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Key Considerations for a Pay-for-Performance Compensation Model

ClearCompany Recruiting

This article discussing the pay-for-performance compensation model and the benefits and drawbacks of this strategy was originally published in May 2015. One area that organizations can customize and personalize their strategies is in their compensation model for employees. Jason Lemkin, Managing Director at Storm Ventures.

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5 Compensation Processes You Can (& Should) Automate

HRsoft

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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Retention Hack: Creative Compensation Strategies

Proactive Talent

Consider one of your roles that has been difficult to recruit for and even more difficult to retain; one way to keep that employee engaged is creative compensation packages. What do I mean by that? Likewise, reduce the pay so that the reduction in labor is reflected.

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Employee compensation – what you need to know and why

Workable

Fostering a positive environment that supports team members as people instead of human capital is important, and in many instances, those initiatives are actually part of a compensation strategy, but a generous compensation package is a surefire way to catch the attention of quality candidates and establish loyalty with high-performing employees.

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Rethink Total Rewards for Top Talent During Economic Uncertainty

Explore the impact of inflation and shifting economic conditions on compensation planning for 2023. Download Gallagher’s latest white paper for insights into creating a compensation strategy that is competitive, fair, and equitable to compete in today's talent market.

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Overtime Pay Compliance with the Fair Labor Standards Act | Helix Energy Solutions Group, Inc. v. Hewitt and Highly Compensated Employees

Lever

Hewitt and Highly Compensated Employees appeared first on Lever. In Part 3 of the Employment Law Thought Leadership Series, learn about compliance with the Fair Labor Standards Act and the steps you can take to ensure overtime pay compliance.

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Compensation Trends to Watch in 2023

Recruiting Daily Advisor

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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Don’t Let Inflation Hinder Your Approach to Total Rewards

Volatile economic conditions are pushing leaders to reframe their benefits and compensation strategies. How is your organization coping? The Q3 issue of Gallagher Better Works Insights has the details you need to create a sustainable total rewards program.

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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. Organizational success depends on workforce wellbeing, and employee needs are varied and constantly changing.

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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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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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5 Steps to a Smart Compensation Plan

Speaker: Camie Bailey, Software Implementation Manager, PayScale

Watch this webinar on demand and get key tips on how to develop a fair compensation plan with accurate salary benchmarking. Many forces are coming together to accelerate the pace of change in the workplace. We're now in an employee's market where organizations fight tooth and nail to get top talent.

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Applied AI in Talent

It also means developing diverse rewards philosophies to strategically compensate the talent needed to adapt to and thrive amid all this change. Implementing a rewards and recognition program that strategically compensates the key tech talent you need. Attracting and retaining the right people to fill those jobs.

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Communicating Pay to Employees

Speaker: Rusty Lindquist, VP Strategic HR Insights at Bamboo HR

How you can train your managers to have useful compensation conversations. However, done right, pay talk can be quite motivating. Attend this webinar and learn: Why talking about pay with employees is so important. What typical situations you may encounter when it’s time to talk pay. November 8, 2018 10:00 AM PST, 1:00 PM EST, 5:00 PM GMT.

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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. A strong employer brand can make or break a company's hiring and retention efforts.