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Beyond Compensation: Culture as a Benefit

Recruiting Daily Advisor

Compensation is not the only factor that nurses consider when choosing a health system. CNOs should take a look at their health system’s offerings to make sure they are attractive to new nurses and that they are staying competitive in the industry. The key is to diversify the work and match compensation to it.

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Compensation policy template

Workable

This policy template provides a comprehensive framework for managing employee compensation. It covers all aspects of compensation, including salary ranges, bonuses, benefits, and equity. What is a compensation policy? A compensation policy is a document that outlines an organization’s approach to compensating its employees.

Policies 127
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Co-sourcing Strategic Compensation Management in Health Care: Immediate Solution, Long-Term Benefits

Recruiting Daily Advisor

Compensation leaders support the optimization of labor resources so clinicians, the organization, and its leaders can run at peak performance. In partnership with HR and business leaders, they identify positions to fill, develop precise job descriptions and determine compensation rates to attract top talent.

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4 Compensation Management Trends for 2023

HRsoft

Enterprise organizations have had to navigate all these challenges in recent years – is compensation management adding to your headaches? Compensation management is the process of how an organization pays its employees. This can include both direct and indirect compensation , such as salary, bonuses and benefits.

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Applied AI in Talent

As the Fourth Industrial Revolution unites the digital and physical worlds to offer entirely new ways to gather and use information, it will require a new approach from leadership to build the workforce for the digital age. Implementing a rewards and recognition program that strategically compensates the key tech talent you need.

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Scaling New Heights: Unveiling Wage Growth in the Hospitality Industry

Gecko Recruiting

While the minimum wage may be the starting point for many entry-level positions, employers within the hospitality industry strive to provide competitive compensation packages to retain their talent. Challenges with Wage Growth in the Hospitality Industry The hospitality industry has unique challenges when it comes to wage growth.

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Tips for Developing a Powerful Compensation Philosophy

HRsoft

A compensation philosophy aims to ensure pay is market-competitive and aligned to the business strategy. To support these two factors, there are six components, or goals, of compensation philosophy: Attract top talent from the market. Keep in mind that compensation data may need to be reviewed outside of your specific niche.