Where to Find the Right Compensation Data for Your Company

JazzHR

As your organization looks ahead to the new year, HR leaders may want to optimize compensation strategies. The company has a number of tools and resources for small businesses in the process of building a compensation strategy.

Shift Your Perspective on Compensation

Recruiting Daily Advisor

Knowing what is important enables you to offer creative compensation packages. The post Shift Your Perspective on Compensation appeared first on HR Daily Advisor. Benefits and Compensation Recruiting Compensation health costs retaining employees Retirement benefits

Putting Your Money Where Your Mouth Is: Compensation and Benefits

JazzHR

An attractive compensation and benefits package is one of the best ways to recruit new hires and retain current staff, but being too generous is obviously a strain on the budget. The post Putting Your Money Where Your Mouth Is: Compensation and Benefits appeared first on JazzHR Notes.

How To Talk Compensation Before An Interview

Valuehire

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.

The 2019 PayScale Wage Index

What Makes Compensation Planning Software Unique?

HRsoft

If you’re looking for technology to support your compensation planning process, you may be comparing different types of solutions. Here’s why you should look for a best of breed solution to power compensation management in your organization.

5 Features to Look for in Compensation Analysis Software

HRsoft

If you’re considering compensation analysis software for your organization, you may be shopping around to find the best fit for your needs. There are many factors to consider, including your company’s specific compensation planning processes and its technology budget.

What is the Modern-Day Compensation Definition?

HRsoft

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. Let’s take a brief look at how past pay models have led us to today’s definition of compensation.

Do Your Employees Understand Their Compensation Definition?

HRsoft

The ability to understand your company’s compensation definition, or the way pay is calculated, is important for employee satisfaction. The Modern Compensation Definition. Today, employers are becoming increasingly creative in the ways in which they compensate employees.

6 Noteworthy Benefits of Compensation Planning Software

HRsoft

To keep employees engaged and to reward them appropriately, organizations must use robust compensation programs that go beyond base pay to factor in elements of total rewards. Compensation planning solutions provide a number of key benefits for organizations.

2019 Compensation Best Practices Report

Why Automate Compensation Planning?

HRsoft

Compensation planning is an essential element of any successful business. Making strategic pay decisions can help to support an engaged workforce, as compensation is an important factor in employee satisfaction. The post Why Automate Compensation Planning?

Recruiting High Performers: Compensation Out, Compassion In

ClearCompany Recruiting

They’re still trying to attract high performers with compensation , and this isn’t the way to go about it. Every company wants high performers.

5 Must-Have Elements for Every Compensation Management Process

HRsoft

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.

4 Questions Enterprise Compensation Management Should Answer

HRsoft

Enterprise compensation management (ECM) refers to the ways in which pay policies are administered, organized, and automated in companies. Specifically, ECM should be able to answer the following questions: Does our workforce feel they’re being fairly compensated?

5 Steps to a Smart Compensation Plan

Speaker: Camie Bailey, Software Implementation Manager, PayScale

3 Enterprise Compensation Management Trends to Watch For

HRsoft

Some interesting enterprise compensation management trends are therefore emerging as employers aim to keep up with these changes. It’s therefore no surprise that this is the top factor influencing compensation decisions today.

New Survey: Company Mission & Culture Matter More Than Compensation

Glassdoor for Employers

Performance: The company recognizes performance and rewards results through compensation, recognition and promotion, and it handles underperforming employees tactfully and strategically.

Does Your Compensation Solution Cover Contract Workers?

HRsoft

Compensation solutions use technology and automation to address some of the most complex compensation management challenges. Is your compensation solution equipped to handle pay for your entire workforce – contractors included? How a Compensation Solution Can Help.

3 Outcomes Only the Best Compensation Management Software Can Achieve

HRsoft

To design an effective compensation plan, you must manage a complex set of variables. It’s no wonder the role of compensation and benefits professionals is so complex. The best compensation management tools are built with the ability to interface and align with your existing systems.

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. A study conducted by PayScale revealed that employees’ perceptions of how they are paid are a better predictor of their intent to stay than their actual fair pay to the market.

Does Your Compensation Solution Help You Appeal to Talent?

HRsoft

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?

3 Employee Compensation Changes to Consider Making in Your Company

HRsoft

While factors such as organizational culture and values do play an important part in the modern worker’s decision to stay with a company, employee compensation will always be one of the leading factors on which career decisions are made.

What is Conscious Compensation®?

HRsoft

Conscious Compensation® helps companies move from the traditional, capitalist approach to compensation towards practices that are more socially responsible. For decades, traditional capitalist compensation has been characterized by the following: Base wage or salary.

4 Questions Enterprise Compensation Management Should Answer

HRsoft

Enterprise compensation management (ECM) refers to the ways in which pay policies are administered, organized, and automated in companies. Specifically, ECM should be able to answer the following questions: Does our workforce feel they’re being fairly compensated?

People, HR & Analytics

Speaker: Rodney B. Bolton SPHR, CEO, HR BIZZ

Through analytics you can make better decisions about all aspects of HR strategy, including which candidates to hire, which employees are doing well, who's receiving adequate compensation and how employee retention can be improved.

Compensation Benchmarking Software

HRsoft

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?

5 Simple But Powerful Compensation Management Principles 

HRsoft

Compensation management is inherently complex, but the ways in which we approach it don’t have to be complicated. While you may be familiar with many of the following principles, revisiting them can help reframe your compensation priorities and practices.

What is Your Organization’s Compensation Definition?

HRsoft

A quick search for “compensation definition” tells us that this important aspect of business refers to the “direct and indirect benefits that a worker receives from an employer.” Yet, compensation meanings can be different from one organization to the next.

5 Features to Look for in Compensation Analysis Software

HRsoft

If you’re considering compensation analysis software for your organization, you may be shopping around to find the best fit for your needs. There are many factors to consider, including your company’s specific compensation planning processes and its technology budget.

Why All the AI Research You’re Reading is Dead Wrong

Speaker: Ben Eubanks, SPHR, SHRM-SCP, Principal Analyst at Lighthouse Research & Advisory

Total Compensation Definition: Understanding Compensation Communication

HRsoft

Digging deeper, the survey also found this: 66% of respondents feel that they are not being adequately compensated and do believe that basic pay is something that drives their decision to quit or stay. What is Total Compensation?

The Pillars of an Effective Compensation Management Process

HRsoft

The overarching objective behind your organization’s compensation management process is to pay your employees fairly without exceeding its budget. 3 Pillars Behind Effective Compensation Management Processes.

A Crash Course in Key Compensation Metrics

Namely - Talent

As HR professionals, we may not need to be experts in math and statistics—but most of us need to have an understanding of compensation metrics. After all, understanding the key metrics is a crucial part of managing your organization’s compensation plan. HR HR Metrics Compensation

Are Employee Compensation Statements Worthwhile?

HRsoft

Your employees know how much goes into their account on pay day, but do they really understand all of the ways in which they’re being compensated? Luckily, employee compensation statements can solve this challenge. What Are Total Compensation Statements?

Talent Success Toolkit Lesson 5: Compensation

ClearCompany Recruiting

In 2017, employee salaries are expected to grow by 3% ; with candidate and employee resources like Payscale easily accessible to research competitive compensation rates for specific job roles, addressing com pensation is a vital step to the retention improvement process for employers.

How Compensation Planning Software Prevents Your Company from Losing Money

HRsoft

Compensation planning software delivers a number of benefits for companies that use it. Yet, one of the most noteworthy benefits of all is compensation software’s ability to help you save. How Does Compensation Software Save Your Company Money?

Compensation Consultant job description

Workable

Use this Compensation Consultant job description template to advertise your open roles and hire qualified HR professionals. Compensation Consultant responsibilities include: Developing and administering compensation programs. Ensuring compensation practices adhere to labor legislation. The post Compensation Consultant job description appeared first on Recruiting Resources: How to Recruit and Hire Better.

3 Types of Compensation Packages To Consider and Why

Achievers - Recruiting

Most of us receive a paycheck, so it’s easy to assume compensation packages are pretty black and white. Determining the right compensation package. Generally, when compensation is being negotiated, the employee sees whatever plan the employer has historically applied to that position.

Your Company Needs a Compensation Solution. Now What?

HRsoft

Many HR professionals find themselves facing down complex compensation plans, and are left wrangling error-prone, cumbersome spreadsheets. If this sounds familiar, your organization is likely an ideal candidate for a compensation solution.