85

HRsoft

FEBRUARY 20, 2024

How to get more out of your compensation management efforts? Learn what compensation management is and why it is important to increase employee retention , motivation, and productivity. Compensation practices continue to evolve as economic factors, industry changes and employee demands transform.

Compensation 59

Compensation Planning Tools HR Software Assessment Software 59

Compensation Cafe

JUNE 15, 2015

After many years in the compensation profession, I remain completely befuddled at the idiotic policies still blindly followed as “best practices” when they are merely popular mistakes continually repeated by a majority. serves on the Advisory Board of the Compensation and Benefits Review and will express his opinion on almost anything.

COMPAS 40

COMPAS Policies Hiring Software Recruiting Software 40