Compensation Trends for Comp Professionals

header_unicorns_main|header_unicorns_main.png|tess-c-taylor.jpg|tess-c-taylor.jpg

January 13, 2016

Be a Unicorn. What Your Compensation Package Says About Your Business

<img width="610" height="175" src="http://www.payscale.com/cms-images/default-source/b2b/header_unicorns_main.png" alt="Header_Unicorns_Main" /><a href="http://www.hr-writer.com/" title=" target=" rel="noopener">Tess C. Taylor, CPC, PHR, SHRM-CP, PayScale Senior Blogger</a> It can be impossible for Human Resource pros to see things from an objective standpoint when we are so connected to the people and processes of our organizations. However, it’s critical to take a step back once in a while to view things from the perspective of employees and future hires. Compensation plays a major role here. The <a target=" class=" title=" href="https://resources.payscale.com/hr-2015-compensation-practices-report.html" rel="noopener">2015 PayScale Compensation Best Practices Report</a> revealed that a quarter of employers, “reported the inability to offer a competitive wage as a barrier to finding good people, which might explain why a whopping 78 percent claim to be only “somewhat” or “not at all” satisfied with their compensation structures.”

January 9, 2016

Managing Comp during High Growth Phases

<img width="610" height="175" src="http://www.payscale.com/cms-images/default-source/b2b/header_highgrowth_main.png" alt="Header_HighGrowth_Main" /><a href="https://www.linkedin.com/in/mykkah-herner-3972b33"> Mykkah Herner, MA, CCP, Modern Compensation Evangelist, PayScale</a>When organizations get into high growth phase, everything starts moving faster. Recruiting speeds up. Finding people desks to sit in rapidly becomes an unsolvable puzzle.Making sure every incoming person has a set-up complete with computer becomes a greater challenge.All the moving pieces that are tough to keep up with on a good day suddenly run the risk of falling through the cracks. Compensation is another thing you have to get right as you scale quickly. So how can you make sure you’re getting the comp equivalent of the right set-up as you grow?

January 5, 2016

Dump Annual Staff Surveys: Real-Time Engagement is Here!

<img width="610" height="175" src="http://www.payscale.com/cms-images/default-source/b2b/header_dump_annual_surveys_main.png" alt="Header_Dump_Annual_Surveys_Main" /><a href="http://www.hr-writer.com/" title=" target=" rel="noopener">Tess C. Taylor, PHR, SHRM-CP, PayScale Senior Blogger</a>In a bold move, KPMG, a global professional services firm, has opted to dump its annual employee engagement surveys for good—relying on the theory that annual employee surveys are passe and real-time data is the new way of measuring the true engagement level. According to <a target=" class=" title=" href="http://www.afr.com/leadership/careers/jobs/kpmg-dumps-abused-staff-surveys-20151110-gkvctt?&utm_source=social&utm_medium=GooglePlus&utm_campaign=nc&eid=socialn:gplus-14omn0057-optim-nnn:nonpaid-27062014-social_traffic-all-organicpost-nnn-afr-o&campaign_code=nocode&promote_channel=social_googleplus" rel="noopener">Robert Bolton</a> of KPMG, "This term ‘engagement’ is abused, it's misunderstood, it's not evidence based, and it's a minefield.”

December 31, 2015

It Is Time to Pour Your COLA Down the Drain

Rita Patterson, Onboarding Manager, PayScale

December 24, 2015

How To Benchmark an Elf's Job

<img width="610" height="175" src="http://www.payscale.com/cms-images/default-source/b2b/header_elves_main.png" alt="Header_Elves_Main" />PayScale's Mykkah Herner, MA, CCP, Modern Compensation Evangelist and Paige Hanley, CCP, Compensation ProfessionalIt’s that time of year and all of Santa’s Elves have been working overtime. As with many folks who work overtime, that means many of them have felt overworked and underappreciated. Despite their holiday cheer, many of them have walked into Santa’s office in the past week, asking for a raise. Busy himself, Santa turned to PayScale to determine the best way to handle his elf compensation.

header_elves_main|elf-benchmark.png|header_elves_main.png|elf-benchmark.png|fps__mg_2793_ps.jpg|paige.png|fps__mg_2793_ps.jpg|paige.png

December 24, 2015

How To Benchmark an Elf's Job

<img width="610" height="175" src="http://www.payscale.com/cms-images/default-source/b2b/header_elves_main.png" alt="Header_Elves_Main" />PayScale's Mykkah Herner, MA, CCP, Modern Compensation Evangelist and Paige Hanley, CCP, Compensation ProfessionalIt’s that time of year and all of Santa’s Elves have been working overtime. As with many folks who work overtime, that means many of them have felt overworked and underappreciated. Despite their holiday cheer, many of them have walked into Santa’s office in the past week, asking for a raise. Busy himself, Santa turned to PayScale to determine the best way to handle his elf compensation.

December 22, 2015

Myth Buster: Talking About Pay Could Incite an Employee Riot

<img width="610" height="175" src="http://www.payscale.com/cms-images/default-source/b2b/header_myth3_main.png" alt="Header_Myth3_Main" />PayScale If you aren’t talking with employees about pay, chances are they are talking to one another—creating their own story of your compensation philosophy. Not a good thing. PayScale surveyed more than 71,000 employees to study the relationship between pay and transparency.

December 18, 2015

Myth Buster: People Don't Leave Their Jobs Because of Pay

<img width="610" height="175" src="http://www.payscale.com/cms-images/default-source/b2b/header_myth2_main.png" alt="Header_Myth2_Main" />PayScaleBusted! In 2015, the number one reason most people left companies was compensation. The majority of respondents to the <a href="https://www.payscale.com/cbpr" title=" class=" target=" rel="noopener">PayScale Compensation Best Practices Report</a> cited “seeking higher pay elsewhere” as the primary reason for leaving a company. Moral of the story? Money CAN buy you love.

December 8, 2015

Top 5 Insights from Last Year’s CBPR (plus take the new survey!)

<img width="610" height="175" src="http://www.payscale.com/cms-images/default-source/b2b/header_cbpr2015_main.png" alt="header_CBPR2015_Main" />Jade Makana, Director of Content Marketing, B2BFor those who don’t know, every year PayScale produces the Compensation Best Practices Report. This report is based on a survey administered to 100,000 human resources professionals and business executives, asking them their point of view on the biggest topics in human resources and compensation: everything from minimum wage and managing millennials, to recommending your favorite HRIS and payroll software. Last year, we got over 5,000 responses.

December 4, 2015

‘Tis the Season for Rising Health Care Costs – Managing Total Compensation Changes

<img width="610" height="175" src="http://www.payscale.com/cms-images/default-source/b2b/header_risinghealthcare_main.png" alt="Header_RisingHealthCare_Main" /><a href="http://www.hr-writer.com/" title=" target=" rel="noopener">Tess C. Taylor, PHR, SHRM-CP, PayScale Senior Blogger</a> While everyone is out doing their holiday shopping and headed for parties, there’s an undercurrent of change coming that will affect nearly every American in 2016. <a href="https://www.payscale.com/compensation-trends/wages-are-up-but-some-employers-are-not-thrilled" title=" class=" target=" rel="noopener">Wages are up</a> according to the most recent <a href="https://www.payscale.com/payscale-index/" title=" class=" target=" rel="noopener">PayScale Wage Index</a> findings, but these wages are going to have to be stretched even further because of rising health care costs. How will employers manage their total compensation strategy for the coming year in order to remain competitive?

header_friends_main|header_friends_main.png

November 13, 2015

I’ll Be There for You: What “Friends” Taught Us About Salary Negotiations

<img width="610" height="175" src="http://www.payscale.com/cms-images/default-source/Blogs/header_friends_main.png" alt="Header_Friends_Main" /><a href="https://www.linkedin.com/in/joleenoerman">Joleen Oerman, B2B Content Marketing Specialist, PayScale</a>We’ve ‘been on a break’ from the popular television show Friends for eleven years, but the cast’s high salary and equal pay for equal work demand is relevant today. When our favorite friends walked out of Central Perk and into the network’s offices in 2002, their demand for higher pay for all was as unheard of as moving from New York to Yemen. The demand turned heads in the entertainment industry. The unswayable six, huddled together as they did before every show and played hardball with the network. They were irreplaceable, so their demand was undeniable.

November 10, 2015

PayScale's Compensation Glossary: Part 4 of 4

<img width="610" height="175" src="http://www.payscale.com/cms-images/default-source/Blogs/header_comp101_main.png" alt="Header_Comp101_Main" /> Jenni Marquez, CCP, PayScale Compensation Professional Let’s review. So far, we’ve given you the cliff notes for Comp 101, Market Pricing, and Pay Structures. Today we bring you (drum-roll please), your final exam! Just kidding. There is no test, but we do have our final list of terms for you. For our 4th and final lesson, we present: Pay Concerns and Pay Raises.

Compensation trends: Modern perspectives on pay

Be a Unicorn. What Your Compensation Package Says About Your Business

Managing Comp during High Growth Phases

Dump Annual Staff Surveys: Real-Time Engagement is Here!

It Is Time to Pour Your COLA Down the Drain

How To Benchmark an Elf's Job

How To Benchmark an Elf's Job

Myth Buster: Talking About Pay Could Incite an Employee Riot

Myth Buster: People Don't Leave Their Jobs Because of Pay

Top 5 Insights from Last Year’s CBPR (plus take the new survey!)

‘Tis the Season for Rising Health Care Costs – Managing Total Compensation Changes

I’ll Be There for You: What “Friends” Taught Us About Salary Negotiations

PayScale's Compensation Glossary: Part 4 of 4

Pay conversations, freshly brewed