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  • Compensation Topics: Q3 2011 Wage Winners

    Energy and Tech Wages Up in Q3 2011

    By Bridget Quigg, PayScale.com

    A glimmer of hope. That is what the Q3 2011 results for The PayScale Index have brought to some industries, towns and workers. With national average wage trends managing to either grow, or at least not drop, for over a year, it’s clear that the economy is very slowly defrosting. Is pay up in your industry or town? Which job skills are best paid? The most recent results for The PayScale Index provide helpful information to HR leaders and business owners.

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  • Canadian Pay Trends

    Welcome, Canada, to The PayScale Index!

    By Bridget Quigg, PayScale.com

    Last week, PayScale released the most recent results for The PayScale Index, covering Q2 of 2011. And, for the first time ever, The PayScale Index included information about Canadian national pay trends. Guess what? Wages in Canada are growing overall, unlike the US where wages are flat, nationally. Canadian employers, you’d better be have a plan to benchmark positions against current data and work to retain your top performers. Your labor market is heating up.

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  • Good Management Skills for Earning More

    HR Knows: Managers Who Set Pay Are Paid More

    See if the following fact surprises you: PayScale data shows the management responsibility that most improves salaries is the responsibility to set pay for employees. Shocked, doubtful or nodding your head and thinking, “I already knew that”?

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  • Current Trends in Total Compensation

    Early 2011 Compensation Trends: Differences by Location

    By Staff Writer

    If you’re looking to describe a single, national trend in US wages, you might run into trouble. These days, trends vary widely from city to city, according to The PayScale Index, with some town's wages growing steadily and others’ continuing to slip downwards. Let’s look at who’s pulling ahead and who is falling behind.

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  • Salary Madness 2011 Predictions

    Salary Madness: PayScale’s Basketball Tournament Predictions

    By Staff Writer

    Is someone in your office setting up a pool to predict the winner of the NCAA Division I Men’s basketball tournament? Maybe you’re rooting for the team with the best record in your favorite conference or are participating just for fun. While it may not make sense, PayScale welcomes you to follow our tradition of choosing the winner by our favorite factor: salary.

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  • HR Quiz: Names, Acronyms and More

    Exam Time: Basic HR Competency Test

    By Staff Writer

    Looking to brush up on your professional terminology or just feel great about how smart you are? We offer you our informal HR quiz where you can see how you fare with some basic and advanced HR terminology.

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  • Myths About Employee Pay Practices

    Not True! 4 Common Myths About Paying Employees

    By Staff Writer

    In HR, as in all professions, there are rules of the road and basic bits of wisdom that most practitioners follow. For human resources professionals, a lot of this wisdom has to do with how people are paid and what motivates them.
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  • Compensation Budget Questions

    Q&A Session – Refining Your Compensation Budgets

    The following is a transcript of questions and answers from PayScale’s webinar, "How to Play a Key Role in Compensation Budgeting." The topics covered include how to make shrinking budgets go farthest towards improving employee performance, ways to encourage performance other than higher wages and how to ensure senior management support. Answers are provided by PayScale’s director of customer service and education, Stacey Carroll, M.B.A., SPHR, Frank A. Cania, SPHR, and Betty Richardson, CCP.

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  • Compensation Analytics with Market Ratios

    Compensation Analytics with Market Ratios Compensation Analytics: Alignment of Incumbents within Pay Grades


    Once you completed some initial compensation analyses, like looking at how your salary ranges compare to the market compensation data and, if applicable, ensuring that your company follows through and creates a history of pay for performance, you can then move on to doing an analysis of how your employees align within their pay grades. This information can highlight unusually high or low base salaries and give you the opportunity to correct them or adjust your ranges.
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  • Create a History of Pay for Performance

    Create a History of Pay for Performance Compensation Analysis: Create a History of Pay for Performance


    In our previous discussions on compensation analytics, we discussed why taking the time to review the effects of your compensation plan is valuable to a company and, also, how to perform an analysis of your salary ranges. In this next post on compensation analytics, let’s consider the company that has made a commitment to paying for performance and see how that company can assess whether it is really doing so. Do you really have a history of pay for performance at your organization?
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  • The Value of Compensation Analytics

    The Value of Compensation Analytics The Value of Compensation Analytics for Top HR Professionals


    Is your compensation program really doing what you want it to? You have to make time to look at the data your compensation practices are producing to find out.

    There are many to-dos when an HR professional or business owner is deciding on compensation at their company. You need to set up formal ranges, put people into the ranges, complete performance reviews and much more. But, an essential area that may not receive enough attention is to step back once all of that nuts and bolts work is completed and say, “How’s it working?” That is compensation analytics and the following post provides advice on how to perform it efficiently and effectively.

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  • Pay and Compensation Data Case Studies

    Compensation Data Case Studies Real-Life Stories: PayScale Fills Compensation Data Gaps

    By Staff Writer

    Are you bumping up against stopping points in your salary benchmarking projects? You’re not alone. Everyday PayScale hears from companies that are looking to fill gaps in their pay and compensation data that traditional compensation surveys are either too costly or are simply not able to fill.

    Below we’ve listed three examples where PayScale was able to help a customer out of a tricky spot. These examples were reported by the PayScale’s director of customer service and education, Stacey Carroll, M.B.A., SPHR.

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  • Compensation Plans for Part-Time Staff

    Compensation Plans for Part Time Staff Employee Retention: Compensation Plans for Part-Time Staff

    Do you find that your part-time staff and hourly workers are harder to motivate and retain? Maybe you could improve your part-time employee retention by changing how you compensate them.

    Employee compensation and pay plans are often the same for part-time staff versus full-time staff. But, there is one difference in compensation planning that can add up quickly: per diem.

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  • Reasons for Company Layoffs: Save Costs without Salary Freezes

    Salaryfreeze Why Salary Freezes and Pay Cuts Don’t Work

    In these tough economic times, many organizations are looking for ways to reduce spending. Inevitably, payroll jumps to the top of the list of costly culprits because it is often one of the largest costs an organization has. But, does shaving down your spending on compensation through across-the-board salary freezes and pay cuts really result in true savings?

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  • Rules for Laying Off Employees

    Layoffs New Rules for Laying Off Employees in a Recession: Consider the Long-Term Costs

    With all of the news about rising unemployment and massive layoffs across the country, it would seem that reducing your workforce is essential to surviving in a down economy. While paying less into employee compensation does drop costs initially, more business leaders are recognizing that a reduction in force comes with some unpleasant, long-term side effects.

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  • Q&A Session - Salary Range and Internal Pay Equity Questions

    Mission Impossible: Managing and Mitigating Internal Pay Issues


    Compensation Questions and Answers from Our Webinar on Managing Salary Ranges and Internal Pay Equity

    The following is a transcript of the question and answer session that followed PayScale’s webinar, Mission Impossible: Managing and Mitigating Internal Pay Issues. The main topic covered in these questions is how to negotiate pay raises and cuts with current employees. Answers are provided by PayScale’s webinar leader and director of customer service and education, Stacey Carroll, M.B.A., SPHR.

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  • Successful Employee Incentive Plans

    Successful-Employee-Incentives Can You Motivate Employees During a Recession with a Successful Employee Incentive Plan?

    By Stuart Jennings

    Bonus plans. Pay-for-performance programs. MBO programs. Commission plans. Stock option and phantom stock programs. Stock appreciation rights.

    Employee incentive plans go by many different names; you’ve undoubtedly seen your share. But, with our economy struggling, how should you approach your employee incentive plans differently to reach your organization’s goals? Or, can an employee incentive plan actually create the results you need?

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