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A Guide to Compensation Analysis

Analytics in HR

Compensation analysis is vital to providing fair, equitable compensation. Smart organizations know that providing the right compensation is one of the key pillars to attract and retain the best talent. The purpose of this guide is to provide a basic understanding of compensation analysis and its associated benefits.

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Top 10 Compensation Courses & Certifications in 2024

HR Lineup

In the ever-evolving world of business, compensation professionals play a crucial role in ensuring employees are fairly and competitively rewarded. A well-structured compensation strategy enhances employee satisfaction and drives business success. Key Features: In-depth modules on compensation management fundamentals.

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Cafe Classic: Compensation in Context

Compensation Cafe

Understanding this is critical to effective reward management, asJacque Vilet lays out in this Classic post. I always thought there was a strong connection between compensation and organizational design. I couldn’t “do” compensation unless I had organization charts. Is Compensation in the same state of denial?

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Shortchanging individual contributors could jeopardize employee engagement

HRExecutive

. - Advertisement - Recent research from Northwestern’s Kellogg School of Management (conducted with Visier Community Data) shed light on the gap between people managers and individual contributors (professionals who don’t manage other employees). On average, ICs earn 33% less than people managers.

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Cafe Classic: Conserve Compensation Credibility

Compensation Cafe

Those presented with compensation proposals won’t accept the recommendations unless they trust the provider. Anything that erodes the faith the enterprise has in their total rewards leader’s judgment can cripple the ability to launch and implement effective programs. What has been your experience?

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Managers Make or Break Your Culture of Career Mobility

Degreed

A growing body of research suggests that compared to internal hiring, career mobility structures, or upskilling, hiring external candidates requires more compensation , takes longer , and carries more risk. Third, help create a company culture that rewards managers for supporting career mobility. And losing people is costly.

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Managers Who Don't Manage Pay

Compensation Cafe

Construct job specifications that call for a Manager to manage, as a prime accountability, limiting or even eliminating the retention of individual contributor responsibilities. Measure and reward manager performance primarily based on how they have managed their employees, or on the performance of their unit.