• 23 answers about compensation analytics and the ROI of turnover

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    Mykkah Herner, M.A., CCP, PayScale

    PayScale recently hosted a wildly popular webinar entitled Compensation Analytics: The ROI of Turnover, presented by me, Mykkah Herner. If you missed the webinar, you are welcome to view the slides from the presentation. Since this is a topic of interest to so many of our Compensation Today readers, we're posting my answers to many of the questions received after this webinar here.

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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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  • Manage your conflict and manage your costs

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    Crystal Spraggins, SPHR

    A quick internet search will yield many definitions of “conflict,” and most of them sound something like this one from Merriam-Webster:

    Con-flict  noun.  Strong disagreement between people, groups, etc., that results in often angry argument.

    Hmmm … I’m guessing this is why conflict gets such a bad rap and is avoided by so many business leaders instead of being dealt with head on as a fact of life.

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  • Five Common Misconceptions about Employee Turnover

    Turnover misconceptions

    Jessica Miller-Merrell, blogging4jobs

    All too often, we jump to conclusions when problems arise. One area in which this is certainly true is employee turnover. Whether we’re the ones experiencing it or we’re just part of the conversation about the growing trend, we tend to think we have it figured out. Most people realize that remedying the situation is much different than knowing what’s wrong, but regardless, we see the problem and also think we see the causes. However, employee turnover isn’t always what it seems on the surface

    At the heart of the issue of employee turnover are the needs, perceptions, desires and decisions of actual people – your company’s employees. This makes the issue somewhat complicated and not as simple to pin down as some might think. There are several misconceptions that are perpetuated about employee turnover and we’ll take a look at five of them here.

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  • Budgeting Employee Compensation Like You Would Your Personal Budget

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    Jessica Miller-Merrell, blogging4jobs

    Most people tend to view their personal and corporate budgets in very different ways, even though the basic principles of both are the same. To create a budget, no matter what type of budget it is, you have certain amount of money you need to work within and specific expenses that need to be included. So if the principles of both are so basic and similar, it would only stand to reason that the same budgeting wisdom you use at home could also be adapted to the budget you create at work also.

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  • How to handle salary negotiations without having money in the bank

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    Jessica Miller-Merrell, blogging4jobs

    Like most people, I hate having to say “no.” At this point in my life it’s something I’m well acquainted with (having a daughter will help you get over that) but it’s still not fun to feel like the bubble buster. When someone comes to me looking for a yes and the answer I give isn’t what they want to hear, it sucks. Even still, sometimes “yes” just isn’t an option, such as when the question is “Can I have a raise?” and the reality is there’s no money in the bank, or the budget, to provide one.

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  • CFO Corner: The Q3 PayScale Index shows real wages down while corporate profits are up

    Laleh Hassibi, PayScale

    The Q3 PayScale Index has evolved, now offering more enhanced compensation trend analysis than previously available. Q3 2013 marks the first time The PayScale Index has revealed shifts in ‘real wages’ by analyzing statistics from the Consumer Price Index together with PayScale’s rich compensation data. The Q3 PayScale Index is also the first predictive Index; projecting only modest national wage growth of 0.1 percent in the U.S. for Q4. One more exciting addition to the existing Canadian and US trend analyses is the analysis of UK Compensation trends.

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  • Why Can’t I Find Any Good People?

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    Crystal Spraggins, SPHR

    It’s amazing.

    The Department of Labor reports a current unemployment rate of 7.3% (and some say the percent is really closer to double digits, once you factor in people who’ve simply stopped looking for work), but still employers can be heard all day long talking about how they can’t fill jobs.

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  • Using gamification for employee feedback

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    Jessica Miller-Merrell, blogging4jobs

    Gamification is quickly changing company dynamics in today’s workforce. Gamification is the integration of game mechanics or game dynamics into a website, service, community, campaign, or work.  Employee feedback is one area where gamification can have a big impact. Research shows that happier employees are 12% more productive compared to unhappy employees who are 10% less productive. 

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  • Help prepare your employees for retirement

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    Crystal Spraggins, SPHR

    When the Transamerica Center for Retirement Studies® surveyed a nationally representative sample of unemployed and underemployed individuals, they found that 36% had used retirement monies to pay for basic living expenses. (Read the full report here.)

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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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  • Five good reasons why every organization needs a troublemaker

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    Crystal Spraggins, SPHR

    When is the last time you crafted a job posting that included the phrase “Must be a troublemaker” under “Requirements?” Probably never, right?

    Well, why not? 

    Your organization needs a few troublemakers. Here are five good reasons why.

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  • The rise of social media recruiting

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    Evan Rodd, PayScale

    We hear a lot about the various ways social media blunders can cost you a job, but that doesn’t mean you should keep your Tweets completely private. On the contrary, many organizations rely on social media to help them find qualified job seekers who may not even be away of available positions. As long as your social media presence is thoughtful and well curated, you could actually increase your chances of landing a job.

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  • The skills gap starts in high school

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    Jessica Miller-Merrell, blogging4jobs

    There’s no denying that the skills gap is a growing concern for employers, but there may be some dispute as to when it begins. Common misconceptions could be that the skills gap occurs during the college years, as students aren’t equipped with the necessary experience to enter the workforce qualified to do a job. Some may also think it begins as workers gain more years of experience but fail to maintain their knowledge of current technologies, processes or industry knowledge. However, the skills gap actually begins in high school, far before a worker even declares a major or takes on their first full time job.

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  • 4 tips for negotiating compensation in the workplace

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    Jessica Miller-Merrell, blogging4jobs

    There are some things in life that people avoid like the plague. Talking about money at work is one of them. Working in human resources, it’s part of our jobs everyday but it can still be awkward and uncomfortable. Money is a sensitive topic for many people and it can bring up emotions that aren’t typically expressed elsewhere at work. Additionally, you’ve likely been asked questions that are difficult to answer or that you just don’t know how to handle. However, even with the difficult nuances of compensation negotiation, it doesn’t have to turn into a situation you tell stories about for years to come. Take a look at these five tips for discussing compensation in the workplace:

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  • Using online education to close the skills gap

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    Jessica Miller-Merrell, blogging4jobs

    Nearly every company in every industry has been challenged by a skills gap in their workplace. Whether it’s a significant gap, such as the inability to fill demanding positions, or more minor, such as the need for an employee to become more skilled in creating spreadsheets, the skills gap can be felt nearly anywhere there are employees. Companies use a wide variety of resources to close the skills gap, from external recruiting, to internal training and mentorship programs, but there’s another resource that isn’t often used but is highly valuable: online education.

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  • Stock options won't go the way of the Dodo Bird

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    Dan Walter, Performensation

    An August 27, 2013, there was an article in the Wall Street Journal titled “Last Gasp for Stock Options?” The writer, Emily Chasan, starts the article with this sentence: “Stock options are on the verge of extinction.” Since Emily just came out and said it, I won't bury the lead either.

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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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  • Snackable: Most overpaid players in the NFL

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    Laleh Hassibi, PayScale

    In the Human Resources’ world, we talk quite a bit about getting pay right without overpaying employees. Sometimes a premium paycheck is warranted for a star employee, or an employee with rare skills. In general, the best way to know what to pay an employee is to adjust their pay based both on what’s going on in the market and also how well the employee is performing.

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  • 5 Myths of the Skills Gap

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    Jessica Miller-Merrell, blogging4jobs

    The skills gap is reported as being a top concern for employers, but there may be more there than meets the eye. While nearly half of all employers report having a difficult time hiring employees to fill positions, many don’t discuss the hidden reasons behind the difficulty of hiring. The skills gap is real and it certainly exists, but there tend to be a lot of myths surrounding it. Here, we break some of those myths down and talk about what the skills gap really is and isn’t.

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