HRsoft

OCTOBER 1, 2018

Although they have conducted compensation surveys since the 1970s, Western Management Group (WMG) has never collected gender data in the U.S. In recent years as the gender gap issue gained prominence, CEO Tim Schwarzer instructed survey directors to ask groups if they would be willing to submit gender data.

Compensation 51

Compensation Survey Groups Government 51

HRsoft

SEPTEMBER 27, 2018

For decades, compensation surveys have been the leading source where employers could go to learn about pay dynamics in the marketplace. Yet, until very recently, surveys have not included gender. Now, at least four compensation survey firms are collecting gender data in the U.S., Yet, things are finally changing.

Compensation 45

Compensation Survey Comparison Healthcare 45

Eightfold

MARCH 30, 2021

This has inevitably led organizations to question their pay scales; specifically, whether or not employee compensation should be based on the living expenses in the employees’ physical location. “To You cannot make such a big decision without closely examining the HR implications of a geography-based compensation policy.

Compensation 118

Compensation Policies Talent Acquisition Transportation 118

Recruiting Daily Advisor

MARCH 27, 2024

Photo Credit: SEIU 560 In the past, collegiate sports could distinguish itself from professional leagues because these athletes were student-athletes, not employees, primarily focused on receiving a higher education. Instead, it considered benefits such as equipment, apparel, tickets to the game, lodging, and meals as “compensation.”

Sports 105

Sports Apparel Compensation Policies 105

HRsoft

SEPTEMBER 8, 2016

There are components of total compensation that you know you need to include: salary, medical benefits, PTO, etc. Here, we’ll explore the reasons why including continuing education in your employee benefits statements could prove to be an extremely valuable strategy. Total Compensation Can Give You a Competitive Edge.

Education 40

Education Compensation Strategy Software 40

Recruiting Daily Advisor

JUNE 9, 2020

As far back as 2003, the National Center for Education Statistics found that 9 out of 10 adults lack the skills needed to fully manage their health care and prevent disease. To understand what individuals require to navigate health care in a smarter, more cost-effective way, DirectPath surveyed 1,050 people with employer-sponsored insurance.

Education 76

Education Healthcare Insurance Insurance 76

Recruiting Blogs

OCTOBER 30, 2022

Compensation packages can make or break a business. If retention, productivity, and employee well-being are important to your organization (which they likely are), then your HR team should put an emphasis on compensation management. . This statistic shows the rising importance of good compensation packages to employees. .

Compensation 52

Compensation Resources Insurance Insurance 52

Workable

NOVEMBER 7, 2017

Pay structures define employee compensation for different jobs or groups of jobs. Here’s our guide on why and how to set up a pay structure: Why you need structured employee compensation. Compensation structures create a fairer and more predictable process for determining an individual’s compensation. Arbitrary figures.

Compensation 86

Compensation How To COMPAS Job Descriptions 86

NPA Worldwide

FEBRUARY 20, 2024

Here are some key recruitment trends to keep a close eye on: Sectoral Job Growth Dynamics: In 2023, an astonishing 79% of non-farm job growth was concentrated within a select few sectors: government, education, and health services. The primary driver behind this inclination is attributed to compensation-related factors.

Recruiting Trends 78

Recruiting Trends Trends Compensation Government 78

Recruiting Daily Advisor

MAY 17, 2024

A recent survey revealed that 60 percent of job seekers are looking for remote work opportunities, yet other stats show that less than 10 percent of job postings are offering remote or hybrid options. Provide and Promote Competitive Compensation If you want to have top talent come looking for you, you need to offer competitive compensation.

Strategy 59

Strategy Compensation Insurance Insurance 59

Zengig

MARCH 11, 2024

It can also aid in negotiating the best possible compensation when it comes time to apply for jobs. Weighing the price of your education against your likely future salary can help you make an informed decision. According to the Bureau of Labor Statistics, here are the median weekly earnings by education level in the U.S.:

Agriculture 88

Agriculture Education Compensation Engineering 88

Recruiting Daily Advisor

SEPTEMBER 21, 2022

I deserved the compensation to match my accomplishments. . Stay Educated. One of the main ways to combat this is to ensure employees are educated in both what their market compensation is and what is being offered at their company. Keep in mind that compensation is not limited to just salary.

Compensation 98

Compensation Real Estate Education Nonprofit 98

Recruiting Daily Advisor

MARCH 27, 2024

Photo Credit: SEIU 560 In the past, collegiate sports could distinguish itself from professional leagues because these athletes were student-athletes, not employees, primarily focused on receiving a higher education. Instead, it considered benefits such as equipment, apparel, tickets to the game, lodging, and meals as “compensation.”

Sports 59

Sports Apparel Compensation Policies 59

Recruiting Daily Advisor

NOVEMBER 12, 2019

A Willis Watson Towers Survey found that “6 in 10 millennials say they are willing to sacrifice pay for more secure retirement benefits,” and 59% of Millennials would pay a higher amount for a guaranteed retirement benefit. Knowing what is important enables you to offer creative compensation packages. Continuing education.

Compensation 45

Compensation Benefits Education Exercises 45

Recruiting Daily Advisor

MARCH 20, 2024

According to more than 20,000 physicians and more than 32,000 nurses surveyed for a KLAS Arch Collaborative report , improving staffing and aligning leadership with staff were the number one and number two solutions, respectively, for addressing burnout. In response, many hospitals have stepped up their benefits.

Healthcare 59

Healthcare Industry How To Compensation 59

Recruiting Daily Advisor

DECEMBER 22, 2023

Some surveys find that employees who feel valued are more likely to report better physical and mental health and higher levels of engagement, satisfaction, and motivation. It signals that employers are willing to be open with their staff and promotes an equitable environment in compensation and beyond.

Strategy 105

Strategy ADP Compensation Retention 105

ExactHire Recruiting

APRIL 19, 2023

Recruiting and onboarding represent the biggest budget increase, while employee compensation drives investment increases as well. Recent studies suggest skillsets carry more value to employers today than traditional degrees or certified education. In fact, skills-based hiring has been up more than 60% in the last year.

Onboarding 156

Onboarding Trends Compensation Guidelines 156

Recruiting Daily Advisor

APRIL 30, 2024

According to a recent Bank of America survey, 62% of employees are stressed about their finances and 71% feel the cost of living is outpacing growth in their income. Providing foundational education can go a long way to increase adoption and improve utilization of these tools. Here are four things your employees should understand.

Financial 71

Financial Education Healthcare Banking 71

BountyJobs

DECEMBER 2, 2021

Education/health services, up 55,000. Education, up 10,000. The US manufacturing sector remains in a demand-driven, supply chain-constrained environment, with some indications of slight labor and supplier delivery improvement,” said Timothy Fiore, chair of the ISM’s manufacturing business survey committee. in the past year.

ADP 97

ADP Transportation Compensation Hiring 97

HRsoft

JUNE 21, 2018

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. The post 5 Must-Have Components of a Compensation Management System appeared first on HRsoft.

Compensation 49

Compensation System Retention Software 49

BountyJobs

JANUARY 6, 2022

Per a recent report, 68% of HR leaders surveyed said they “increased the number of employees eligible to get a cash bonus”. Over 50% surveyed expected to “grant average merit increases of more than 5%”. To better support employees, Deloitte is investing more than $1 billion in compensation and benefits. Education, up 10,000.

Transportation 92

Transportation Retail ADP Compensation 92

Recruiting Daily Advisor

NOVEMBER 10, 2022

In a recent survey of nearly 6,000 professionals, Paycor found that company culture is the #1 driver of retention. Start at the top: educate your executive committee. Be prepared to explain your company’s strategic approach to compensation. Educate team members on how to interpret a salary band. It’s the midpoint.

Compensation 105

Compensation Comparison Education Culture 105

HRsoft

JANUARY 6, 2016

Survey after survey has shown that employees usually do not have a clear idea of the benefits (both tangible and intangible) that they receive from their employer. Putting Your Compensation Dollars to Work. Compensation is not just about the money that makes up a workers salary. What is Total Compensation?

Compensation 53

Compensation How To Software Retention 53

Recruiting Daily Advisor

JANUARY 31, 2019

Most job candidates and employees think of compensation primarily in salary terms, but how aware are they of the total cost of the compensation package you’re offering? This amounts to about 29% of an employee’s total compensation package. and higher education costs of benefits have gone up by 14.4%.

Compensation 40

Compensation Insurance Insurance Healthcare 40

Recruiting Daily Advisor

APRIL 25, 2022

Escalating inflation has employers and compensation managers puzzling over their compensation strategies. Similarly, in a survey titled Cost of Living Adjustment Salary Reportby Salary.com that was conducted from late February to early March 2022, 73% of employers have budgeted payroll increases equal to 4% or higher for 2022.

Compensation 98

Compensation Comparison Report Survey 98

Recruiting Daily Advisor

JUNE 9, 2023

Prioritize skills needed for the job, not education and experience requirements alone. Nearly half (48%) of the leaders surveyed in our 2023 hiring trends report said they are adopting a skills-first approach to talent acquisition, forgoing educational and past work experience unless they’re actually relevant to the job at hand.

Hiring 122

Hiring Retention Diversity Education 122

Recruiting Daily Advisor

JULY 16, 2021

In fact, a recent survey indicated that Gen Z’s three most desired benefits are health insurance (32%), remote work (25%), and 401k/retirement benefits (25%). Almost three-quarters (73%) of Gen Z employees will have student loans to pay off, with most owing between $25,000 and $50,000, according to a 2020 Handshake survey of college students.

Benefits 124

Benefits Financial Healthcare Insurance 124

Recruiting Daily Advisor

SEPTEMBER 9, 2022

All employers want to make their compensation and benefits packages sound as attractive as possible to prospective employees. Candidates aren’t just actively searching for employers who offer unlimited PTO; half of those surveyed by Harris say they would even take a pay cut in exchange for the benefit. Alternatives to Unlimited PTO.

Compensation 98

Compensation Benefits Survey Advertising 98

Recruiting Daily Advisor

AUGUST 9, 2023

Here are three ways to improve employee health, connection, cleanliness, and culture: Innovate Employee Communication/Connectivity According to data from a survey commissioned by Canon and conducted by OnePoll*, employees in a variety of industries typically face different communication challenges depending on their personality types.

Survey 98

Survey Culture Compensation Training 98

Viaduct

JANUARY 18, 2024

80 percent of survey respondents said they want to work for a company that values DEI issues. Related: How to Write a Successful Job Posting Close the Pay Gap Startup leaders should prioritize pay equity, which translates to fair, equal compensation for employees who perform the same level of work or hold similar jobs.

Diversity 94

Diversity Culture How To ADP 94

Recruiting Daily Advisor

JUNE 8, 2022

One of the key findings of this report is that nearly three-quarters (74%) “of those surveyed indicated that effective management of external workers is critical to their organization’s success; however, only 30% said their organization is sufficiently prepared to manage a workforce that increasingly relies on these workers.” .

Guidelines 105

Guidelines Compensation Survey Financial 105

Recruiting Daily Advisor

APRIL 21, 2023

Over 80% of managers who raised base compensation for new hires in the past year also adjusted current staff pay. In a survey of 9,000 global workers, 83% said well-being was equally as important to them as salary, and 77% said they would consider leaving a company that fails to prioritize employee well-being.

Compensation 122

Compensation Retention Data Diversity 122

Stack Overflow

FEBRUARY 11, 2020

Due to the extensive data we get from our annual developer survey, we are able to make predictions on developer compensation. We see salaries vary most drastically for: location, education, years of professional coding experience, what kind of coding work developers do, and the technologies they use professionally.

Report 106

Report Compensation Engineering Survey 106

Recruiting Daily

OCTOBER 3, 2022

Compensation websites: Compensation comparison websites and third-party reports provide organizations with information on how talent is compensated based on their skills, experience, education and location. Surveys: When searching for specific information, it helps to conduct a well-designed survey.

Comparison 85

Comparison Talent Acquisition Mobile Diversity 85

BountyJobs

DECEMBER 16, 2021

Budget for compensation is forecasted to increase a bit but not enough to match inflation. In a recent survey 52% of respondents “have offered sign-on bonuses to win candidates over in the past 12 months”. In addition, the survey found that 28% of professionals planning to look for a new job would quit without another one lined up.

Real Estate 98

Real Estate Hiring Hotels Education 98

ExactHire Recruiting

FEBRUARY 28, 2023

Financial rewards such as bonuses are compensation tools appreciated by employees; however, not all companies have the financial resources to provide bonuses to employees so find alternate ways to show appreciation. Solicit employees’ feedback about culture through surveys to start gathering different perspectives.

Culture 156

Culture Financial Survey Groups 156

BountyJobs

FEBRUARY 17, 2022

That climbed to over half for industries such as business services, financial activities, educational services and the information industry. Changes to compensation and benefits also felt a big stir with almost 15% private-sector employers raising base wages. Over 30% (34.5% The industry with the highest wage increase?

Talent Acquisition 86

Talent Acquisition Retail Survey Compensation 86