Compensation_Today_2014_hero

WHAT'S HOT?

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
snackable_content_minimumwage
  • Pay for performance fail? Microsoft finally dumps forced stack rank

    snackable_header_PfPFailhttp://www.bonkersworld.net/images/2011.06.27_organizational_charts.png

    Tim Low, PayScale

    Much has been written, and much more will be, about Microsoft’s decision this week to eliminate their previous performance review process. Up until now, Microsoft relied on a forced stack rank where managers were required to grade employees on a bell curve, and thus also requiring ranking some employees at the low end of the curve.

  •  
  • November 2013 software release – new Total Compensation Statement

    header_Fall2013Release

    Laleh Hassibi, PayScale

    PayScale’s November software release not only improves user experience and accuracy in entering labor market data, but also offers new ways to improve employee communication about Total Rewards. To follow, are a few of the highlights.

  •  
  • 5 Factors that Determine a "Fair" Raise in 2014

    header_FairPay

    Jessica Miller-Merrell, blogging4jobs

    As 2014 quickly approaches, your employees likely have dreams of holiday breaks, the occasional (but elusive) inclement weather day and news of a pay raise. Depending on your organization, you may offer annual raises in January or employees may receive them at their annual performance reviews. Either way, a new year is a sign of new things to come and raises will likely be at the forefront of your employees’ minds.

  •  
  • 6 tips for doing a performance improvement plan right

    header_PerformanceImprovement

    Crystal Spraggins, SPHR

    There’s a common perception that once an employee is placed on a performance improvement plan (PIP), it’s the beginning of the end for that individual. And that’s largely true.

  •  
  • Communicating total compensation to employees in a meaningful way

    header_TotalCompensation

    Each year, one way that organizations communicate to employees how much they value them is through total compensation statements. Most often distributed after the chaos of the annual open enrollment process, total compensation statements provide a tangible, written document for the benefit of employees. From health, life and supplemental benefits to performance bonuses and all the other unique perks of working for a company, the total compensation statement supplies employees with a full overview of the benefits that a company provides – in the hopes that this will be meaningful to them as they head into the next year of employment.

  •  
  • Does the salary question belong in a first interview?

    header_SalaryQuestionsInInterview

    Nearly all candidates look forward to the day when they will have a chance to speak face-to-face with a hiring manager at their dream company. Likewise, human resource professionals enjoy meeting new candidates who may be the perfect fit for their company goals. Yet, the one thing that’s common with both sides of the hiring desk is nervousness over what interview questions are appropriate to ask in a first interview.

  •  
  • Help your Millenials save for retirement

    header_MillenialRetirement

    Crystal Spraggins, SPHR

    Saving for retirement is something every working person who has no intention of remaining employed forever should do.

    Members of Gen X and of course, the Boomers, understand this very well. Gen X, in particular, is at the right age to be witnessing first-hand whether their parents have retired well, poorly, or are unable to retire at all, despite having seen the traditional age of retirement come and go.

  •  
  • Four keys for preparing for an annual performance review

    header_4stepsPrepPerfReviews

    Jessica Miller-Merrell, blogging4jobs

    There are a lot of things in life that you can successfully do last minute. For instance, holiday shopping can be put off until December 23 and you’ll probably still get the Lego kit that was at the top of your kids’ wish list; laundry can be saved until midnight on Sunday and it will still be just as clean as if it was done Saturday morning; sales reports can be pulled the very hour they’re due and it makes no difference. However, annual performance reviews are not one of those things.

  •  
  • The dangers of paying employees more than they’re worth

    header_HowMuchPayIsTooMuch

    Crystal Spraggins, SPHR

    Believe it or not, it’s entirely possible to pay employees too much money.

    Even in this economy, it happens. It happens when employee performance consistently fails to meet expectation yet raises continue; when employees stay in entry- to mid-level positions too long; when employees reach their level of incompetence (i.e., The Peter Principle) yet aren’t developed or moved along; and when employees are paid too much to begin with, as a result of a weak or nonexistent wage administration policy.

  •  
  • Adding value to your compensation with supplemental benefit plans

    header_AddValueCompBenefits

    Management of employee benefit programs has taken on new meaning since the inception of the Affordable Healthcare Act. This is particularly true when it comes to engaging and retaining the workforce through fair compensation, which includes the perceived value of company health benefits. Organizational benefit administrators who are already struggling to provide adequate wellness coverage for employees may feel as if they are losing the battle one employee at a time.

  •  
  • Tips for writing a salary increase letter

    header_TipsSalaryIncreaseLetter

    There comes a time in every manager’s life when he or she identifies an employee who demonstrates outstanding performance that warrants a salary increase. This can come during a formal performance review or as a result of an employee promotion -- perhaps when the company goes through some shifting that necessitates additional employee responsibilities or a new job title. Since written letters are still the preferred way to document and manage a salary increase, a manager needs to understand how to write a salary increase letter that explains things according to employment legalities.

  •  
  • The best ways to compensate an unpaid intern

    header_InternBonus

    Jessica Miller-Merrell, blogging4jobs

    More and more these days, paid internships are becoming the standard for companies that offer internships. This allows companies to compete with others in the industry or region for both the best interns and new grads. However, for companies who offer unpaid internships, it’s a whole different ball game. Even when businesses have rich and varied experience to offer potential interns, they are at an automatic disadvantage when they can’t or don’t offer paid internships.

  •  
  • Don’t be a friend to your workplace bully

    header_WorkplaceBullying

    Crystal Spraggins, SPHR

    In the workplace, it’s good to be friendly to everyone. Life is better that way.

    But if you’re in management, the one person who deserves more than “friendly” is your resident bully.

    Does that surprise you? I thought it might.

    See, your bully needs love, not friendship. And by “love” I mean tough love. The kind with immovable boundaries. The kind with real consequences. The kind that demands a change or at the very least protects the innocent.

  •  
  • Effective bonus compensation plans for temporary seasonal staffers

    header_SeasonalWorkerBonuses

    Each year, thousands of companies make the decision to hire temporary workers to augment their human capital resources during peak production cycles and busy seasons. According to the most recent figures from the US Department of Labor Bureau of Labor Statistics, nearly 2 million people are employed as contingency workers in a wide variety of temporary and seasonal assignments. Additionally, organizations in the manufacturing, retail, and hospitality markets rely heavily on the use of temporary and seasonal staffers.

  •  
  • 30 hot jobs in 2013

    Which are the hot jobs of 2013?

    Laleh Hassibi, PayScale

    Wondering where the purple squirrels are hanging out these days? Maybe they are working in one of these 30 "hot" jobs. These are the thirty hottest jobs right now as determined by a combined factor of the wage growth they have experienced in the labor market over the last 3 years and the employment projections provided by the Bureau of Labor Statistics (BLS).

  •  
  • You need a wage administration program, seriously

    header_WageAdministration

    Crystal Spraggins, SPHR

    Among the list of things that hardly any business leader wants to create is a wage administration program.

    Developing a wage administration program (best defined as policies and procedures used to make compensation decisions) is time consuming, complicated, and expensive, right? Plus, the market will always tell you what to pay someone—you don’t need no stinkin’ wage administration program tying up your hands when you’re ready to make a job offer!

  •  
  • 4 ways to budget without having money in the bank

    header_BudgetWithNoMoney

    Jessica Miller-Merrell, blogging4jobs

    It’s that time of year when sweat beads form on your brow as you sit down to prepare your budget for the next 12 months. For most people, it’s not exactly an exciting time but is accepted as a necessary evil to successfully run a business. There is, however, a select group of people that dread this time of year like they dread their next dentist appointment: those who must create a budget without actually having money in the bank.

  •  
  • Five things every great leader gets right

    header_GoodLeader

    Crystal Spraggins, SPHR

    Despite all the press given to the rotten leaders in the world, workplaces all across the United States are filled with great leaders. These leaders share some commonalities that make them great. For example …

  •  
  • 7 mistakes payroll managers make calculating overtime

    header_PayrollMistakes

    Overtime; the bane of nearly every payroll manager’s existence. Yet, it is a necessary part of operating a profitable businesses when employees need to be paid for time on the clock that extends beyond regular work hours. The correct tracking, calculation and payment of overtime is something that must happen to avoid breaking a number of employment laws. Accurately paying overtime also fosters good will with employees who have sacrificed their personal time in order to help the company meet important project deadlines.

  •  
  • 9 low cost incentive ideas for part time employees

    header_LowPartTimeCost

    Throughout the recession, with all the layoffs and government furloughs, America's employees are working harder than ever before. Many part time employees have also felt the brunt of this extra pressure. Why? Part time employees are often responsible for taking on more tasks for their employers to make up for gaps in departments, left behind by former or missing colleagues. This has left part timers feeling used and abused at times, leading to lower than average productivity, massive burnout, and generally low employee morale.
  •  



SEARCH
GET PAYSCALE NEWS
Sign up for the latest tips and tricks in compensation from PayScale.
Sign up for PayScale News


BRIGHT POSTS

Career News
SOCIALIZE WITH US
CATEGORIES