2022 Hourly Workers Compensation Expectations Report

CareerPlug

Whitepapers & Reports Hiring ResearchCareerPlug is on a mission to help employers hire and develop the right people. As a part of this mission, we conduct original research throughout. Read More.

How To Handle Poor Compensation Communication

Recruiting Daily

With fairness and equity being the defining issues this year, clear compensation communication is a must. Although employers may come up with impressive compensation plans, they often handle the communication poorly. Creating the Perfect Compensation Communication Strategy.

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6 Takeaways from Jobvite’s 2021 Job Seeker Nation Report

Rally Recruitment Marketing

To help find answers, we turned to the Jobvite 2021 Job Seeker Nation report, which reveals just how different the hiring landscape will look post-COVID. . workforce about one year since the onset of the pandemic, to create the 2021 Job Seeker Nation Report.

ESG Reporting 101

Recruiting Daily Advisor

Have you heard of ESG reporting? Compensation fairness. As you can see, there are a lot of potential data points here, making it complex to report on such topics. The European Commission’s Corporate Sustainability Reporting Directive.

The 2019 PayScale Wage Index

No matter your industry, it's crucial that you stay up to date on the current compensation trends. The PayScale Index will let you do just that - it tracks quarterly changes in total cash compensation for full-time, private industry employees in 19 job categories. Get the report today, and start taking advantage of these crucial insights.

Compensation Wins Talent, Recognition Retains It

Achievers

Compensation as a motivator. Companies spend thousands of hours crunching numbers, running reports, assessing cost of living, and determining what salaries are required to win the necessary talent they need for the future.

10 Best Employee Compensation Management Software

Recruiters Lineup

Planning and administering employee compensation requires employers to be keen. With employee compensation management software, you can use administrative dashboards to manage salaries and report on your company’s compensation data.

Why HR Needs a Compensation Operations Role in 2022

Recruiting Daily

With pay surfacing as a significant contributor to attrition , and eventually, business performance, is it time for organizations to have a compensation operations role? What is Compensation Operations? Why Do You Need a Compensation Operations Professional in Your Team in 2022?

Understanding the Gig Economy and Modern Compensation Management

Recruiting Daily

Which brings us to the point about compensation. Does a new way of working call for a rethink around traditional approaches to compensation management? A Modern Compensation Philosophy for the Gig Economy. Compensation will also determine how gig workers choose their gigs.

5 Must-Have Components of a Compensation Management System

HRsoft

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.

2019 Compensation Best Practices Report

Following a record-year of job growth in 2018, employees now have the tools to research and evaluate employers, and feel empowered to make moves if they don't like what they find. Get the latest trends in compensation, and find out how your organization stacks up.

Total Compensation: Times are a Changin’

Recruiting Daily

Five Recommendations for Total Compensation Packages in the Post-COVID Era. Whether your staff has worked from home or had to report to work in person during the pandemic, it’s likely that your needs have changed along with evolving work environments.

Diverse Compensation Plans Are a Win-Win for All

Recruiting Daily Advisor

Despite a recent Gallup poll that found only 55% of Americans reported owning stock, a Rutgers study showed that most Americans report they would prefer to work for a company that gives them a stake in the business. . The Bottom Line on Compensation.

Everything You’ve Heard About Compensation Is Wrong

Recruiting Daily

Salary, healthcare and retirement remain the three cornerstones that hold up any solid compensation package. Compensation Myths. But the not-so-fun myths, like those traditionally believed in the world of compensation, can be detrimental to the health of an organization. .

The Unintended Pitfalls of Company-Wide Compensation Transparency

Recruiting Daily

There are widely differing opinions and research about the role compensation plays in employee engagement as opposed to non-monetary, intrinsic factors. There’s much truth to that, but we know that, for the majority of workers, appropriate compensation is a significant element.

Adapting, Evolving and Staying Competitive in a Disrupted Economy

COVID-19 continues to shape the way we live and work. Organizational success depends on workforce wellbeing, and employee needs are varied and constantly changing. It’s clear that a more flexible and strategic approach to total compensation is required to create a better path forward. The 2021 Q1 Gallagher Better WorksSM Insights Report: The Path Forward explores and how employers can balance workforce expectations against organizational goals. Discover how you can review and implement new technologies, develop updated and forward-looking strategies, and evolve your employee value proposition to create a more engaged and resilient workforce.

Dice Report: Gender’s Role in Tech Pay

Dice

Gender plays no role in compensation for technology professionals. When it comes to bonuses, compensation satisfaction, primary motivators and career concerns, all of which greatly impact overall job satisfaction and career growth, there are clear differences by gender. Compensation satisfaction: Almost 54 percent of men expressed satisfaction with compensation in their current position, while 51 percent of women were satisfied with their salaries.

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Compensation Will Drive Recruiting and Retention in 2020

Recruiting Daily Advisor

In the world of recruiting and retaining top talent, compensation will drive all your efforts this year. That said, if an employer cannot match the salary amount the candidate is seeking, the employer can consider these three things within the umbrella of overall compensation.”.

Cautious expectation: Future of tech compensation in a COVID world

HIRED

As companies create a long-term return to work plan, how will work-from-anywhere affect salaries and companies’ compensation philosophy? Compensation expectations in line with pre-COVID offerings. Compensation Remote Work

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. Establish a Compensation Philosophy.

Tech Talent Ranks the Most Innovative Companies They'd Love to Work for and Why

Hired surveyed more than 4,000 tech workers to find out which companies rank as their most desirable employers and how other organizations can compete for their attention. Download this report to learn what tech talent values most in a potential employer and how to improve your employer brand.

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.

Dice Report: Tech’s Most Difficult-to-Fill Roles

Dice

The message to tech pros with.NET backgrounds: use this challenging market to your advantage and negotiate to get the ideal job that provides work-life balance, inspirational leadership, compensation and exciting challenges. The post Dice Report: Tech’s Most Difficult-to-Fill Roles appeared first on Dice Insights. Employer Resources Industry Insights.NET Dice Report Hiring Java Recruiting SoftwareHiring tech talent isn’t easy.

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How to Approach Employee Compensation During a Furlough

Recruiting Daily Advisor

In other words, they must display hallmarks of continued employment, which may include reimbursing for mixed-use assets, as well as be prepared to compensate employees for any work they do perform while furloughed. Compensating for Work Performed.

Dice Report: Uncovering the Bonus Game

Dice

An extra payout at the end of the year seems to have positive effects, with 60 percent of tech professionals who received a bonus reporting satisfaction with their overall compensation. For tech pros who didn’t receive a bonus, less than half (48 percent) were satisfied with their compensation. The post Dice Report: Uncovering the Bonus Game appeared first on Dice Insights. Working in Tech Bonus Dice Report Salaries

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Shift Your Perspective on Compensation

Recruiting Daily Advisor

Knowing what is important enables you to offer creative compensation packages. A Society for Human Resource Management (SHRM) report found that an organization’s commitment to professional development contributes to job satisfaction. The post Shift Your Perspective on Compensation appeared first on HR Daily Advisor. Benefits and Compensation Recruiting Compensation health costs retaining employees Retirement benefits

Dr. John Sullivan on HR Reporting, Strategy

Dice

In Part 2 (below), he talks about the best HR metrics to report to a CEO, as well as critical actions you can take to support HR metrics reporting: . 7 Strategic HR Metrics to Report to Your CEO. In order to narrow your focus on a few important issues, I generally recommend that you report no more than seven strategic metrics to your CEO. Increase in workforce productivity: The most important of all HR metrics is reporting workforce productivity.

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Did You Miss the 2022 EEO Reporting Deadline?

ApplicantStack

EEO Reporting: You Still Have Time to Report 2021 EEO Data. EEO-1 reporting opened on April 12, 2022 with a deadline of May 17, 2022. BUT, if you haven’t filed, the EEOC will accept reports until June 21, 2022. What is EEO-1 Reporting?

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. Pay can also be leveraged to support your retention and talent acquisition strategy, as compensation can be factored into formulating an attractive employee value proposition. Using spreadsheets to manage compensation can lead to costly errors and inefficiencies.

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. Here, we take a closer look at the practice, along with compensation benchmarking software, an innovative tool designed to help HR professionals. What is Compensation Benchmarking? How Compensation Software Helps.

October Jobs Report: Competition is High

Hireology

million fewer jobs than before the start of the pandemic , we still have a ways to go — but the overwhelmingly positive report has us heading in the right direction. .

How Healthcare Employers Are Handling High Compensation

The Execu|Search Group

What’s even more challenging for employers is that compensation expectations for healthcare professionals has increased very quickly,” explains Steffanie Ngo-Hattchie, a Managing Director at ES Healthcare. According to Doximity’s 2021 Physician Compensation Report, compensation for U.S.

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.

Avoiding Fraud in Workers’ Compensation Administration

Recruiting Daily Advisor

Workers’ compensation helps with this process. Workers’ compensation insurance pays not only for employees’ medical treatment but also typically for at least a portion of their lost wages while they’re on leave.

5 Goals to Remember During the Compensation Management Process

HRsoft

With so many requirements to satisfy throughout the compensation management process, it’s easy to lose sight of the true purpose of compensation. For in-demand talent and top contributors, however, it may be worthwhile to consider how you can incentivize loyalty through compensation.

Should Remote Compensation Be Based On Where Employees Live?

Eightfold

As more employees are allowed or even required to work remotely instead of reporting to the office, many are taking advantage of the opportunity to relocate to areas with lower costs of living. Ethical Considerations of a Location-Based Remote Compensation Strategy.

More Employers Report Being Haunted by ‘Ghosting’ Employees

Recruiting Daily Advisor

Job search platform Indeed recently reported on a survey it conducted of 500 jobseekers and 500 employers across the United States in a variety of industries. The Indeed survey found 77% of jobseekers reported employers had ghosted them since the pandemic took hold during March 2020.

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IRS Again Gives Employers Extension for ACA Reporting to Individuals

Recruiting Daily Advisor

Once again this year, employers and insurers were given an extra month to comply with the upcoming Affordable Care Act (ACA) requirements to furnish 1095-B and -C reports to individuals. Benefits and Compensation HR Management & Compliance Code Sections information IRS penalties

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. 1 Establish a Compensation Strategy. Every company needs a compensation strategy to guide employee pay decisions.

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. How should compensation be defined in your company? How to Define Compensation in Your Organization. Pay for performance is a leading compensation strategy, and for good reason.