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  • The PayScale Index: minimal wage growth of 0.3 percent forecast for Q3

    Index Q3 2014

    Laleh Hassibi, PayScale

    The Q2 2014 PayScale Index shows inconsistent wage growth across the board, as some industries such as IT and oil and gas experienced solid year-over-year gains, while wage growth in other industries actually declined. The PayScale Index also forecasts national quarterly wage growth in Q3 of 0.3 percent, resulting in sluggish annual wage growth of 1.9 percent. In addition, the PayScale Index shows real wage growth is down almost 8 percent since 2006, a measure that is calculated by analyzing nominal wage growth and the average change in price of a fixed basket of goods and services.

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  • How big data will change human resources

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    Jessica Miller-Merrell, blogging4jobs 

     

    We’ve seen it in so many other industries over the last decade or so. Datafication, or using large amounts of data to report, analyze and predict, has revolutionized the way companies such as Wal-Mart, eBay and Amazon do business and now it’s the Human Resources profession’s turn to hop on the train. Sure, we will use it in different ways, but similar to the way Amazon knows which shoes I’m dying to have in my closet, we will eventually get to the point where we know the type of employee the organization needs, how long they will likely stay with the organization and nearly every step of their progression within the company, without even having to think about it.

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  • What are workforce analytics and why do you need them?

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    Jessica Miller-Merrell, blogging4jobs 

    Your Human Resources department most likely gathers and analyzes workforce data on a daily basis but you may not even realize that’s what you’re doing or how you can make the most of it. If you’re like one of the hundreds of thousands of companies that have upgraded their technology in the last several years, you probably have a wealthy of data about both past and current employees that you could be utilizing for more than just informational purposes. Though it does require some investment to establish criteria and additional databases, most companies have the beginnings of a fruitful workforce analytics system right under their noses.

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  • Big data, big benefits

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    Jessica Miller-Merrell, blogging4jobs

    Analytics are a significant consideration for business areas like marketing, sales and website management, but did you know it has also landed a position of importance in the HR world? Although it may not be the first thing you think of when you consider HR skills, analysis of big data is actually becoming an important function for HR professionals and departments. Working in a profession that is very people oriented can make some people leery of trusting their decision making to numbers, but the fact is, numbers show a black and white picture of what’s successful and what’s not. When coupled with your own experience and instincts, big data can make a big difference.

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  • Finding the story behind the numbers: An interview with Tracey Smith from Numerical Insights

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    Crystal Spraggins, SPHR

    While some might argue that good decision making is as much art as science, there’s no question that good data, analyzed properly and applied strategically, can help organizations make better decisions more often than not. After all, perception has its limits.

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  • Snackable: What pays in Vegas...

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    Tim Low, PayScale

    PayScale is off to Las Vegas next week Monday and Tuesday for the HR Tech event which is a scintillating cauldron's brew of both HR and IT, and we love it. This got us thinking about typical Vegas-y jobs, and how much people with those jobs earn.

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  • Now featuring: MarketWatch and Flight Risk email alerts and more!

    PayScale Product Updates

    Laleh Hassibi, PayScale

    The development team at PayScale is continually hard at work making product improvements and creating new worthwhile features for our customers. The September 26th, 2013 update brings PayScale customers a few enhancements that improve the usability of both Insight and MarketRate products. Here are the updates PayScale customers can look for the next time they log into the product:

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  • Compensation Trends in the Insurance Industry

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    Tim Low, PayScale

    I recently gave a presentation along with a colleague to all the attendees of the HR & Finance Summit of the National Association of Mutual Insurance Companies, NAMIC.

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  • Now featuring: hybrid jobs and market trends reporting

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    Laleh Hassibi, PayScale

    We've been talking about purple squirrels a lot lately at PayScale but what if your organization has a Squirrelcorn – a totally unique job that is the hybrid of two different jobs? How would you price that job? Or what about the situation where some of your jobs are moving faster (or slower) than the general market? Are you able to stay on top of those jobs to ensure you're keeping up with the market and paying employees the right amount? Two new exciting features of PayScale's software can help you with these situations.

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  • Nail compensation with Insight Expert

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    Laleh Hassibi, PayScale

    PayScale is well known in the job seeker world as the place to go to find out what they should be paid. Many businesses also know PayScale for our fresh, detailed compensation dataset and our MarketRate product that gives market-based job reports. But did you know about that we also offer a software product called Insight Expert that can help you manage compensation for your entire workforce?

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  • What the Skills Gap DOESN’T Mean for STEM Jobs

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    Jessica Miller-Merrell, blogging4jobs

    The skills gap is a growing concern for employers across America and there is no better example than in science, technology, engineering and math (STEM) industries. Of more than 4000 companies PayScale surveyed, 67% report having a skills gap in 2013. Its effects are felt by companies that are constantly under pressure to develop advanced technologies, but it’s also felt by companies across every imaginable industry simply filling positions in IT and related departments. In fact, the Bureau of Labor Statistics estimates that there will be 8,654,000 jobs in STEM jobs in just five years, and that’s not even including self-employed professionals. Job creation is certainly a positive thing, but 42 percent of employers believe that employees will enter the workforce unprepared for STEM jobs.

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  • EMA Senior Care is getting smarter about comp with PayScale

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    Laleh Hassibi, PayScale

    EMA Senior Care a long-term care organization with approximately 850 employees. EMA is located exclusively in Maryland, with six locations across the state. PayScale interviewed Jim Donovan, Director of Total Rewards, to discover how PayScale Insight is helping them drive their business objectives.

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  • The Q2 2013 PayScale Index Signals a Continued Slow Recovery

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    Laleh Hassibi, PayScale

    The drop in wages during Q1 2013 was, seemingly, a bump in the road for U.S. businesses as we surmised last quarter. Q2 2013 saw wage growth in most measures. However, wage growth overall has slowed down and annual wage growth, while still positive, is not as explosive as previous quarters. Previously high-performing industries (e.g., Healthcare, Biotech, Oil & Gas Exploration, etc.) floundered at the middle and bottom of the list this quarter.

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  • Are The PHR and SPHR Sugarcoating or Career Sweeteners? A Sneak Peek of New PayScale Research

    Laleh Hassibi, PayScale

    Next week at SHRM 2013, PayScale will release a report showing the impact of human resources certification on annual salaries and career progression. Entitled “The Value of PHR and SPHR Certifications:  Sugar Coating or Career Sweetener?”  This year’s study also compared salaries across positions, industries, geographic location, genders to get the complete picture of the impact of the PHR and SPHR certifications on HR careers. A sneak preview of the report's highlights are above.

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  • The Top 5 Paid Blue Collar Jobs in America

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    Tess C.Taylor, PHR

    Many people are looking for a way out of their white collar careers that are stressing then out or not giving them the satisfaction they expected. A Brookings Institution study released this week indicates that (science, technology, engineering, and math), so called STEM skills, are rapidly increasing in demand by employers. As of 2011, STEM skills account for 20 percent of the workforce, with some 26 million jobs meeting this category–twice as many since the Industrial Revolution.

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  • How to Budget Compensation in a Volatile Economy

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    Laleh Hassibi, PayScale

    At the end of 2012, most businesses were very optimistic about job and economic growth in 2013. The trends from Q4 and early Q1 supported the fact that we were in fact rebounding quite nicely from the recent economic recession. There was a small worry that the impending doom of sequestration would occur, but most business leaders skipped optimistically into 2013 with confidence that Congress would come to an agreement, thereby avoiding indiscriminate, across-the-board spending cuts.

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  • 3 Considerations for Compensating Interns

    Jessica Miller-Merrell, blogging4jobs

    While each of us has probably interned for free at one point in our lives, we also all know how much it sucks. As an intern, you’re not only the low man on the totem pole, you’re probably also working your butt off trying to impress your boss and not getting paid to do it. So what gives with the unpaid internship gig?

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  • Here Comes The Sun: The Return of Optimism in 2013

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    Laleh Hassibi, PayScale

    Today we released the PayScale 2013 Compensation Best Practices Report. The report is a result of our end of year study on the compensation practices of small, medium and large companies. We also asked some questions about the changing world of work, the use of social media at work and for work, as well as some additional questions on the Skills Gap and ObamaCare.

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  • BuzzBee: Mastering the Art of Compensation

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    Evan Rodd, Payscale

    Hopefully you’re familiar with the many different ways PayScale’s compensation solutions can help your company benchmark high-demand jobs, attract desirable candidates, and remain competitive. Utilizing concrete data and analytics, your HR managers are able to define your company’s labor market and benchmark any job against market rates. Many companies have experienced great success with the help of PayScale’s compensation software, but we wanted to take a moment to highlight a particularly inspiring success story: BuzzBee.

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  • Compensation Best Practices Sneak Peak

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    Laleh Hassibi, PayScale

    The results from the Compensation Best Practices Survey are in! Over 4,300 executives and human resources professionals from all sizes of business and all industries completed the survey. The PayScale team is diligently working on the full report right now, but the news is exciting and I wanted to give you a sneak preview of what you can expect to find in the 2013 Best Practices Report:

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