HRsoft

MARCH 20, 2024

As your business grows and scales, the facts and figures you look at can differ daily. Compensation is one area that you can’t afford to overlook. Joe Poxson , CEO of HRSoft explains that “crafting an effective compensation strategy tailored to the specific stage of the organization is paramount.

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HRsoft

APRIL 19, 2024

Compensation professionals face growing pressure to ensure fairness and transparency in pay practices amid changing regulations and heightened employee expectations. Traditionally, compensation processes operated in separate silos, with market pricing and compensation planning treated as distinct entities.

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Homebase

APRIL 19, 2024

Whether your employees work behind a counter, at a desk, in a warehouse, or wherever, there are risks of injury in almost all lines of work. That’s why workers’ compensation insurance—also often called worker’s comp — is mandatory in most states. Get started for free with Homebase What is workers’ compensation insurance?

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Workable

OCTOBER 5, 2023

These compensation and benefits manager interview questions are directly sourced from real hiring managers and they are ready to use. Make sure that you are interviewing the best compensation and benefits manager candidates. Have you had experience presenting to a board’s compensation committee in a public company?

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JazzHR

APRIL 6, 2024

This blog explores how integrating an ATS (applicant tracking system ), Payroll, and HR (Human Resources) system is key to building employee loyalty, with insights from Greenshades and JazzHR on their approach to simplifying these critical processes. This shift bolsters their initial engagement and their loyalty from the start.

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Recruiting Daily Advisor

NOVEMBER 4, 2022

One of the biggest expenses for any company is labor, and employees are beginning to pay much closer attention to how inflation is impacting their relative compensation. When inflation is exceeding eight percent per year, a five-percent pay raise represents a three percent decrease in compensation in real terms.

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Recruiting Daily Advisor

JANUARY 23, 2024

In an economic landscape marked by rising inflation, businesses are facing new challenges in managing employee compensation. Here we take a look at how employers are modifying employee compensation in response to inflation. Here we take a look at how employers are modifying employee compensation in response to inflation.

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Recruiting Daily Advisor

DECEMBER 14, 2022

As a recession looms on the horizon of the new year, many HR experts are wondering how to best utilize benefits and compensation packages. As the new year quickly approaches, let’s look back at HR Daily Advisor ‘s best benefits and compensation content of 2022. HR Works Podcast: Compensating the Modern Workforce.

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Recruiting Daily Advisor

JANUARY 24, 2023

It’s a complicated time for HR professionals when it comes to employee compensation and retention strategies. Employers will need to carefully thread the compensation strategy needle if they hope to both mitigate their exposure to a sudden economic downturn and protect their valuable talent pool from competing employers.

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Recruiting Daily Advisor

DECEMBER 13, 2023

Benefits and compensation are an integral component of the HR space. While preparing for the new year, let’s take a look back at HR Daily Advisor‘s best benefits and compensation content of 2023. They can directly influence retention and employee engagement, as they span the health, financial, and work/life balance spaces.

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HRsoft

NOVEMBER 16, 2023

Decisions about employee compensation can have an undeniable impact on an organization. While larger compensation packages can cost a company more, they serve as an effective tool in boosting employee morale, improving work efficiency, and motivating team members to do more. Additional perks.

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ClearCompany Recruiting

DECEMBER 19, 2023

Give useful feedback at least once a week during one-on-ones. Let’s take a closer look at these tips and how you can put them into practice. If your feedback is aimed at addressing an issue, you want to be prompt to ensure that poor work doesn’t cause roadblocks or duplicate work. Try these five tips: Give feedback promptly.

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AkkenCloud

AUGUST 29, 2022

Before you can reduce workers’ compensation costs in your business, you must develop a straightforward formula. or less will decrease your workers’ compensation expenses. Save Money on Workers’ Compensation Insurance. Ensure You are Tracking Workers’ Compensation Claims Management Best Routines.

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Staffingsoft

MARCH 21, 2024

In the changing world of managing a workforce, employee compensation and benefits continue to play a crucial role in attracting and keeping top talent. As businesses adjust to shifts, progress and evolving employee needs it is essential to stay updated on the newest trends in compensation and benefits for organizational success.

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Recruiting Daily

FEBRUARY 21, 2023

Location-based compensation is a practice from the past that has to go. Location-based compensation was inherently fair, ensuring equal pay among employees even when they lived in diverse locations with differing costs of living. Legal Risks Location-based compensation can also pose legal risks, mainly if not implemented correctly.

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Achievers - Recruiting

MAY 10, 2023

And HR leaders understand that a one-size-fits-all approach to compensation and benefits doesn’t best serve their people, or the organization. Compensation should not be the only reward in your toolkit. And so, compensation (financial, benefits, or otherwise) is not the best way to think about personalized employee experiences.

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Recruiting Daily Advisor

APRIL 24, 2023

In an opinion authored by Justice Elena Kagan, the Court held that compensation based on a daily rate didn’t satisfy the “salary basis test,” which is required for an employee to be exempt from overtime compensation. The decision, while specific to day-rate compensation, also applies to exempt employees paid an hourly or shift rate.

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CuteHR

SEPTEMBER 21, 2022

According to 66% of workers, benefits are an essential aspect of overall compensation. The compensation strategy is essential in achieving consistency when it comes to compensation and benefit choices within your firm. However, having a compensation strategy aligned with your business culture is not enough. Overtime Pay.

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Recruiting Daily Advisor

DECEMBER 7, 2023

Compensation leaders support the optimization of labor resources so clinicians, the organization, and its leaders can run at peak performance. In partnership with HR and business leaders, they identify positions to fill, develop precise job descriptions and determine compensation rates to attract top talent.

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HRsoft

OCTOBER 19, 2020

Perform a quick online search for “compensation definition” and you’re bound to yield thousands of results. But is that really all compensation is? In the world of HR, compensation takes on a more significant meaning. The Oxford Dictionary defines it as “the money received by an employee from an employer as salary or wages.”

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Recruiting Daily

MARCH 31, 2022

Compensation not only includes a salary but other monetary benefits like vacation pay, health insurance, travel allowance, work-from-home allowance, stocks and equity and retirement bonuses. Discussing compensation during the interview is one of the most important strategies for candidates to gain all this information.

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Recruiting Daily Advisor

FEBRUARY 17, 2020

Have you heard of the acronym FARM as it relates to compensation? I first heard this term from a BLR ® webinar run by Paul Dorf, the Managing Director of Compensation Resources, Inc. Let’s take a closer look at each component. The point here is that compensation can be used to incentivize employees to focus on specific things.

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HRsoft

APRIL 20, 2020

With the competition for top talent heating up, figuring out a way to keep your best people motivated and productive at work is rapidly becoming one of the top priorities for employers. Many employers believe that an excellent compensation package holds the key to employee engagement and motivation. Prospective recruitment. Learn More.

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Recruiting Daily

NOVEMBER 3, 2021

That means advances in technology are creating new requirements for candidates, even while they generate new challenges for compensation professionals. For the compensation professional, it’s no longer enough to take a standard scientific approach to compensation. Self-Discipline. Analyze, Create and Deliver Data.

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Recruiting Daily

FEBRUARY 17, 2023

This is why many are investigating innovative ways to gain a competitive advantage, such as technology platforms that allow them to analyze compensation data and craft offers that have a better chance of landing new hires. The post How Innovative Compensation Tools are Helping Companies Acquire Talent appeared first on RecruitingDaily.

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HRsoft

NOVEMBER 9, 2020

A compensation philosophy aims to ensure pay is market-competitive and aligned to the business strategy. To support these two factors, there are six components, or goals, of compensation philosophy: Attract top talent from the market. Keep in mind that compensation data may need to be reviewed outside of your specific niche.

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HRsoft

AUGUST 4, 2023

In today’s corporate landscape, companies compensate their employees in two primary ways: directly and indirectly. Understanding the distinctions between these two forms of compensation and helping employees comprehend the full value of their compensation package are essential aspects highlighted in this blog.

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Eightfold

MARCH 30, 2021

This has inevitably led organizations to question their pay scales; specifically, whether or not employee compensation should be based on the living expenses in the employees’ physical location. “To You cannot make such a big decision without closely examining the HR implications of a geography-based compensation policy.

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Recruiting Daily Advisor

NOVEMBER 11, 2022

Department of Labor (DOL) requires federal contractors to annually conduct an in-depth compensation analysis. This aimed to give guidance on how the OFCCP would ensure compliance with its compensation analysis obligations. Compensation Analysis Documentation. In early 2022, the OFCCP issued Directive 2022-01. Background.

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Recruiting Daily

JANUARY 27, 2022

Salary, healthcare and retirement remain the three cornerstones that hold up any solid compensation package. Compensation Myths. But the not-so-fun myths, like those traditionally believed in the world of compensation, can be detrimental to the health of an organization. . Myths are everywhere. 49% want work/life balance.

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Recruiting Daily Advisor

APRIL 7, 2020

During this time, employees are finding they may need to turn to unemployment compensation when perhaps they’ve never done so before. And some employers are learning more about how unemployment compensation works when, until now, it’s simply been something they took for granted and paid the tax for without further consideration.

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HRsoft

AUGUST 31, 2023

Our panel included two esteemed experts who imparted their invaluable insights on the subject: David Turetskey, Vice President of Consulting at Salary.com, and Perry Doody, Co-founder and President of CompTrak , an HRSoft company. These proven best practices can refine your compensation strategies for optimal outcomes.

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Recruiting Daily Advisor

JANUARY 29, 2020

In the world of recruiting and retaining top talent, compensation will drive all your efforts this year. However, candidates feel slightly less comfortable negotiating their salary at their current jobs, with two-thirds (67%) saying they feel comfortable. Pay Gap Problems.

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Media Staffing Network

FEBRUARY 1, 2023

The goal of the study is to guide radio & television owners, operators, and managers to develop sales compensation packages that attract – and retain – the best candidates, including those from younger demographics, in today’s highly competitive hiring landscape. The survey launched today and runs through February 10.

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HRsoft

NOVEMBER 1, 2020

A solid compensation management system should go beyond just checking the boxes by paying people fairly. By optimizing your approach to compensation, you can go beyond pay and spur continuous improvement across your organization. Gallup reports that a whopping 87% of employees are not engaged at work across the globe.

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