article thumbnail

Tech is changing the game for compensation managers

HR Brew

Gone are the days of sifting through Excel cells or binders to audit employee compensation on a once-a-year basis. The proliferation of pay data makes HR’s role more complex, but technology has also evolved to meet the needs of today’s compensation managers. We used to get binders,” he said. “We Now, everything is electronic.”

article thumbnail

Gen Z values work-life balance over compensation, culture. Here’s why that’s important for your recruiting strategy

HR Brew

That’s according to a recent SurveyMonkey survey of 1,222 US workers. Millennial and Gen X respondents, meanwhile, said compensation and benefits are most valuable, with 30% and 29% ranking it in first place, compared with 20% of Gen Z employees. Career over company.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

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.

article thumbnail

Employee resource group leads worked more in 2023, but fewer were compensated

HR Brew

The Rise Journey, an ERG consultancy, recently released its fourth annual State of the ERG report, examining how companies deploy ERGs and compensate their leads. On the other hand, 29% surveyed had “more than $10,000.” But fewer were compensated: Just 41% of organizations paid their leads last year, down from 43%.

article thumbnail

2019 Compensation Best Practices Report

Some surveys show that money is the biggest motivator driving employees to seek other jobs, while others show career growth as the primary incentive. Whatever the reason, with everything from compensation to company outlook to key corporate values being shared online, it's easier than ever for workers to research and evaluate employers.

article thumbnail

First comes pay transparency. Next comes pay equity.

HR Brew

Pay transparency is now a norm for many US employers, according to recent surveys, thanks to a wave of legislation requiring businesses to share information about salaries in job postings. A separate survey from consulting firm Mercer found around 30% of organizations are considering sharing pay ranges beyond what the law already requires.

article thumbnail

Compensation Surveys: Are They Necessary?

Astron Solutions

Finding the fairest and most motivating compensation for your team members is one of the most important jobs for HR leaders like you. Along with organizing your company’s structure and ensuring staff members stay engaged and motivated, determining a dedicated compensation plan is key to growing your organization and evolving over time.

article thumbnail

The 2019 Compensation Best Practices Report

Speaker: Wendy Brown, Director of Content Marketing, PayScale

According to PayScale’s latest Compensation Best Practices Report (CBPR) survey, nearly half of employers feel that the strong job market has increased their turnover rates.

article thumbnail

Tech Talent Ranks the Most Innovative Companies They'd Love to Work for and Why

Showcasing factors that tech knowledge workers care about beyond compensation can give companies a much-needed competitive edge in the battle for the best tech talent. Hired surveyed more than 4,000 tech workers to find out which companies rank as their most desirable employers and how other organizations can compete for their attention.