Compensation trends:
Modern perspectives on pay

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If you don’t have a compensation strategy for remote work, here’s where to start

Payscale recently released research on the State of Remote Work in 2021 finds that 81 percent of organizations don’t have a compensation strategy for remote work. That’s concerning. Remote work has upended traditional workplace dynamics and employees have
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Types of bonuses and when to use them

Bonuses are a beautiful thing. Whether you’re sweetening a job offer, showing appreciation for meeting goals, or sharing company earnings, bonuses can play an important role in attracting and retaining quality employees. However, navigating the various types
Articles

Base salary: what is it, how to calculate, what to offer

A base salary, also known as base pay, is the initial compensation amount or wage employers agree to pay an employee at the start of a job before taxes and other deductions. Base salary does not include benefits or additional earning opportunities. How does...
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Most People Believe They are Underpaid Even When They Aren’t

Payscale’s newly released Fair Pay Impact Report shows that people believe they are underpaid even when they are paid at or above market. In addition, people who believe they are underpaid are 50 percent more likely to seek new opportunities. Fortunately, pa
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What is Severance Pay?

Severance pay is compensation an employer may pay an employee after departing from the company. While severance pay is common and can establish good will among employees, it is not required by law. Severance packages are most commonly offered for layoffs, invo
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Gross Pay vs Net Pay: What’s the Difference?

Gross pay (also known as gross salary) is the amount of compensation a company or organization pays an employee before any required or voluntary deductions take effect, per payment period. Gross pay is the number listed at the top of each payroll statement. Fo
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Why a Federal Minimum Wage Increase to 15 Dollars an Hour Makes Sense in 2021

Raising the federal minimum wage is a controversial topic. Economists have been arguing about the efficacy and impact of the minimum wage since it was first introduced in the United States in 1938. The controversy typically revolves around whether or not a fed
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The Gender Pay Gap is Real. To Close It, Pay Equity Needs to Be a Continuous Practice

This post on “The Gender Pay Gap is Real” also appears as an article on LinkedIn by the same author. It is cross-posted to the Payscale blog. The opinions in this post belong to the author. If you didn’t know, Wednesday, March 24, 2021...
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MarketPay Jobs: An Unparalleled Solution

Accurate job descriptions can serve as a key document in developing a fair and equitable work environment. A job description is a technical document that acts as the backbone and infrastructure of how to do a job well. It covers competencies, abilities,
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PayScale Releases 2021 Compensation Best Practices Report

PayScale is thrilled to announce the launch of our 2021 Compensation Best Practices Report (CBPR), the largest survey in North America to focus specifically on compensation and total rewards. PayScale has been releasing CBPR every year for 12 years now, but 20
Articles

Illuminate Your People Strategy with MarketPay Jobs

For many organizations, it’s merit cycle season. If you are currently amid the substantial undertaking of this annual program, you are acutely aware that this process is not done in a vacuum. With up to 70% of a business’s operating expenses ass
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Introducing MarketPay Jobs, powered by JDXpert!

Leading organizations know that robust job description management is key to attracting talent with the skills they need to grow their business. A once often overlooked area of Human Resources and point of friction between managers and their HR partners, job de