New Survey: Company Mission & Culture Matter More Than Compensation

Glassdoor for Employers

While high salaries and unique perks may have once been the keys to attracting top talent, a new survey from Glassdoor shows that a company’s mission and culture matter most to job seekers. Glassdoor’s Mission & Culture Survey 2019 found that over 77% of adults across four countries (the United States, UK, France, Germany) would consider a company’s culture before applying for a job there, and 79% would consider a company’s mission and purpose before applying.

Compensation Packages That Drive Executive Performance

Professional Alternatives

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.

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10 LinkedIn Groups Every Recruiter Should Join

Social Talent

However, one of the features not used enough by recruiters are LinkedIn Groups! Not only can LinkedIn Groups provide large pools of talent, they also provide a place for professionals in the same industry (like recruiters!) There are thousands of LinkedIn Groups dedicated to HR and recruitment so we decided to research the best ones and list our top 10. Topics discussed include employee engagement, HR ROI and improving corporate culture. UK Recruiter Group.

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Why Culture is the Hot New Perk

Dice

While compensation matters, wages alone are generally not sufficient to prevent attrition, according to the ADP Research Institute’s Workforce Vitality Report. Up-and-coming organizations are creating strong, unique cultures that attract and retain tech pros. Here are some of their creative retention strategies and tips for nurturing a magnetic culture: Here’s to Your Health. A strong culture of professional growth endures over time.”.

4 Ways Compensation Affects Employee Performance

JazzHR

It’s no surprise that compensation is very important to employees. Here are four ways compensation affects employee performance: 1. Compensation is directly tied to retention, because everyone is fiercely competing for top performers. Compensation is the top contributor to job satisfaction, according to a report from the Society for Human Resource Management. Non-monetary rewards such as group outings and flexible hours can bolster these efforts.

Consider, Connect, Craft: 3 ways to improve compensation communication

Bersin

By leading the compensation conversation, you can help foster engagement and forge stronger relationships with your people. The days of squelching conversation about compensation are over. Not only are people more open to discussing their own pay, but they also have more ways than ever to compare your organization’s compensation practices to others. Compensation may not be the only reason people work—but few would argue that it is the top reason most of us show up every day.

The New Wave of Compensation Surveys: Addressing the Gender Pay Gap

HRsoft

For decades, compensation surveys have been the leading source where employers could go to learn about pay dynamics in the marketplace. This is likely due to the fact that our business landscape is characterized by a culture of legal risk aversion. Corporate compensation departments have long been told by corporate legal departments that gender data (as well as age and ethnicity data) should not be provided in compensation surveys. Western Management Group.

Workplace Culture Tetris: Hacks to Win in Change Every Time

Recruiting Daily Advisor

Workplace culture—the most over-used BS bingo phrase in the business world today. We’ve become creative in our compensation, giving employees unique recognition gifts, throwing big Christmas parties, and hosting golf tournaments. All of this is fine and appreciated, but let us not give up on the root cause of workplace culture failure: leadership in accountability and understanding. The group that asks lots of questions and chats with anyone who will listen?

HR Famous Podcast: Thoughts on the passing of the Zappos’ CEO Tony Hsieh

Fistful of Talent

Tim is the main shopper of the group and he bought 4 pairs of shoes, 7 pairs of pants, lots of quarter zips, socks, and Christmas gifts for his family. Compensation/Cash Money Culture Employment Branding and Culture The HR Famous Podcast Tony Hsieh

Sourcing from Facebook: 44 Best Facebook Groups to Find Remote Talent

Hundred5

As Hundred5 also works remotely and we’re huge proponents of remote work, we’re put together a list of groups on Facebook where you can source remote talent. Why Facebook groups? On the other hand, groups are a much more efficient way to communicate, as members apply to join and participate, making it more likely to get meaningful engagement. What separates the good from bad groups is the size of the community and the engagement it gets.

7 Elements of a Business that Convey Corporate Culture

Spark Hire

Shaping corporate culture is more than just publishing an employee handbook and requiring people to follow it. If you want a corporate culture that attracts and retains top talent, it takes a concerted effort from everyone at the top and it has to incorporate all elements of a company. Culture is more than just a set of words, it is a business-wide mindset that includes all the values, traditions, attitudes and principles a company demonstrates, particularly these seven: Hiring.

5 Things Job Seekers Really Want in a Company Culture

Spark Hire

To attract the best talent, your company culture needs to stand out. They’re scrambling to provide what they think professionals want, but what do they actually need from a company culture? In the competition to offer the latest and greatest culture and benefits, employers are missing out on the basic qualities job seekers want. To attract candidates, think like a job seeker and align your culture to better address their unmet needs.

Fit Happens: How To Hack Hiring For Culture.

Recruiting Daily

We all understand the inherent importance, and strategic value, of company culture, particularly as relates to recruiting and retention; talking about the inherent importance this amorphous, ambiguous and largely subjective catch-all has become reduced to a tired corporate cliche, and an even more maudlin talent acquisition aphorism. “Culture fit” has become a ubiquitous hiring consideration in today’s world of work. There’s No Accounting for Culture.

Applying Non-HR Tactics to HR to Create a New Culture

Recruiting Daily Advisor

How can we compensate people more by not just focusing on their salary or a reward-based system but also focusing more on their performance? How can we improve our compensation plan? I’m talking about overall compensation—how you motivate people to stay within the organization.

Culture Capture Can Kill Your Company

Right Recruiting

We’ve visited most of those clients and have grown to understand their business models and cultures. Company culture is a common topic. Candidates ask, “does your client have a good culture?” Clients also always want a good cultural fit. These questions are important, and we try to both understand our clients’ cultures and accurately express that culture to potential candidates. Since culture is subjective, it’s a difficult concept to precisely describe.

Brandon Hall Group Research Highlights, June 22-July 5, 2020

Brandon Hall

From Brandon Hall Group’s ongoing research on the impact of COVID-19 on human capital management, this report features data and insights on how organizations are transitioning from lockdown to limited return-to-work initiatives. beqom is a cloud-based total compensation management solution, used by large enterprises to manage end-to-end compensation and performance processes. Brandon Hall Group Featured on Training website. By Claude Werder, Brandon Hall Group.

Brandon Hall Group Research Highlights, July 30-August 2, 2020

Brandon Hall

Most organizations believe diversity and inclusion is a powerful driver of business goals, according to Brandon Hall Group’s latest research. However, the majority don’t leverage the strategies, programs and processes to build an inclusive culture of diverse talent. Brandon Hall Group’s Rachel Cooke hosts Fortune 100 leadership consultant Bonnie St. Ascentis can offer everything from performance management, compensation planning, assessments, etc.,

The Lowdown on Culture Fit

Jeff Waldman - Recruiting

Culture is one of those words that I would throw into the “we overuse this word too many times in the HR/Recruiting world” Everyone talks about culture these days, which by the way, they should be. Every single organization on the face of this planet has a unique culture, whether they know it and/or actively influence it or not. By the way, this post was influenced by Tim Sackett ‘s article titled, “ Maybe We Got This Culture Fit Thing All Wrong!

What is Performance-Based Pay?

HRsoft

Performance-related pay, or pay for performance, is a financial rewards system in which all or some of employees’ monetary compensation is related to how their performance is assessed relative to stated criteria. The success of this type of compensation depends largely on communication.

Achieving Diversity and Culture Fit Possible Through Expert Recruiting

Recruiting Daily Advisor

But sometimes the notion of hiring for culture fit means management looking for employees who look and think like them. It doesn’t have to be that way, though, according to Kristy Nittskoff and Elena Valentine, who recently teamed up to present a webinar titled “ Diversity Recruiting: Key Strategies to Hiring for Culture Fit ” for BLR ® —Business & Legal Resources. She defines those Gen Z employees as the group born after 1997. Create and advertise affinity groups.

Enhance Work Culture with Diversity and Inclusion Initiatives

Recruiting Blogs

When looking at Diversity and Inclusion initiatives, HR professionals should look beyond the numbers and delve deep into their culture and policies. D&I efforts allow employees to have equal space to share their ideas, take on new challenges, have fair compensation and advancement.

The Business Case for Transparency

Recruiting Daily Advisor

Pay transparency builds a cohesive workplace culture, which improves employee loyalty. Among the top five reasons was “ Employee compensation is not fair. ”. A full pay transparency policy makes individual compensations available to all employees.

Not a Whole “Lotto” Thought Went Into That Decision, United

Fistful of Talent

An HBR article highlighted organizations who are making the shift to “agile HR” when it comes to thinking about talent practices, like teams and compensation. Compensation: DigitalOcean redesigned its rewards to ensure equality and promote a culture of collaboration. “To personalize compensation, the firm maps where people are having an impact in their roles and where they need to grow and develop.

Search Solution Group Rapidly Gaining Market Share With the Advent of Focused Divisions

Recruiting Blogs

Search Solution Group Rapidly Gaining Market Share With the Advent of Focused Divisions. Search Solution Group has discovered that specialization is the key to providing clients with exceptional talent solutions at any level of hiring. At Search Solution Group, our divisions consist of specialized personnel: the staffing team only works on contract roles and the executive team works solely on executive searches.

How To Promote Your Company Culture To Attract Top Talent

The Execu|Search Group

Welcome to the second part of our company culture series! To learn how you can further develop or improve your company culture to attract and retain talent, please refer to our first post. In the past, we’ve written extensively about the importance of identifying and hiring candidates who are the best cultural fit for your organization as well as the team they would be joining. This is where your company culture (or lack thereof) comes into play.

How To Promote Your Company Culture To Attract Top Talent

The Execu|Search Group

Welcome to the second part of our company culture series! To learn how you can further develop or improve your company culture to attract and retain talent, please refer to our first post. In the past, we’ve written extensively about the importance of identifying and hiring candidates who are the best cultural fit for your organization as well as the team they would be joining. This is where your company culture (or lack thereof) comes into play.

Global Recruitment Insights: Decoding What International Candidates Want

Employment Metrix

Boston Consulting Group partnered with The Network & their team of 50 leading recruitment websites in over 197 countries to survey over 366,000 workforce respondents. Respondents in Germany said the most important thing regarding compensation was amount of paid time and holiday time off. The first question I ask a future client is “Do you hire Internationally?” The second question I always ask is: “And where are you having trouble finding talent?”.

Diversity and Inclusion in the Workplace: Benefits and Challenges

Achievers - Recruiting

A major issue is that many companies believe they’re already promoting a diverse and inclusive culture. We need to create real belonging in our culture.” Diversity refers to political beliefs, race, culture, sexual orientation, religion, class, and/or gender identity differences.

Get Ready for Gen Z – the Next Wave of Talent

Fistful of Talent

Business leaders tend to bucket these groups together since they’re so technology-driven—and while they do share some similarities—they have just as many differences. Jobvite’s latest survey of workers shows that career growth is the most important factor when looking for a new job, toppling even compensation. In today’s “always-on” culture, both millennials and Gen Z aren’t afraid to answer emails off-hours or stay up late to finish projects. Move over, millennials.

Why Businesses Are Becoming More Employee-Centric in 2020

Glassdoor for Employers

Chief Economist Andrew Chamberlain predicts “a new wave of culture-first thinking among business leaders, elevating employee engagement to the status of core business focus for a growing number of companies.”. High-Purpose Cultures’.

Generational Differences Offer Unique Opportunities for Employers

Recruiting Daily Advisor

The workplace has become a “melting pot” of diverse workers from all different age groups, and though some may fear a disconnect among workers, new research finds this is not the case. Staffing firm Addison Group’s latest report, “ Age Is Just a Number: The Truth Behind Generational Stereotypes at Work ,” looks at the different age groups comprising the workforce and how each generation is different but similar when it comes to compensation, work/life balance, and the work they do.

Why Facebook, Bozzuto Group, and AT&T Have Award Winning Candidate Experiences

Linkedin Talent Blog

At Red Branch, we have four levels incorporated into our hiring process to keep the candidate engaged and informed of our culture, values, and processes. Bozzuto Group makes its interview process completely transparent. For the interviewer, it’s playing 20 questions in their head of what if they ask compensation and benefits questions, how genuine are their answers, are they secretly crazy?

HR Girl Power in 2019

Fistful of Talent

Compensation work to close the gender pay gap. Review of all things culture ( rip down those outdated mission & value statements ). Women in first-year groups with only one other woman only had a 55% chance of sticking around for the next year. But women in the most women-heavy groups, with 6 to 9 other women, had an 83% chance of continuing to the next year.”

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A Guide to Building a Healthy Sales Culture (Including Team Building Activities!)

PowerToFly

If I asked you to describe a typical sales culture, what would you picture? Building a healthy sales culture that encourages collaboration while still rewarding performance can help you create a sustainable sales team that lets its members and your business thrive.

Employee Turnover: A Major Challenge in Today’s Workforce

HRsoft

Identifying the loss of one generation over another could imply your benefits and perks are more appealing to one age group. Few employee benefits appeal to all age groups equally, so be certain your offerings support age diversity while maintaining company culture. To learn more about our Compensation Management Software, COMPview, click the button below!

Building Company Culture: 7 Steps For Every Small Business

Linkedin Talent Blog

And for small businesses, that means that if you want to fill your open roles, you need to set yourself apart -- and you need to have a great company culture to do that. Now, we’ve heard a lot of praise for the company cultures of tech giants like Google and Netflix or retail monoliths like Zappos (just to name a few). Without all the bells and whistles, most small businesses have had to be, for lack of a better term, more “scrappy” in how they build winning company cultures.

The Juggling Act of Salary Planning for 2020

Recruiting Daily Advisor

It’s HR’s favorite time of the compensation cycle when organizations begin thinking about their salary budgets for the coming year. Between compliance with federal/state regulations and ensuring that annual compensation planning processes run smoothly, to say HR has a lot on its plate is an understatement. What steps are you taking to communicate compensation changes (regulatory or standard process) to your employees?

What is Performance-Based Pay?

HRsoft

Performance-related pay, or pay for performance, is a financial rewards system in which all or some of employees’ monetary compensation is related to how their performance is assessed relative to stated criteria. The success of this type of compensation depends largely on communication. Participants must know what you’re rewarding for, what they need to do to be eligible to rewards, and whether rewards are tied to individual, group, or organizational performance.

Benefits Trends for Talent Attraction: Meaningful Work, Health Care, and More

Recruiting Daily Advisor

So basically, workers want a great company culture. The study, published by the Workhuman Analytics & Research Institute, provides insights to help employers improve engagement, recruitment, retention, and performance management, the end goal being to create work cultures that are mutually beneficial to businesses and the people driving them. Top 6 Ways Company Culture Impacts Employee Engagement/Retention.

Health Fairs Are Going Virtual—What Does That Mean for Companies and Employees?

Recruiting Daily Advisor

As employees continue to work remotely, many of the traditional wellness programs companies offered are no longer viable, but supporting employee well-being and maintaining culture are more important than ever.