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Is it time to ban bossy? 5 reasons your HR department is driving everyone crazy What to do when your employee posts nasty things about you on Facebook Snackable Content
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  • CFO Corner: Yahoo Shows the Way On HR Leadership

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    Yahoo CEO Marissa Mayer recently brought in Jacqueline Reses as a new EVP. A veteran of private equity firms, high tech and Goldman Sachs, Reses is as high-powered an executive as you can find. What does Yahoo plan to do with their new rock star? She will focus her energies on leading human resources and talent management.

    Since we happen to be talent management experts, we thought we would share what we think that Reses, as well as leaders at other companies, need to know before taking on the task. PayScale's 2012 Compensation Best Practices report reveals that, for the first time ever, executives’ number one HR concern is retention. With wages climbing and competition for talent increasing, retention is a great place to start.

    Before you rush off and devise efforts to raise your total retention rate, read on to learn about how retention is more complicated than it used to be. Compensation is still the key, but you need to be thoughtful and use the right data in your decisions.

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  • Bring Back the Sizzle!

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  • Calculating Employee Turnover

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    Employee Turnover Rates

    Employee turnover is driven by many factors including inadequate compensation, lack of employee engagement, poor job fit, etc. Whatever the cause, you can easily calculate your company's rate of turnover. This is a critical benchmark that can help you understand your relationship with your competition and with your employees. You should continually monitor this rate so you can make informed choices in the future.

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  • 8 Hot New Jobs

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    In this economy, pricing jobs according to market data is crucial to attracting and retaining talent, and these hot new jobs, identified by PayScale, prove the truth of that. If you were pricing these new and highly specialized jobs according to general economic trends, you would most definitely lose the war on this talent pool. These hot jobs will need to be paid a market premium, over and above the market rate for similar positions in your organization.

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  • Got A Raise Budget Burning A Hole In Your Pocket?

    Raises are Back

    Spend It Wisely

    Raises are back and in a big way. After years of stagnant salary growth, The PayScale Index shows that wages are growing across the economy. If you haven't already started discussing whether or not to offer raises yourself, we're going to make it easy for you.  

    Here are three potential approaches you can take to raises in 2012-13. As you might guess, we think one is definitely better than the others.

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  • Do Your Employees Trust You?

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    Trust Makes the World Go Round

    What's the secret sauce in the recipe for business success? It's trust, according to recent research from Interaction Associates and the Human Captial Institute. The research found that companies with collaborative cultures and trust in management tend to see higher profit growth than those that do not. The bad news for corporate leaders is that they also found that trust is declining across the business world.

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  • What Makes High Tech Employees Smile?

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    When it comes to compensation, it's tough to beat the high tech industry, but the industry doesn't manage their human capital with salary alone. As new research by PayScale reveals, attracting and retaining technology staff takes more than just cutting the biggest check. It requires finding the right mix of pay, benefits, culture and environment that will increase employee satisfaction.

    PayScale’s new Top Tech Employer Comparison report assesses and compares over 20 leading tech firms on employment criteria like comp, benefits, stress levels, work/life balance and employee satisfaction. The report uncovers a number of complex relationships that show the difficulty of achieving workplace satisfaction.

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  • How Fast Are Salaries Growing in Your City?

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    Creating the right compensation plan depends on having current data. One of the key pieces of the compensation puzzle is the rate of wage growth in the local metropolitan area. The most recent release of The PayScale Index shows the rate at which wages grew from Q2 2011 to Q2 2012. The results show considerable variance among the top metros. Read on to learn which are leading and which are lagging.

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  • Stupid Things in Compensation

    By Tripp Ritter, PayScale.com

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    Save Yourself Some Pain and Read On
    Did you miss last week's hugely popular PayScale webinar? The one in which Stacey Carroll, PayScale's Principal Consultant, detailed the big mistakes companies make in compensation decisions? Well don't worry, we've got you covered. Read on for highlights and then, when you are ready to learn, listen in on the recording.

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  • Gen Y on the Job

    by Laleh Hassibi, Sr. Manager Content Marketing, PayScale.com

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    A new snapshot of Gen Y workers by PayScale reveals quite a bit. We’ve all seen the movie Failure to Launch and know someone just like that—the slacker who is still living at home. But are they really slackers? Possibly, they’re just under-recognized achievers. PayScale's recent research shows the latter is much closer to the truth. Gen Y tends to be very ambitious and highly educated. In fact, almost 97% of them have at least an Associates degree. Gen Y individuals with MBAs outnumber those with no higher education. Not only that, they tend to focus on ambitious majors like Neuroscience, Bioengineering, Entrepreneurial Studies, Chinese and Sports Management. Slackers? Not exactly.

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  • CFO Corner: Cloud Comp, Cloud HCM, Cloud, Cloud, Cloud

    By Tim Low, VP of Marketing, PayScale.com

    You can’t swing a dead cat these days without hitting a mention of the cloud.There’s a reason for that. Cloud technologies, applications and vendors are treating HR and business customers to a whirlwind of innovation not seen in, well maybe never.  

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    No animals were harmed in the
    making of this blog post.

    Two recent articles are great ways to start to understand the direction HR technology is heading and the impact the cloud is having on organizations. In a great piece in CFO Magazine, David McCann writes about A Cloudy Revolution for HR Tech Arena. I highly recommend it if you’re interested in starting to understand the state of HR technology and the rapidly-evolving apps that are fast becoming must haves for businesses of all sizes.

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  • Employee Retention: Thinking Beyond Salary

    Compensation is More Than a Paycheck

    By Tripp Ritter, PayScale.com

    Bigstock-Religion-death-and-dolor--f-24592586Employees join and stay with companies for more than just their paycheck. They care about what the company offers in total. It's a combination of factors that make a company the right place for them. Sure, the paycheck is a key part of compensation and it is the one that we talk about the most, but it is not the only element in a compensation strategy. Smart companies come up with a thoughtfully-constructed package of pay and benefits to make sure they have the right mix of employees for business success.

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  • HR Career Advancement: MBA, Certification, or Neither?

    What's the Best Choice? It Depends.

    Should an HR professional seeking to gain a higher salary invest time and money into earning an MBA, a Professional in Human Resources (PHR) or Senior Professional in Human Resources (SPHR) certification, or just working hard on the job? According to new research by PayScale, the answer depends on your job role. For HR specialists, senior HR managers and HR directors, earning either a certification or MBA is usually better than not, but one is often better than the other.

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  • Non-profits: Find Safe Harbor in the Talent Wars

    Be Smart about Compensation With Good Data

    We're the experts in compensation data, so it's no surprise that we field compensation questions from private corporations all day long. What's new is that more and more non-profit organizations are coming to us make sure they find safe harbor in their executive compensation decisions. They look to us because our data and tools can help prevent the imposition of severe tax penalties applied by the IRS to punish executive compensation they deem excessive.

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  • CFO Corner: Retaining Top Performers

    You Can't Hit Your Numbers Without Your Top Performers

    Note: This is the first of a series of posts geared towards CFOs, finance and how HR can work effectively with Finance.

    Retaining talent is one of the most important tasks for C-level executives today. Losing top performing employees can severely weaken a business, and recent research shows that high performing employees are the ones most likely to be seeking work elsewhere. Keeping hold of top talent, as well as keeping them away from your competition, is a matter of avoiding common compensation mistakes and developing an effective compensation strategy.  

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  • 2012 Trends in Pay – U.S. Salary Growth

    Drill Down Deeper

    If you are creating compensation plans in the coming months, make sure you use the right data, advises Katie Bardaro, PayScale's lead economist. Looking at the wider economy, you hear news of sluggish hiring and persistent unemployment. If you just used that information, you could assume that the competition for talent is relatively light. For some companies that may be the case, but to make the best compensation decisions for you company, you need to drill deeper, according to Bardaro. The PayScale Index, which was recently updated, provides detailed data on the U.S. salary growth rate across the entire economy, but also at the metro, industry and job category level. Below are some of the details it reveals.

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  • Employee Promotions. Performance or Relationships?

    Many Employees Are Discouraged

    A recent research study shows employees believe that promotion is more a matter of personal connection than a reward for performance. The study found that 44 percent of respondents believe that relationships drive promotion. Only 39 percent cited performance as the most significant factor for career advancement.

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  • Establishing Pay Grades: An Essential Step for Growing Companies

    How Pay Grades Protect and Serve Your Business

    By Tripp Ritter, PayScale.com

    Once a company reaches about 100 employees or more, they have grown to a size where it may be time to move beyond pricing jobs on an ad-hoc basis. The management of salaries, when each individual job has its own pay range, becomes increasingly challenging. Putting pay grades in place eases the management burden and provides additional benefits, including protection against pay equity claims, defining career paths for employees and protecting the company from overly aggressive hiring practices. We discussed this tricky transition with PayScale Compensation Consultant , Melissa Quade, CCP and below you can read her advice.

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  • What I Saw At SHRM

    Connecting with People and Sharing Our Knowledge

    By Tim Low, VP of Marketing, PayScale.com

    I'd like to share a few observations from a SHRM national first timer (I am a software guy, and have never been to a SHRM conference before).

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  • Best and Worst Jobs for Wage Growth [infographic]

    Transportation and IT Climb Fastest In Q2

    Doing any hiring in the coming weeks or months? Making salary decisions will be easier if you have up to the minute information on the trajectory of wage growth in your industry. As we reported last week in "Wages Are Up...Everywhere," the Q2 2012 results from The PayScale Index, reveal that for the first time since 2009, wages are up in every industry and job category tracked by the Index.

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