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  • Was the Lilly Ledbetter Act Enough?

    Header_LilyLedbedderAct
    Laleh Hassibi, PayScale

    “Our journey is not complete until our wives, our mothers, and
    daughters can earn a living equal to their efforts.”
    -President Obama's Inauguration Speech, 2013

    Today marks the fourth anniversary of President Obama's signing of the Lilly Ledbetter Act. Though it may not have been enough to close the gender gap, other important advances, like data-driven software, have helped the cause tremendously. Let's first take a look back at highlights of the Lilly Ledbetter Fair Pay Act:

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  • 5 for Friday: Reward Zone

    Header_FiveForFriday
    Laleh Hassibi, PayScale

    This week's Five for Friday focus is on employee reward and recognition programs. Below are highlights of the week's articles on the subject. A consistent theme is to reward often, even if it means the rewards are smaller. As long as they are meaningful and timely, you'll fnd success in your rewards program.

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  • The Carrot Principle

    Header_CarrotEffect

    Jessica Miller-Merrell, blogging4jobs 

    The Carrot Principle unwraps one of the most in-depth management studies ever undertaken. Involving nearly 200,000 people over a ten-year period, it showed that the most central characteristic of any successful manager is that they offer frequent and effective recognition to their employees on an ongoing basis. Productivity skyrocketed when managers took a hands-on approach to constructive praise and gave small, yet meaningful, rewards that motivate employees.

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  • 5 Best Employee Benefits & Perks You Should Add in 2013

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    Jessica Miller-Merrell, blogging4jobs

    An estimated 20 million U.S. employees will be changing jobs in 2013. While that’s a 1 million-person decline compared to 2012, it still accounts for a large majority of the U.S. workforce. What is your company planning to do to retain valuable employees? Getting pay right is a big part of the equation, but benefits and perks are important factors too.

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  • Win Top Tier Techies!

    Header_SecureTalent
    Evan Rodd, PayScale.com

    As many businesses gravitate towards a stronger software presence, the demand for tech-savvy employees is growing larger every day. 

    It can be challenging enough to secure customers, especially if software is an imperative aspect of your services. When that software needs some TLC, you want the best and brightest in the business. Top companies like Google and Apple offer the incentives and company culture that many techies gravitate towards. When you are trying to stay afloat in a competitive tech marketplace, what can you do to secure top tier techies?

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  • 4 Ways to Rock Your Employee Benefits & Rewards Program

    Header_EmployeeRewards
    Jessica Miller-Merrell, Blogging4Jobs

    Compensation Outweighs Workplace Perks and Employee Benefits 

    Studies show that while employee rewards programs are popular by employers, they are not as appealing to the employees for which they were created in the first place. Employee perks and healthcare benefits are popular lures among employees, but salary compensation still reigns supreme as the benefit of choice.  Money is (and probably always will be) the number one way to recruit, retain and hire qualified job seekers. But, that doesn’t mean rewards programs should go by the wayside. A comprehensive total rewards package is essential, but half the battle is letting the employees know the rewards are out there. Communication is the key.

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  • The Right Way to Give Pay Raises

    Raise header

    Stacey Carroll, PayScale.com

    Last week, PayScale presented a well-attended webinar entitled, “The Right Way to Give Pay Raises.” This time of year, we hear from many of our customers that they have a raise budget for next year, but need help understanding how to best allocate the funds. The overall budget for pay increases seems to be between three and four percent for most companies this year. At the same time, research suggests that to truly drive behavioral change the reward has to be significant (upwards of seven percent). So, how do you motivate your talented employees to stay and perform at their best with only a four percent raise to give? The best solution is to use a Merit Matrix to differentiate raises based on three factors: market changes, proficiency, and performance.

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  • Arrested Development Planning: How to Stay Ahead in the Talent War

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    Evan Rodd, PayScale.com

    On the popular FOX TV series, “Arrested Development,” Michael Bluth (played by Jason Bateman) is forced to take over his family’s failing construction company, after his CEO father is placed in jail under accusations of treason. The show follows Bluth through a series of hilarious attempts to build a business out of a staff and family that are beyond ill equipped for the challenge.

    Following the Bluth family from one misguided effort to the next leaves one to wonder, what kind of talent management systems are in place in their company? Also, in what world does Portia De Rossi pursue a relationship with David Cross? I suppose that is another story.

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  • What Is Your Worth? How HR Asks for a Raise

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    by Jessica Miller-Merrell, Blogging4Jobs

    Scenario: Your team’s workload has increased and your team has implemented innovative systems. Your department is running like a well-oiled machine with increased productivity despite the occasional (ok – incessant) curveball. You’re putting in the long hours and delivering results. Leadership trusts you. 

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  • Create a Career Path to Retain Employees


    Header_LosingEmployeesby Erin Palmer

    How Creating a Career Development Plan Can Retain Employees

    A recent survey released by the Society for Human Resource Management (SHRM) and CareerJournal.com revealed that HR professionals and managers are gearing up for a mass exodus of employees they feel is inevitable when the job market begins to improve. When asked why they would look elsewhere for work, employees cited three main reasons: over 50% said they were looking for better compensation and benefits, 35% admitted they were dissatisfied with their current career path, and 32% said they needed a new experience with new challenges.

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  • Virtual Workers Reduce Your Labor Expenses. Reward Them Well.

    Header_TelecommutersDeserveRaise

    by Jessica Miller-Merrell, Blogging4Jobs

    Do Work-From-Home Employees Deserve a Raise? 

    Having the option to work from home provides many employees flexibility, empowers them personally and professionally and often increases engagement levels. Successful work-from-home professionals or employees with flexible work schedules must learn to manage the change of lifestyle. They often work off hours, and squeeze more work time into a typical day than at-the-office workmates. Studies show employees would make sacrifices such as taking a cut in pay to gain telecommuting or flexibility.    

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  • How to Address Concerns of Favoritism for Employee of the Month

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    by Lacey Halpern, XeniumHR.com

    How do you reward your employees for a job well done? Do you recognize them in the moment? On a monthly basis? At all?

    As employers have the resources to spend more time, energy, and money on retention, they can look to things such as an Employee of the Month program to publicly recognize top performers within the organization. Employers must take in to consideration that fairness, equality and a well communicated program are vital to the success of an employee of the month program.

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  • Compensation Strategies That Work

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    By Stacey Carroll, PayScale.com 

    This week, I presented a new webinar entitled "Compensation Strategies that Work." If folks were hoping that I had a magic answer for the compensation strategy that works best they were disappointed. The point of the webinar was that the strategy that works best for your organization is the one that your senior leadership team thinks fits your organization's particular business objectives.

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  • Employees Forego Higher Wages in Favor of Flexible Work Schedules

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    by Jessica Miller-Merrell, xceptionalhr.com, blogging4jobs.com

    Eighty-three percent of Americans believe telecommuting’s popularity is on the rise. With the rise of smart phones, tablets and other mobile technologies, working from home has never been easier. And never before have employees been willing to give up certain benefits just to have a home-based job. 

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  • Small Business Wages are Climbing Fast!

    Small companies

    by Laleh Hassibi, PayScale.com

    For the first time since the inception of The PayScale Index, small business wages are growing faster than their medium and large-sized business counterparts. This little but important fact has many sitting up and taking notice. Business Insider published an article about this fact noting that, “historically large companies experienced larger pay increases, however over the last two quarters this has switched.”

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  • Ignorance is bliss, but knowledge is power

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    By Mykkah Herner, MA, CCP, Compensation Consultant at PayScale.com

    Think ignorance is bliss?

    You’ve heard some rumbling here and there, but no one has come out and said anything. That means you don’t have a compensation issue. Right? Well, maybe, but do you really want to chance losing your top performers? We’ve heard this from a number of potential clients: “We don’t have any major problems, so comp strategy is not a priority. We think we may have issues with pay, but not knowing for sure makes us feel better. Ignorance is bliss.” This “do nothing” objection may work out alright for the short term, but in the long term you run a real risk of losing your top performers, having pay inequity issues, and generally being a poor steward of one of the largest resource expenses in your organization - employee compensation.

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  • 500 New PayScale Customers!

    PayScale has 500 New Customers

    PayScale is growing fast! 500 corporations from across the globe made the decision to subscribe to PayScale's SaaS offerings so far in 2012. New customers in Q3 include Clemson University, Heartland Financial, Earthbound Farms, and Swift Transportation. They join many organizations, including, Adecco, Bloomberg BNA, Gulfstream Goodwill Industries, the Tribune Company and Perry Ellis who signed on with PayScale in the first half of the year.

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  • New CEO on the Block: Yahoo’s Marissa Mayer Reveals Plan for Company Turnaround

    Yahoo
    by Evan Rodd, PayScale.com

    As Yahoo’s third CEO this year, Marissa Mayer is wasting no time turning Yahoo into a fast-paced, mobile force to be reckoned with. She has already replaced chief financial officer Tim Morse, who served as interim CEO last year. Morse has stated he was nervous about working with a new CEO, and rightfully so. Did he know his days were numbered?

    Last week, Mayer held an employee meeting to reveal her vision for the new Yahoo. Anonymous employees rushed to dish on their new boss’ plans for company overhaul, though Melissa isn’t sharing any specific details regarding new products or strategies. What Mayer presented was a general vision of the new Yahoo, and it sounds like she has big plans. 

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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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  • 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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