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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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  • 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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  • How to Become a ‘Best Place to Work’

    Jessica Miller-Merrell, blogging4jobs

    If you're looking to become a ‘Best Place to Work,’ you've got some tough competition. Most companies will find it difficult to compete with Google's seven-acre sports complex, complete with horseshoe pits and roller hockey rink or The Boston Consulting Group's optional six-month delayed start for new consultants who would like to have $10,000 and time to do some non-profit work. Even still, your business can achieve the prestigious status by making a splash with some changes that are proportional to your business. We can't all be Google, but we can all be great.  

    Involve Management and Executives 

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  • Creating Pay Transparency in the Workplace

    Compensation transparencyJessica Miller-Merrell, blogging4jobs

    When you hear the phrase “transparency in the workplace” what comes to mind? Does the infamous Open Door Policy come to mind? Or do you cringe at the idea of being more transparent? Transparency is one of those buzz words that are thrown around quite a bit in corporate America, but how many actually practice it? According to the Bureau of Labor Statistics the median number of years that wage and salary workers stay with an employer is 4.6. This number is up from a January 2010 statistics at 4.4 years. Being transparent in can make employees feel more satisfied and want to stay with you longer. 

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  • Skills gap: a growing concern for employers

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    Jessica Miller-Merrell, blogging4jobs

    Last year, companies spent 12 percent more on training employees than in recent years. This can certainly be taken as a good sign, showing that companies are investing in their workforce and that the improving economy is allowing them the funds to do so, but it also speaks to the growing concern of the skills gap in America.

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  • How to reduce turnover by building relationships

    Reduce Turnover

    Jessica Miller-Merrell, blogging4jobs

    Employee retention is on the forefront of most HR managers’ minds. Though turnover remains relatively consistent throughout the years, the uptick in the economy has brought with it an increase in employee turnover as there are more options for employment. In fact, a recent study of more than 4,000 companies found that 59 percent of employers list retention as their top concern in 2013.

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  • Measuring Compensation Against the Market

    employee retentionJessica Miller-Merrill, blogging4jobs

    Compensation is the single-largest expense for the majority of companies. It helps your company recruit and retain talented personnel and therefore can be seen as an investment in your company’s success. As with any investment, a plan for how much you’re going to invest, along with when and where you’re going to invest, is essential. As a financial planner once told me, If you’re thinking about your investments individually and not as part of a bigger plan, you may as well be throwing darts at a wall of balloons and hoping you hit one that holds the jackpot.

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  • How Does Your Compensation Model Fit into Maslow’s Hierarchy of Needs?

    Maslow heirarchy of needs

    Jessica Miller-Merrell, blogging4jobs

    It can be easy to get caught up in the benefits rat race. You know, keeping up with the Joneses, or in this case, the Joneses, Inc. You probably spend a fair amount of time thinking about what’s in your benefits package, how it measures up against your competitor’s, how to market it to potential employees and more.

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  • Michelle Obama Says to Hire a U.S. Veteran

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    Laleh Hassibi, PayScale

    U.S. First Lady Michelle Obama urged companies to hire more veterans last week. The unemployment rate of those who served in Iraq and Afghanistan is nearly two points higher than the national average, at 9.4 percent. While it’s admirable to hire veterans for emotional reasons, there’s another really good reason to hire a veteran — their skills.

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  • Benefit Considerations for an Aging Workforce

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    Jessica Miller-Merrell, blogging4jobs

    An aging workforce can have an affect on many aspects of your business but your benefits package may be the most significant. Older employees have unique needs and preferences, which means that there may be special considerations as our workforce ages.

    Since the average age of retirement has increased by four years in the last decade and is expected to continue to rise, it’s time to start making room for a seasoned workforce as we make benefit decisions. Read below to learn about three major considerations.

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  • Offering Guidance to Federal Contractors, Post Rescission

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    Mykkah Herner, MA, CCP, Compensation Consultant PayScale

    Stephanie R Thomas ends her blog post, “Gone With The Wind (Your Guidance, That Is),” with a challenge: “How will you prepare?” She aptly points out that the rescission of the “Compensation Standards” and “Voluntary Guidelines” by the Office of Federal Contract Compliance Programs (OFCCP) leaves federal contractors with less guidance about how to comply with non-discrimination requirements outlined in Title VII. I’d like to take a moment to offer some suggestions.

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  • Is Yahoo's Decision a Sign That Remote Workers Are Becoming Extinct?

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    Amy Knapp

    In a recently leaked memo, Yahoo exec Jackie Reses called all of the company’s remote employees back to the office effective June of this year, a controversial move for which Yahoo CEO Marissa Mayer has already taken a heavy dose of flack from Bloomberg, the New York Times, Forbes, even Richard Branson.

    Wasn’t telecommuting supposed to be the future? Insurance company Aetna reported saving $78 million in real estate cost since it began encouraging employees to work from home and providing the tools to do so. 37signals founders Jason Fried and David Heinemeier-Hansson wrote a hit book about their success with telecommuters. What’s changed?

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  • Think Outside the Benefits Box to Wow Your Workforce

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    Jessica Miller-Merrell, blogging4jobs

    Medical, dental and vision insurance, retirement contributions, paid vacation and sick leave—it all adds up to a decent benefits package, but it’s what every other employer offers. So when a company wants to stand out, what do they do? Well, some offer scooters for employees to ride through the halls on, some make flag football an item on meeting agendas and some even offer Botox injections at work. While these benefits may seem over the top, they work.  

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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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  • The Performance Review. Formal or Informal?

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    Jessica Miller-Merrell, blogging4jobs

    A performance evaluation is an opportunity for a manager and an employee to meet and discuss the employee's job performance, organizational priorities, and performance goals. For employees this process can be something they dread or look forward to. Despite being a star employee there might be things that they can still improve on but receiving that type of feedback can feel like being put in front of a firing squad. As new generations continue to enter the workforce the way they receive feedback varies. Formal processes can seem daunting, where an informal review might put them at ease.

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  • Should You Offer E-Learning or Classroom Opportunities to Employees?

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    Jessica Miller-Merrell, blogging4jobs

    A key component in the mix of employee retention strategies is to offer employees career development opportunities. As the war for talent heats up in 2013, retention has become a primary concern for many employers. But what kind of education do employees want and how do you give them a valuable opportunity in a cost-effective manner?

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  • 5 for Friday: Reward Zone

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    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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  • Advance Your HR Career and Get a Chance to Win an Extra Paycheck!

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    We spend a lot of time in the Compensation Today blog talking about attracting, motivating, rewarding and retaining employees, but what about your own career? Have you thought about what you'd like to change to keep yourself on track with your career goals? Maybe you want to earn more money or finally earn that promotion. Maybe it's time to begin working on an advanced certification, like a PHR or SPHR. Have you often thought about getting an MBA in Human Resources? Or, perhaps, you might be ready to switch careers and start over in a new field. Big career goals like that can be daunting—where do you begin? It's simpler than you think. Start with three words: Make It Happen.

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  • The Carrot Principle

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    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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