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. UK Recruiter Group. Linked:HR (#1 Human Resources Group).

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The Key Principles of Compensation

HRsoft

For the majority of organizations, the core principles of compensation involve striking a balance between paying in a way that is externally competitive and internally fair. A company’s rewards philosophy is driven by a few key factors: its employee groups, including generations, locations, and ethnicities; its business segments and sectors; its business growth aspirations; and, its business life cycle. The post The Key Principles of Compensation appeared first on HRsoft.

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3 Tips for Compensation Communication

HRsoft

From paid time off to tuition reimbursement, compensation goes far beyond base pay alone. Communicating compensation is essential to helping them see a complete overview of how they’re rewarded. With compensation management software and the following practical tips, you can enhance your communication around pay and total rewards in your organization. Establish a Compensation Philosophy. A compensation philosophy explains the rationale behind pay decisions.

4 Elements of Effective Compensation Management

HRsoft

Compensation management is the process of developing and administering employee pay. While salary is typically the first thing that comes to mind when we think of compensation, the reality is that total compensation extends far beyond base pay alone. A comprehensive and effective compensation management strategy should also encompass the following key elements. The post 4 Elements of Effective Compensation Management appeared first on HRsoft.

HRsoft and Compensation & HR Group create Compensation Business Partner

HRsoft

Here at HRsoft, we’re committed to finding compensation planning solutions that work for you. Recently, we’ve taken it a step further and created an entirely new solution designed with the midsize employer in mind: Compensation Business Partner. Recently, we paired with Compensation & HR Group (CHRG) to create cloud-based, best-of-breed software to alleviate compensation planning woes for midsize organizations.

How to structure employee compensation

Workable

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. Pay structures (also know as salary structures or compensation structures) help companies offer equitable, competitive salaries and map out employees’ path to growth and higher pay. Competitive compensation packages play an important part in persuading candidates to accept job offers.

Does Your Compensation Solution Cover Contract Workers?

HRsoft

Compensation solutions use technology and automation to address some of the most complex compensation management challenges. And, oftentimes one of those challenges is managing pay plans for different groups of workers. Is your compensation solution equipped to handle pay for your entire workforce – contractors included? On the surface, hiring contractors might seem like it would be simpler for compensation and benefits professionals.

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? Perhaps the better question is, are you using a compensation solution to retain and attract talent in your industry? Where a Compensation Solution Comes In.

Fall River Employee Benefits Acquired by Alera Group

HR Technologist - RB

Compensation & BenefitsFall River Employee Benefits focuses on self-funding, compliance, and HR technology.

Compensation Management Trends to Watch for in 2020

HRsoft

While we are reaching the mid-mark of 2020, let's review how compensation management will play as important a role as ever in attracting and retaining the best talent for your organization. While it’s important to always make compensation decisions that align with your company’s specific needs and strategy, it’s also helpful to analyze the market to understand how your organization pays compared to competitors. Compensation goes far beyond salary alone.

How to Define Total Compensation: A Quick Guide

HRsoft

Total compensation has emerged as a great tool for retention. To define total compensation, it is important to first understand its components. Unlike salary or pay that deals with only the monetary aspect of a position, total compensation takes a more holistic approach. However, total compensation needs to be shared with employees before it can be of any importance to the issue of turnover. Total compensation is the unique value proposition of an organization.

The Key Principles of Compensation

HRsoft

For the majority of organizations, the core principles of compensation involve striking a balance between paying in a way that is externally competitive and internally fair. A company’s rewards philosophy is driven by a few key factors: its employee groups, including generations, locations, and ethnicities; its business segments and sectors; its business growth aspirations; and, its business life cycle. The post The Key Principles of Compensation appeared first on HRsoft.

4 Elements of Effective Compensation Management (Besides Base Pay) Copy

HRsoft

Compensation management is the process of developing and administering employee pay. While salary is typically the first thing that comes to mind when we think of compensation, the reality is that total compensation extends far beyond base pay alone. A comprehensive and effective compensation management strategy should also encompass the following key elements. The post 4 Elements of Effective Compensation Management (Besides Base Pay) Copy appeared first on HRsoft.

Compensation Management Trends to Watch for in 2020

HRsoft

As we look ahead to 2020, compensation management will play as important a role as ever in attracting and retaining the best talent for your organization. While it’s important to always make compensation decisions that align with your company’s specific needs and strategy, it’s also helpful to analyze the market to understand how your organization pays compared to competitors. Thus, the question stands: What lies ahead for compensation in 2020?

Which Compensation Casualties Are on the Horizon?

HRsoft

This shift has prompted HR and compensation teams to adopt a new framework for plan design. To accommodate the changing landscape of compensation, it’s likely we will begin to witness some significant casualties over the next few years. With that said, being mindful of the possible shifts you could face in advance will give you the time needed to prepare and be agile in making any necessary updates to your compensation plan. Possible Compensation Casualties.

New Survey: Company Mission & Culture Matter More Than Compensation

Glassdoor for Employers

Collaboration: When companies exercise this value, their employees are cohesive and productive, within their group and across teams. Performance: The company recognizes performance and rewards results through compensation, recognition and promotion, and it handles underperforming employees tactfully and strategically. The post New Survey: Company Mission & Culture Matter More Than Compensation appeared first on US | Glassdoor for Employers.

4 Elements of Effective Compensation Management (Besides Base Pay)

HRsoft

Compensation management is the process of developing and administering employee pay. While salary is typically the first thing that comes to mind when we think of compensation, the reality is that total compensation extends far beyond base pay alone. A comprehensive and effective compensation management strategy should also encompass the following key elements. The post 4 Elements of Effective Compensation Management (Besides Base Pay) appeared first on HRsoft.

HR Moments Matter: 3 Compensation Challenges Solved With People Analytics

Visier - Talent Acquisition

In this post, Allison McConville, Visier’s VP of Human Resources , will shares how you can use data to support the people moments that matter, enabling the best compensation decisions for both your employees and your organization. . Managing Compensation Costs.

Why so many Companies Are Searching for Compensation Software Vendors

HRsoft

Compensation software features automated tools that transform compensation planning into a strategic, simplified process. While a growing number of organizations have already turned to compensation software vendors to help streamline their compensation planning processes, now even more companies are taking note. Why is it that so many professionals are seeking compensation management solutions? Getting Compensation Right.

L'Occitane Group and Lead Network's Partnership Aims at Supporting the New Parental Leave Policy

HR Technologist - RB

Compensation & BenefitsThe new parental leave policy empowers employees by promoting health and well-being through equal opportunities in the workplace and fairer gender relationship.

TV Sales: A Strong Compensation Profession?

Media Staffing Network

To learn how the 2020 TV Sales Compensation Study was produced, Laurie Kahn , CEO of Media Staffing Network, offered this behind-the-scenes look at how it gathered the eye-catching results. Kahn says, “To develop the TV Sales Compensation Study, Media Staffing Network and RBR+TVBR partnered on a survey to gather information from across the industry to give us a good look at the trends in broadcast television.”. This was Media Staffing Network’s first compensation study in TV. “We

CREAM: The Truth About Compensation Negotiation.

Recruiting Daily

The truth is that most job descriptions – those boring, bullet proof lists – are, in fact, nothing more than compensation documents with a boilerplate bolted on. In the event that a recruiter is allowed to extend an offer at top of range – this almost always only happens because the position is hard enough to fill the other option is going to an agency or because the position’s original compensation requires re-leveling if a standout candidate is somehow uncovered.

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.

WorldatWork and Main Data Group Partner to Offer Members Access to Executive Pay Module

HR Technologist - RB

WorldatWork, the nonprofit professional association in compensation and total rewards, has launched a partnership with Main Data Group. Benefits Administration

How Compensation Software Can Help You Ace Salary Planning & Administration

HRsoft

Thus, every organization should have standard salary planning processes and administration in place to avoid disparities in pay and compensate employees without bias, based on factors like performance. Yet, with factors like market data, performance ratings, and other internal considerations that must be weighed in every pay decision, compensation planning presents complexities and challenges for most organizations.

HRsoft Wins 2017 Brandon Hall Group Silver Excellence in Technology Award

HRsoft

Every year around this time, Brandon Hall Group announces the award winners for its HCM Excellence Awards Program. We’re proud that Compensation Business Partner, our compensation management and consulting solution tailored to businesses with fewer than 1,000 employees, was chosen by Brandon Hall Group because it delivers in all of these categories. The post HRsoft Wins 2017 Brandon Hall Group Silver Excellence in Technology Award appeared first on HRsoft.

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. 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. Now, at least four compensation survey firms are collecting gender data in the U.S., Western Management Group.

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.

How to Define Total Compensation: A Quick Guide

HRsoft

Total compensation has emerged as a great tool for retention. To define total compensation, it is important to first understand its components. Unlike salary or pay that deals with only the monetary aspect of a position, total compensation takes a more holistic approach. However, total compensation needs to be shared with employees before it can be of any importance to the issue of turnover. Total compensation is the unique value proposition of an organization.

Washington policy update: March 2020 Benefits and Compensation Bulletin

Bersin

If the Supreme Court upholds the 5th Circuit’s ruling and determines the individual mandate is not severable from the rest of the ACA, then the employer shared responsibility rules and group health plan mandates would be invalidated as well. Some employers sponsor retirement plans covering only a select group of employees. The post Washington policy update: March 2020 Benefits and Compensation Bulletin appeared first on Capital H Blog.

How To Tailor Benefits For All Your Employee Groups

Glassdoor for Employers

Employers don’t do a good job of giving employees benefits they want,” says Cali Williams Yost, CEO & Founder of Flex+Strategy Group | Work+Life Fit, Inc. The research could mean hosting focus groups, surveying workers and/or having town hall meetings. The post How To Tailor Benefits For All Your Employee Groups appeared first on Glassdoor for Employers. Benefits can differentiate your company and lure top talent your way granted you are giving employees what they want.

Groups 128

Washington policy update: August 2019 Benefits and Compensation Bulletin

Bersin

The advantage of the ICHRA is that employers can use it to subsidize individual health insurance coverage for groups of employees that are not otherwise offered group health coverage. For some employers, especially smaller ones, it may even be a way to offer tax-favored health benefits to all employees without sponsoring a group health plan. The post Washington policy update: August 2019 Benefits and Compensation Bulletin appeared first on Capital H Blog.

Compensation Planning Tips: How to Perform a Salary Survey Analysis to Gauge External Competitiveness

HRsoft

Collecting data from market surveys in a critical step in any compensation planning process, but it’s how you use the data that’s most important. Develop grades or groupings and then establish ranges around pay points. The spread can be as small as 45% or as large as 120% Group similar jobs together based on how they’re paid in the marketplace. HRsoft is the industry leader for compensation planning and total rewards software.

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.

Washington policy update: June 2019 Benefits and Compensation Bulletin

Bersin

Here is a quick roundup of recent legislative and regulatory developments relating to employee benefits and compensation. The post Washington policy update: June 2019 Benefits and Compensation Bulletin appeared first on Capital H Blog. Compensation and Rewards benefits compensation HSA limits regulations retirement plansPosted by Robert Davis , Christine Drager, and Maria Moliterno on June 26, 2019.

Washington policy update: September 2019 Benefits and Compensation Bulletin

Bersin

Here’s a quick roundup of recent legislative and regulatory developments relating to employee benefits and compensation. A statutory hybrid plan is a defined benefit plan under which the accrued benefit (or any part of the accrued benefit) is determined as the balance of a hypothetical account maintained for the participant or as an accumulated percentage of the participant’s final average compensation.

What You Can Expect from Compensation Planning Software: 3 Major Benefits

HRsoft

Compensation planning software is a tool that allows managers and executives to make informed, data-driven decisions that can be integrated seamlessly with your existing process. Specifically, here are the major benefits you can expect to see when you implement a salary planning tool in your organization: Compensation Planning Software that Works in Real Time. An Ability to Align Compensation with Company Goals.

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. 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 webinar is hosted by Brandon Hall Group COO Rachel Cooke. Brandon Hall Group Featured on Training Magazine website.

Washington policy update: October 2019 Benefits and Compensation Bulletin

Bersin

Here’s a quick roundup of recent legislative and regulatory developments relating to employee benefits and compensation. The HIT generally does not apply to self-insured group health plans, although it does apply to self-insured multiple employer welfare arrangements (MEWAs). Even though the HIT does not directly apply to employer group health plans that are fully insured, some or all of the fee likely will be passed through to plans in the form of higher premiums.