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.

Compensation 59

Compensation Trends Financial Healthcare 59

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.

Compensation 64

Compensation Sourcing Benefits Job Descriptions 64

Recruiting Daily Advisor

JANUARY 23, 2024

In an economic landscape marked by rising inflation, businesses are facing new challenges in managing employee compensation. The delicate balance between maintaining financial stability and ensuring employee satisfaction has never been more critical. This provides employees insight into how their behaviors influence their compensation.

Compensation 69

Compensation Financial Benefits Trends 69

Rally Recruitment Marketing

MARCH 14, 2022

Data from Appcast’s Andrew Flowers, unveiled at his presentation, Economic Conditions Impacting the 2022 Labor Market , at December’s RallyFwd. This has spawned what I’m calling the “Battle of the Benefits”, where many employers are upgrading their benefits packages to make talent choose them over their competitors.

Benefits 221

Benefits Policies Compensation Banking 221

Recruiting Daily Advisor

AUGUST 20, 2021

Recent data from HireVue shows that while 100% of hiring leaders consider DE&I “extremely relevant” or “very relevant,” only 33% rank taking action on it a top priority. Yet financial wellness programs may be one of the most underutilized tools in terms of moving the needle on diversity and inclusion goals. An Unsung Strategy.

Financial 119

Financial Diversity Data Benefits 119

JazzHR

JANUARY 14, 2020

Financial wellness is a struggle that many Americans face. While the unemployment and inflation rate have steadily gone down over the years, the National Financial Capability Study shows that the personal finances of Americans have yet to reflect the state of the economy. Why should financial well-being matter to employers?

Financial 156

Financial JazzHR Survey Compensation 156

Homebase

APRIL 19, 2024

That’s why workers’ compensation insurance—also often called worker’s comp — is mandatory in most states. Understanding worker’s compensation insurance is crucial to protecting both your employees and your business. Get started for free with Homebase What is workers’ compensation insurance? And that peace of mind?

Small Business 52

Small Business Compensation Insurance Insurance 52

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.

Compensation 127

Compensation Benefits Telecommunications Wireless 127

Recruiting Daily Advisor

APRIL 15, 2024

Incorporating affordable family-forming alternatives into employee benefit packages plays a vital role in the pursuit of equity. Health equity encompasses a broad range of background details, including environmental, financial, legal, political, societal and technological factors.

Benefits 111

Benefits Financial Diversity Healthcare 111

Homebase

APRIL 25, 2024

Workers’ compensation for small business employees can feel overly complicated, dauntingly official (see: fines and liability), and pretty darn expensive. Here’s everything you need to know about workers’ compensation. Homebase has partnered with Next Insurance to create Pay-As-You-Go Workers’ Compensation. the basics.

Small Business 52

Small Business Compensation Insurance Insurance 52

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.”

Compensation 98

Compensation Financial Reference Retention 98

Recruiters Lineup

AUGUST 3, 2023

Financial stress is a significant concern for employees, impacting their overall well-being and job performance. In response, many employers have implemented financial wellness programs in the workplace to help employees improve their financial health, thus making informed decisions about their finances.

Financial 76

Financial Software Tools Education 76

Recruiting Daily Advisor

DECEMBER 14, 2022

Benefits and compensation have always been a hot topic in the world of human resources, and they’re continuing to gain heat as we move toward a New Year. One benefit that’s become popular over the last few years is caregiving support. Here’s what she had to say.

Benefits 104

Benefits Financial Meeting Diversity 104

Recruiting Daily Advisor

MAY 19, 2020

This provides an unprecedented opportunity for employers and HR teams to rethink traditional benefits and support ecosystems. It also highlights the importance of managing that transformation using the lens of financial health. Before COVID-19, only 29% of Americans were financially healthy.

Financial 111

Financial Benefits Compensation Retail 111

Indeed

FEBRUARY 27, 2018

The vast majority of people who work need to make a living, making compensation one of the most important aspects of a job. Much more than just a single number, compensation is a package that includes both salary and benefits. So which companies are raising the bar for compensation? Great pay and benefits are relative.

Compensation 102

Compensation Benefits Retail Wireless 102

Recruiting Daily

APRIL 7, 2022

With fairness and equity being the defining issues this year, clear compensation communication is a must. Although employers may come up with impressive compensation plans, they often handle the communication poorly. An employee’s perception of their compensation significantly impacts engagement and performance.

Compensation 86

Compensation How To Training Education 86

Recruiting Daily Advisor

FEBRUARY 22, 2024

One critical aspect of this balance is the growing cost of childcare, which has become a significant financial burden for many families. Businesses offering this benefit experience significantly higher retention rates (7.4 Businesses offering this benefit experience significantly higher retention rates (7.4

Benefits 64

Benefits Policies Retention Talent Acquisition 64

Transformify - Recruiting

MARCH 12, 2024

By understanding this, financial gains for all parties will be all but guaranteed. They are also eligible for benefits such as medical and maternity leave. HR professionals should ensure that payment terms are clearly outlined in contractor agreements to avoid disputes and delays in compensation.

Financial 52

Financial Assessment Training Resources 52

Recruiting Daily Advisor

JULY 16, 2021

The benefits package should be a vital part of an employer’s attraction and retention strategy. Gen Z is a financially motivated generation, having grown up watching their millennial predecessors struggle under the weight of enormous student loans and credit card debt. Talk About Benefits that Matter Most to Gen Z.

Benefits 124

Benefits Financial Healthcare Insurance 124

Recruiting Daily

NOVEMBER 19, 2021

How Integrations Work With Compensation Systems. This is especially true when it comes to things like business technology, HR and compensation. For example, an integration might link several financial systems so that users can take advantage of their tools and data sets all in one place. Benefits of Integration.

Compensation 91

Compensation System Software Social Media 91

Recruiting Daily Advisor

SEPTEMBER 20, 2023

Few employee benefit solutions offer a comparable return on investment as the do from employers and their HR administrators prioritizing mental health support as a benefit. Some elect to pay out of pocket, for their mental health services – foregoing benefits under their employer-sponsored health plan.

Benefits 123

Benefits Survey Financial Insurance 123

ExactHire Recruiting

MARCH 7, 2023

Even if compensation or promotions are offered. Quiet hiring is used to help companies prioritize the most essential functions of the business to ensure operations continue and meet projected financial targets. Monster just released survey data on quiet hiring, and the results were profoundly loud.

Hiring 296

Hiring Compensation Applicant Tracking Systems Survey 296

Zartis

MARCH 12, 2024

Benefits of Software in Healthcare to Medical Experts Diagnostic support : AI-powered devices and complex diagnostic software enable medical practitioners to quickly and accurately identify some diseases. Privacy control : Patients can choose and control who can access their hospital records, which guarantee security and data privacy.

Healthcare 52

Healthcare Software Benefits Financial 52

Hiretual

FEBRUARY 25, 2024

Dan and Jeff chat about topics like the benefits of PEOs for small to medium businesses, the power of active listening as a recruiter, how to craft an effective interview process, and more. The Gift of Data Owning the hiring process and setting realistic expectations from the beginning is huge. 11:11 00:00 / 14:00 1.0X

Data 62

Data Interviews CRM eBook 62

Recruiting Daily

MARCH 18, 2022

With pay surfacing as a significant contributor to attrition , and eventually, business performance, is it time for organizations to have a compensation operations role? What is Compensation Operations? Traditionally, compensation operations were carried out by HR and payroll in the absence of a dedicated operations team. .

Compensation 73

Compensation Strategy Financial Data 73

Hundred5

FEBRUARY 11, 2023

Why companies need a financial controller ? And that someone most likely goes by the title of a financial controller. In this article, we’ll reveal the key steps for successfully hiring a financial controller , talk about how the role differs from a CFO, and more. What is a financial controller?

Financial 52

Financial Hiring How To Assessment 52

ClearCompany Recruiting

MAY 21, 2020

Workforce planning tools use key metrics and data-driven insights to identify the gaps between what an organization can accomplish with the talent they currently have, versus what the organization needs in order to accomplish their goals. Review the compensation and benefits packages you have in place. Assess your talent.

ClearCompany 367

ClearCompany Compensation Data Talent Analytics 367

Recruiting Daily Advisor

MARCH 3, 2022

But are the new financial wellness benefits really helping workers avoid financial hardship? Survey Data Shows High Need for Debt-Related Benefits. The survey asked workers with unsecured debt about 13 different debt-related benefits. Less than 40% of respondents said their employer offers the benefit.

Benefits 98

Benefits Financial Survey Insurance 98

Recruiting Daily

NOVEMBER 16, 2021

There are widely differing opinions and research about the role compensation plays in employee engagement as opposed to non-monetary, intrinsic factors. There’s much truth to that, but we know that, for the majority of workers, appropriate compensation is a significant element. Compensation Transparency. Not exactly.

Compensation 85

Compensation Assessment Construction Advertising 85

Recruiting Daily Advisor

APRIL 23, 2021

As HR Employee Benefits Week comes to a close, we want to take a look back at all the offerings and events that transpired throughout this exciting event! Panel Discussion | Employee Benefits Your Workers Actually Want. HR Works Podcast | Evolving Benefits in an Evolving World. Read the full interview, here.

Benefits 130

Benefits Financial Talent Acquisition Interviews 130

Vervoe

SEPTEMBER 19, 2022

Here are 10 data points that show the current situation, what’s causing it, and what you can do about it. The financial cost of the skills shortage, according to a Korn Ferry study. This echoes “lack of interest” and “non-competitive benefits” as other top reasons, as suggested by the SHRM report. What does the research suggest?

Data 152

Data Compensation Job Boards Employer Branding 152

Workable

AUGUST 28, 2023

These new systems offer increased efficiency and accuracy in payroll processing and a much more integrated approach to staff compensation. Enhanced security features protect sensitive data, while cloud-based access allows for remote payroll management. Offering real-time access to payroll data is much easier now than it used to be.

Retention 118

Retention Trends Banking Financial 118

Recruiting Daily Advisor

APRIL 2, 2020

The 2019 LegalShield Workplace Study was designed to assess awareness, perceptions, and the influence of identity theft protection and group legal plans in the workplace and their impact on employee financial wellness. HR Daily Advisor: You recently did some research about identity theft protection as a benefit in the workplace.

Benefits 108

Benefits Financial Real Estate Study 108

Recruiting Daily

OCTOBER 17, 2023

At the same time, more skilled employees would require higher compensation, so that is a double-edged situation. Compensations and Benefits Will Get Cut Many businesses will face the challenge of attracting talent due to limited financial resources. This may include monthly bonuses, retirement plans, and even insurance.

Trends 91

Trends Strategy Applicant Tracking Systems Compensation 91

Recruiting Daily Advisor

APRIL 18, 2024

Recent developments paint a complex picture, one in which a surge in compensation during the pandemic era appears to be adjusting to new economic realities. A Look at the Data A 2023 report from ZipRecruiter lends credence to this possibility, revealing that 48% of surveyed U.S. companies have reduced pay for certain roles.

Compensation 91

Compensation Advertising Financial Retention 91

ClearCompany Recruiting

JULY 29, 2020

These departments have many overlapping goals and deliverables, such as: Keeping staffing levels and compensation spending controlled to support business growth or consolidation scenarios. Managing learning and development investments and adjusting pay levels to align with compensation philosophy and succession planning.

Hiring 249

Hiring ClearCompany Financial Staffing 249

Recruiting Daily Advisor

NOVEMBER 13, 2019

As an HR manager, you’ve likely spent a lot of time putting together your company’s benefits package. You’ve selected exciting new benefits and made sure you have a good balance of health, wellness, and leave packages. How can you make the most of your benefits package? Source: fizkes / shutterstock. Why is there this disparity?

Benefits 92

Benefits Education Financial Study 92