• Forget Happiness. Wellness Emerges as a Compensation Strategy

    Header_Wellness_MainTess C. Taylor, CPC, PHR, SHRM-CP, PayScale Senior Blogger

    Employee engagement has been a buzzword in the human resource world for a while. It’s just common sense. When employees are happy and engaged at work they tend to be more productive. Much of this has been focused on employee happiness as an indicator of a solid compensation program – the better employees are paid and the more perks they enjoy; the greater their happiness should be, right? Not so much. Our 2016 PayScale Compensation Best Practices Report indicates that 73 percent of employers believe they are paying fairly, but only 36 percent of employees agree. Interestingly enough, some employers are shifting to creating overall physical and financial wellness for employees, and earning a better ROI. What’s this all about?

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  • Lessons from Yelp: How Transparent Pay Practices Motivate Employees

    Header_Yelp_Main Mykkah Herner, MA, CCP, Modern Compensation Evangelist, PayScale

    Along with thousands of other people, I read Talia Jane’s open letter to her CEO with mixed emotions. Long story short, she wrote an in-depth blog, directed to the CEO of Yelp, describing the many ways that the pay for her entry-level job at Eat24/Yelp fell short of allowing her to pay for a car, apartment, and food. One of my colleagues posted a great analysis of the range of responses felt by employees across the generations. Her post got me thinking about the ways that Eat24 could have done a better job engaging Jane before it got to this point, because let’s be real—this point was way too far for her to actually be engaged in the core responsibilities of her job. What are the best steps to take to seek to prevent such dissatisfaction?

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  • Quality Hires Take Front Stage. What’s the Catch? Paying Them Well

    Header_Front_Stage_MainTess C. Taylor, CPC, PHR, SHRM-CP, PayScale Senior Blogger

    You may recall PayScale’s Turnover: The Good, the Bad, and the Ugly whitepaper in which we closely examined the reasons why employees leave otherwise good workplaces, and dispelled some common myths. What matters most to employers is why employees stay, and this comes from certain generational values and desires. For example, our research indicated that for Millennials, flexible working hours supersede starting salaries, but for older workers the chance to put away money in a retirement fund is much more attractive.

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  • The Free Trap: Why Free Data Isn't All It's Cracked Up To Be

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    Kari Van Hoof, CCP, PayScale Compensation Professional

    The internet is a great and wondrous thing, where with just a few key word searches, you can find anything and everything, including pay data. But is typing “software engineer salary” into your search engine and then using the information you find really the best way to figure out what to pay for your jobs? Here are five questions to consider if you’re thinking about using free salary data to make pay decisions.

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  • Be a Unicorn. What Your Compensation Package Says About Your Business

    Header_Unicorns_MainTess C. Taylor, CPC, PHR, SHRM-CP, PayScale Senior Blogger

    It can be impossible for Human Resource pros to see things from an objective standpoint when we are so connected to the people and processes of our organizations. However, it’s critical to take a step back once in a while to view things from the perspective of employees and future hires. Compensation plays a major role here. The 2015 PayScale Compensation Best Practices Report revealed that a quarter of employers, “reported the inability to offer a competitive wage as a barrier to finding good people, which might explain why a whopping 78 percent claim to be only “somewhat” or “not at all” satisfied with their compensation structures.”

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  • Managing Comp during High Growth Phases

    Header_HighGrowth_Main Mykkah Herner, MA, CCP, Modern Compensation Evangelist, PayScale

    When organizations get into high growth phase, everything starts moving faster. Recruiting speeds up. Finding people desks to sit in rapidly becomes an unsolvable puzzle.Making sure every incoming person has a set-up complete with computer becomes a greater challenge.All the moving pieces that are tough to keep up with on a good day suddenly run the risk of falling through the cracks. Compensation is another thing you have to get right as you scale quickly. So how can you make sure you’re getting the comp equivalent of the right set-up as you grow?

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  • It's Time to Pour Your COLA Down the Drain

    Header_COLA2_MainRita Patterson, Onboarding Manager, PayScale

    Cost of living adjustments, or COLA, have been common practice for a while now, however, only 21% percent of employers indicated that cost of living adjustments were their main reason for giving raises in 2015.
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  • Myth Buster: Talking About Pay Could Incite an Employee Riot

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    PayScale


    If you aren’t talking with employees about pay, chances are they are talking to one another—creating their own story of your compensation philosophy. Not a good thing. PayScale surveyed more than 71,000 employees to study the relationship between pay and transparency.
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  • The Dark Side of Total Compensation Communication

    Header_DarkSide_MainTess C. Taylor, PHR, SHRM-CP, PayScale Senior Blogger

    The dark side of communicating total compensation doesn’t exist at all – only the resistance of change within organizations where there is no method of delivering this information. The 2015 PayScale Compensation Best Practices Report indicated that 57 percent of employers don’t give their employees a total rewards statement, which means many employees are clueless when it comes to understanding the total value of the benefits and compensation offered to them. It’s not surprising that employees often have the misconception that they are underpaid, unappreciated, and that the competition has something better to offer—like Luke Skywalker being tempted by his father, Darth Vader, to join the dark force.

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  • Myth Buster: The Truth About the Gender Wage Gap

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    PayScale

    Myth debunked! While a pay gap does exist, it is smaller than most people think. For women and men in identical roles, the pay gap is 2.7%. This myth originates from the fact that when all women’s jobs are compared to all men’s jobs, the pay gap widens to 74 cents on the dollar, aka 26%, but that is because more women work in lower-paying fields. Moral of the story? Forget the pay gap and focus on this jobs gap—bring more women into leadership roles and high-paying fields!

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  • Why Increasing Pay Isn’t Always the Answer

    Header_Talking_Comp_MainSonnet Lauberth, PayScale Compensation Professional

    In my time as a Compensation Professional at PayScale, I’ve helped more than 75 organizations develop a compensation strategy to suit their needs and spoke with hundreds of companies about the challenges they face regarding compensation. Time and time again, the top two challenges I hear are that they don’t have a compensation structure in place and/or they have employees who feel they are underpaid.
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  • It’s 2016. Why is the C-Suite Still Stiletto Siberia?

    header_main_CSuiteJade Makana, Director of Content Marketing, B2B

    Probably, you’ve heard that women make 26% less pay compared to men. What you may not know is that this is largely because men hold the vast majority of high-paying positions (executive and C-Suite), not because women make 26% less than men for the same work. In other words, it’s not just a pay gap, it’s a power gap.
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  • I’ll Be There for You: What “Friends” Taught Us About Salary Negotiations

    Header_Friends_MainJoleen Oerman, B2B Content Marketing Specialist, PayScale

    We’ve ‘been on a break’ from the popular television show Friends for eleven years, but the cast’s high salary and equal pay for equal work demand is relevant today. When our favorite friends walked out of Central Perk and into the network’s offices in 2002, their demand for higher pay for all was as unheard of as moving from New York to Yemen. The demand turned heads in the entertainment industry. The unswayable six, huddled together as they did before every show and played hardball with the network. They were irreplaceable, so their demand was undeniable.

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  • PayScale Tools for Today's Comp Pro! Compensation Glossary: Part 2 of 4

    Header_Comp101_Main Jenni Marquez, CCP, PayScale Compensation Professional

    PayScale’s Comp Glossary returns! Consider the comp pros at PayScale to be an extension of your team! We’ve compiled a list of fundamental compensation terms and why they’re important to know. Think of it as your comp cheat sheet – jargon you need to put you on the fast track to becoming that cool comp kid we know you can be! In Part One, we brought you Comp 101. Today, let’s step it up a bit. But don’t worry, we’re not conjugating verbs quite yet. Today’s lesson: Market Pricing.
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  • What’s the Difference Between Pay Equity and Equitable Pay?

    Jessica Miller-Merrell, blogging4jobs

    Salary is a touchy subject, and it’s something that everyone - from the average employee to the well-known executive to celebrities - is curious about and treading lightly around. For those in the workforce helping to set salaries, keep employees happy and avoid lawsuits, it’s even more confusing and sensitive. Add to the mix the fact that the terms pay equity and equitable pay are thrown around in many different combinations and ways that are sometimes incorrect, often confusing and many times not helpful and you’ve got one big question mark on your hands. Today, we’ll set the record straight on what pay equity and equitable pay mean, how they relate to each other and how they’re different.

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  • HR Video: The Great Salary Transparency Debate

    header_AskCompProVideoSeriesGot comp? Check out the latest video in PayScale’s new series, Ask a Comp Pro! 
    This new educational video series answers all your most burning compensation questions, for newbies and seasoned veterans alike. Today’s topic: Winning the battle for pay transparency in the workplace. Watch now!
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  • How to Negotiate a Compensation Package for a New Hire

    BlogHeader7_29Tess C. Taylor, PHR, SHRM-CP, PayScale Senior Blogger

    Hiring great people starts with offering them a competitive work culture and compensation package. PayScale’s 2015 Compensation Best Practices Report revealed that a top concern for companies is attracting and retaining the best talent. However, the way any human resource manager handles compensation negotiations must be carefully balanced with other factors.

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  • Building Salary Ranges for Beginners, Part 2

    BlogHeader8-5-v2By Jenni Marquez, CCP, PayScale Compensation Professional

    In our never-ending quest to keep human resource and compensation managers informed and educated about compensation best practices, here is our second part in our two-part series on Building Salary Ranges for Beginners. Enjoy!

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  • Building Salary Ranges for Beginners, Part 1

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    By Jenni Marquez, CCP, PayScale Compensation Professional

    “What’s the typical salary range for an administrative assistant?” Talk about a loaded question! Here at PayScale, we work with a lot of companies who are trying to determine typical salary ranges for their jobs. What are the signs that your organization needs a salary range overhaul?

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  • Bonuses Remain the Top Priority for Raising Compensation

    BlogHeader7_27Tess C. Taylor, PHR, SHRM-CP, PayScale Senior Blogger

    Recently, I wrote about the sluggish state of the US economy and its impact on wages for the third quarter of 2015. But, I neglected to mention one thing. While companies may not be raising salaries as progressively as desired, they are turning to other means to increase the compensation for their most-deserving employees by offering bonuses.
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