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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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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Recruiting Daily

MARCH 24, 2022

At the same time, gig workers are more financially dependent on their gig incomes than others. 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.

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Zengig

SEPTEMBER 22, 2023

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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HRsoft

MAY 25, 2020

While we are reaching the mid-mark of 2020, let's review how compensation management will play as important a role as ever in attracting and retaining the best talent for your organization. Compensation Planning Survey , most organizations plan to keep their merit increase budgets the same through 2020.

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Indeed

MARCH 5, 2019

And in today’s world, compensation is so much more than just a number — it also includes the added benefits offered to you by your company, such as health insurance, wellness, time off, bonuses and more. In short, investing in competitive compensation is an investment in your firm. Here’s what we found.

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Acara Solutions

JANUARY 16, 2024

In this month’s “All-In At Acara” Employee Spotlight, meet Shaniel Wisniewski! When Shaniel joined the team at Acara, she already had over a decade of experience in talent acquisition. I went to school at Penn State University and graduated with a degree in Human Development and Family Studies. Where is the Industry Headed Next?

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HRsoft

MAY 11, 2020

For the majority of organizations, the core principles of compensation involve striking a balance between paying in a way that is externally competitive and internally fair. The plan should answer the question: How do we tie in compensation to help the company through this particular stage? The Business Life Cycles.

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HRsoft

MAY 11, 2020

Compensation management is the process of developing and administering employee pay. While salary is typically the first thing that comes to mind when we think of compensation, the reality is that total compensation extends far beyond base pay alone.

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Recruiting Daily

OCTOBER 24, 2021

Five Recommendations for Total Compensation Packages in the Post-COVID Era. To remain relevant, recruitment marketing strategies and rewarding compensation plans must speak to both the traditional and emerging needs of prospective hires. Here are five recommendations for total compensation packages. Virtual Opportunities.

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Search Solution Group

DECEMBER 15, 2022

The shifting landscape of talent acquisition and retention, coupled with economic strife and uncertainty, has placed Total Rewards at the center of hiring conversations in companies of all sizes. The post Total Rewards: 2023 Compensation and Benefits Trends appeared first on Search Solution Group.

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Contract Recruiter

JULY 19, 2022

Motivating your sales team through a competitive compensation package becomes essential when you want to attract the best talent and close the most sales each quarter. If you’re beginning to structure a sales compensation plan for your sales representatives, you might not quite know where to begin. Sales Compensation Glossary.

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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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Professional Alternatives

APRIL 6, 2021

It’s possible to inspire your executives to deliver excellent results, by ensuring that their compensation packages are properly aligned with the company’s strategy. Tips for Designing Compensation Packages. Private companies often compete for talent with their public rivals who possess equity at their disposal.

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HIRED

JULY 27, 2020

As companies create a long-term return to work plan, how will work-from-anywhere affect salaries and companies’ compensation philosophy? Compensation expectations in line with pre-COVID offerings. The post Cautious expectation: Future of tech compensation in a COVID world appeared first on Hiring Insights.

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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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HRsoft

JANUARY 14, 2020

As we look ahead to 2020, compensation management will play as important a role as ever in attracting and retaining the best talent for your organization. Thus, the question stands: What lies ahead for compensation in 2020? The multigenerational workforce which we’ve seen emerging in recent years is here to stay, at least for 2020.

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HRsoft

APRIL 25, 2019

The ability to understand your company’s compensation definition, or the way pay is calculated, is important for employee satisfaction. Because compensation meanings and calculations can differ in every company, your workforce should have a clear line of sight into how they’re being compensated, and just as importantly, why.

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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

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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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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Achievers - Recruiting

JANUARY 7, 2020

Compensation as a motivator. Does compensation align your employees to your company’s mission and values? After all, companies with recognition programs that are highly effective at improving employee engagement have 31 percent lower voluntary turnover. Maybe he can get a $20,000 raise by moving over to the new gig.

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HRsoft

MAY 7, 2019

To design an effective compensation plan, you must manage a complex set of variables. This is further complicated by the fact that compensation has its own unique set of goals: to retain key employees, attract top talent, encourage strong performance, and maintain a balanced, fair approach to pay. 1 Automated Workflows.

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Media Staffing Network

FEBRUARY 23, 2021

(By Laurie Kahn) Here’s the question – What are small-market stations doing differently to compensate sellers? Especially after the last year, a top employment desire is secure compensation. Radio Ink and Media Staffing Network conduct an annual radio sales compensation study where we ask how sellers are compensated.

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HRsoft

MAY 11, 2020

Compensation statements, also sometimes referred to as employee benefit statements or total reward statements, give employees an in-depth look at how they’re being rewarded. What Do Compensation Statements Contain? These statements provide a broken-out look at the many ways in which the company is investing in its employees.

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Valuehire

MAY 28, 2019

So why is the topic of compensation such a difficult one to address? However, many industry experts agree that compensation should be discussed before you interview. It’s only right you understand what professionals in your field are being compensated at. It goes without saying that boldly asking “How much will I be paid?”

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HRsoft

APRIL 13, 2020

With so many requirements to satisfy throughout the compensation management process, it’s easy to lose sight of the true purpose of compensation. Compensation can be used to motivate, especially in employees who are driven by the prospect of achieving financial rewards for meeting goals. 1 Attract Talent. 2 Motivate Employees.

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HRsoft

APRIL 22, 2019

Enterprise compensation management (ECM) refers to the ways in which pay policies are administered, organized, and automated in companies. Because compensation accounts for a significant portion of overall business costs – up to 70% – it’s important to ensure pay is achieving what it’s intended to do.

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HRsoft

APRIL 1, 2019

Enterprise compensation management (ECM) refers to the ways in which pay policies are administered, organized, and automated in companies. Because compensation accounts for a significant portion of overall business costs – up to 70% – it’s important to ensure pay is achieving what it’s intended to do.

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Workable

SEPTEMBER 15, 2017

Your employee compensation and development policies help you explain how you reward your employees and motivate them to achieve even better results. Download this template in a.doc format by clicking on the link at the bottom of this page. Contents: Compensation status. Performance management. Employee training and development.

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Professional Alternatives

DECEMBER 22, 2023

[link] The Art of Confidentiality: Retained Executive Search at its Finest ‍ Introduction to Retained Executive Search When it comes to finding top-level executive talent, companies are faced with the challenge of identifying individuals who possess the skills, experience, and vision necessary to drive their organizations forward.

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HRsoft

APRIL 15, 2019

With so many requirements to satisfy throughout the compensation management process, it’s easy to lose sight of the true purpose of compensation. Compensation can be used to motivate, especially in employees who are driven by the prospect of achieving financial rewards for meeting goals. 1 Attract Talent. 2 Motivate Employees.

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Linkedin Talent Blog

JANUARY 14, 2021

According to a survey of North American companies by the global advisory firm Willis Towers Watson , six in 10 employers say they intend to pay remote workers the same as in-office employees no matter where they live, while 18% intend to set pay levels by looking first at the market value of an employee’s skills and then factoring in their location.

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