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How to Create Efficient Compensation Strategy for Business?

CuteHR

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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5 Must-Have Components of a Compensation Management System

HRsoft

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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Understanding the Gig Economy and Modern Compensation Management

Recruiting Daily

Which brings us to the point about compensation. Does a new way of working call for a rethink around traditional approaches to compensation management? A Modern Compensation Philosophy for the Gig Economy. A report from the University of Oxford identified some of the key motivations for organizations to hire gig workers.

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Leveraging Compensation: Why Pay Equity Is Key to a High-Performing Workforce

Slayton Search Partners

Despite challenges, fair compensation remains critical to talent attraction and retention. These conversations, while productive, have unearthed new levels of dissatisfaction— Gartner reports only 32% of workers believe they’re receiving fair pay. Compensation is vital to talent attraction and retention today.

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The 2019 PayScale Wage Index

No matter your industry, it's crucial that you stay up to date on the current compensation trends. The PayScale Index will let you do just that - it tracks quarterly changes in total cash compensation for full-time, private industry employees in 19 job categories. Wage growth for Q1 2019 by job categories.

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What is a Good Compensation Package? How to Decode Salary, Benefits, & Perks

Zengig

While the role itself, company culture, and growth opportunities matter, compensation is, for many, the most important of all. So, what exactly is a good compensation package, and why should you care? What is a compensation package? Not all compensation packages are created equally.

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Dollars and Sense: How to Report and Withhold Tax on Tips

Homebase

As tipping options continue to pop up in new places like fast-food restaurants, stadiums, and even retail stores, business owners and managers must figure out how to properly track, report, and withhold taxes for this additional income. Managers have the flexibility to determine how tips are incorporated into their team’s compensation.

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2019 Compensation Best Practices Report

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. With all of this information floating around, how can you keep track of trends in compensation, or find out how your organization stacks up?

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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.

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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. Download this report to learn what tech talent values most in a potential employer and how to improve your employer brand.

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Adapting, Evolving and Staying Competitive in a Disrupted Economy

It’s clear that a more flexible and strategic approach to total compensation is required to create a better path forward. The 2021 Q1 Gallagher Better WorksSM Insights Report: The Path Forward explores how employers can balance workforce expectations against organizational goals.