HRsoft

OCTOBER 26, 2023

As organizations strive to attract, retain, and motivate top talent, compensation management continues to evolve. In the year 2024, several trends are expected to shape how businesses approach compensation strategies. Employees increasingly demand fairness and transparency in how compensation decisions are made.

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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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HRsoft

JULY 10, 2023

In today’s dynamic business landscape, companies face numerous challenges in managing compensation effectively. From rapidly evolving market demands to the complexities of diverse workforces, organizations often find themselves caught in a whirlwind of compensation chaos.

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HRsoft

SEPTEMBER 28, 2023

One area that often receives less attention than it deserves is compensation management. Manual compensation processes can be time-consuming, error-prone, and inefficient, leading to frustration among employees and HR professionals alike. In this article, we will explore several compensation processes that can and should be automated.

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Recruiting Daily

NOVEMBER 3, 2021

Technology impacts every industry today, and most of that impact is positive. That means advances in technology are creating new requirements for candidates, even while they generate new challenges for compensation professionals. How do compensation professionals keep up with it all – while they succeed in their role?

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HRsoft

FEBRUARY 15, 2024

In today’s rapidly evolving business landscape, human resources (HR) professionals face a myriad of challenges, from compensation planning to the integration of advanced technologies like artificial intelligence (AI). The post The Year Ahead: 2024 Insights from Industry Leaders appeared first on HRSoft.

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Hireology

AUGUST 2, 2021

But one contributing element that is unique to the auto space is a negative perception of the industry as a whole. Hireology’s State of Hiring research found that only 27% of job seekers across all industries have a higher than average perception of working in the auto space. And that number drops to 19% among women.

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Acara Solutions

SEPTEMBER 18, 2023

These include: Increased competition for top talent in certain industries making it more challenging for companies to find the best candidates for their open positions. Transparent and fair compensation practices will help increase employee trust and engagement and help attract and retain top talent.

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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

JANUARY 11, 2023

Enterprise organizations have had to navigate all these challenges in recent years – is compensation management adding to your headaches? Compensation management is the process of how an organization pays its employees. This can include both direct and indirect compensation , such as salary, bonuses and benefits.

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Acara Solutions

SEPTEMBER 19, 2022

per cent of the construction industry, 47.4 per cent of the manufacturing industry, and 46.3 per cent of the food service and accommodations industry view recruiting and filling open positions as a challenge. Now more than ever, the whole compensation package is essential to the hiring process. Recent job market trends.

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Acara Solutions

MARCH 20, 2024

The days of just overseeing compensation, benefits, and payroll processes are long gone. In this blog, we’re sharing some of the top priorities facing hospitality industry CHROs today. Older workers are also attracted to the industry for its flexible hours, social interaction, or as a second career.

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HRsoft

AUGUST 31, 2023

During this conversation, you will learn about how your organization can leverage compensation strategies and softwares to achieve success. Emerging Trends: We dissected the latest compensation management trends intertwined with pay for performance and pay transparency.

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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. The post 5 Must-Have Components of a Compensation Management System appeared first on HRsoft.

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HRsoft

APRIL 19, 2020

Most HR professionals already understand the most common objectives of compensation management: the idea is to pay your employees fairly while staying in line with the company budget. Here are some of the additional objectives of compensation management: To Attract Top Talent. To Retain & Reward Personnel. To Be Compliant.

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HRsoft

OCTOBER 19, 2020

While recruiting, engagement and retention get all the headlines, you can see how compensation plays a vital role in each of them. With a competitive compensation plan in place, you will better allocate available budgets to right people and places within your organization. To learn more about how COMPview works, visit our product page.

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Hireology

JANUARY 4, 2021

There’s a stigma associated with working in the retail automotive industry that affects who and how you hire. The pandemic has made the unemployment rate in typically safe industries — like hospitality and retail — skyrocket, so attracting those individuals to your dealership is easier than ever. Offer Competitive Compensation.

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HRsoft

APRIL 12, 2020

When your company adjusts is salary ranges, performing a compensation analysis enables you to make sure pay decisions align with both internal and external considerations, such as market trends and company objectives. Performing a full analysis can be complex, but compensation analysis software can help. appeared first on HRsoft.

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HRsoft

MAY 26, 2020

Total compensation has emerged as a great tool for retention. To define total compensation, it is important to first understand its components. Unlike salary or pay that deals with only the monetary aspect of a position, total compensation takes a more holistic approach.

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Rally Recruitment Marketing

AUGUST 28, 2023

Industries from healthcare to manufacturing to travel and leisure have gone through a digital transformation and need to hire talent with the skills to propel their business forward. Understand the Tech and Digital Talent Landscape The first step towards attracting tech and digital talent is gaining a deep understanding of the industry.

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Staffingsoft

OCTOBER 24, 2023

As the staffing industry continues to evolve rapidly, staffing agencies are faced with a plethora of legal considerations to ensure they stay compliant with employment laws and regulations. Understand and adhere to minimum wage requirements, overtime pay rules, and regulations concerning compensable time, such as breaks and meal periods.

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Ongig

APRIL 17, 2020

There are a ton of great HR/Recruitment blogs. We’ve compiled a list of the top 100 HR blogs by organic traffic they receive via Google and search engines (see Methodology below). Ongig, of course, has its own recruiting blog — you’re reading it right now! Wow, 18 other blogs beat us in traffic!

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HRsoft

MAY 4, 2020

In recent years, many employers have been using modernized approaches to compensation as a way to engage and retain workers. If you’re like many companies, chances are you, too, have implemented some modern-day tactics into your compensation strategy. Modern Compensation: Structured based on company values and strategic objectives.

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Professional Alternatives

MAY 24, 2023

Recruiting in the Candidate-Driven Credit Industry Are you having difficulty finding top personnel in the credit industry? In this blog article, we’ll look at essential recruitment methods and insights for attracting and maintaining top people in the credit business. But don’t worry!

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HRsoft

OCTOBER 19, 2020

The compensation management process lays the foundation for a company culture that recognizes and rewards strong performance. To achieve these goals, compensation management must encompass the following elements. The post 5 Must-Have Elements for Every Compensation Management Process appeared first on HRsoft.

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JazzHR

APRIL 6, 2024

Partner Blog by In today’s competitive business environment, employee loyalty is a key pillar of organizational success. For instance, nonprofit and healthcare sectors demand quick placement of candidates due to the urgent need for staff and the high turnover rates typical in these industries.

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HRsoft

MAY 13, 2019

Today a search for compensation definition will yield results such as “topics in regard to wage and/or salary programs and structures,” or some variation of that phrasing. Yet, compensation meanings have evolved through the ages, and the way we pay and reward today is far different from what it used to be. The Early 20 th Century.

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HRsoft

JANUARY 26, 2020

When your company adjusts is salary ranges, performing a compensation analysis enables you to make sure pay decisions align with both internal and external considerations, such as market trends and company objectives. Performing a full analysis can be complex, but compensation analysis software can help. appeared first on HRsoft.

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HRsoft

MAY 16, 2019

The compensation management process lays the foundation for a company culture that recognizes and rewards strong performance. To achieve these goals, compensation management must encompass the following elements. The post 5 Must-Have Elements for Every Compensation Management Process appeared first on HRsoft.

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HRsoft

APRIL 30, 2019

Indeed.com recently revealed its list of top-rated workplaces for compensation and benefits. Year after year, many of the same employers tend to make the list, leaving professionals to wonder: what is it about their compensation practices that employees are so drawn to? Where a Compensation Solution Comes In.

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ExactHire Recruiting

JULY 18, 2023

In this blog post, we will explore some key strategies that companies can employ to attract employees effectively. Attract Top Talent Through Compensation and Benefits In a competitive job market, offering competitive compensation and benefits is vital to attracting high-quality talent.

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Hiretual

JANUARY 10, 2020

However, the demand for talent differs with each industry and recruiting strategies need to be tailored accordingly. . Let’s break down what Healthcare , Tech , Finance and Staffing industries are looking for in recruitment this year, and how the right recruitment technology can help. . Healthcare. IT & Tech. The problem. .

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4 Corner Resources Staffing Blog

MAY 6, 2021

It also means people who are essentially (but not technically) employed by a business could miss out on the protection of a minimum wage, retirement benefits, overtime, workers compensation eligibility, and more. We are currently compiling a blog post about the new legislation that will replace the withdrawn Independent Contractor rule.

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HRsoft

FEBRUARY 6, 2024

In our third and final blog in our AI in HR technology blog series, we speak with Alex Miklin , Senior Vice President of Industry and Technology Solutions, about the role HR professionals can play in an AI-engaged world and how they can prepare for the future. HRSoft’s careful AI exploration prioritizes security and value.

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HRsoft

MARCH 23, 2020

Answering these questions is important to retaining talent, which is why all organizations should be equipped with a compensation design that balances company goals and industry shifts. A well-developed compensation strategy also helps to support the execution of the business strategy while maintaining competitiveness.

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HRsoft

JUNE 25, 2018

Compensation plays a major role in the retention and attraction of talent in an organization. There are many tactics enterprises can use to ensure they’re paying fairly and competitively, one of the most effective of which is compensation benchmarking. What is Compensation Benchmarking? How Compensation Software Helps.

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HRsoft

JANUARY 25, 2024

AI is not a novel creation, yet it has recently emerged as a burgeoning industry. In this blog series, we speak with Alex Miklin , Senior Vice President of Industry and Technology Solutions, about the synergies between HR and AI. If anything, they have taken on a more complex lens as it relates to compensation.

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