Compensation trends: Modern perspectives on pay

Building Pay Equity into Your Business in 2022

Salary is a touchy subject, and it’s something that everyone - from the average employee to the well-known executive to celebrities - is curious about and treading lightly around. For those in the workforce helping to set salaries, keep employees happy and avoid lawsuits, it’s even more confusing and sensitive. Add to the mix the fact that the terms pay equity and equitable pay are thrown around in many different combinations and ways that are sometimes incorrect, often confusing and many times not helpful and you’ve got one big question mark on your hands. Today, we’ll set the record straight on what pay equity and equitable pay mean, how they relate to each other and how they’re different.

Beyond Compensation: How to REALLY Motivate Employees

<img src="http://cdn-payscale.com/content/blogs/header_MotivateWithScience.jpg"><a href="https://plus.google.com/102099066436032147105? rel=author" style="line-height: 1.5">Jessica Miller-Merrell,</a><span style="line-height: 1.5"> blogging4jobs</span><p>Although we know compensation is the number one reason people leave companies, pay isn’t the only factor in employee engagement. Pay meets the basic need, but what comes next? The truth is, there’s a science to motivation that really works and it’s backed by proven research and psychology.</p>

Time to Get Real About Employee Engagement! 65% of Employees are Quitting for More Money

<img width="610" height="175" src="http://www.payscale.com/cms-images/default-source/Blogs/header_employeeengagementreallymeans.jpg?Status=Temp&amp;sfvrsn=2" alt="header_EmployeeEngagementReallyMeans" /><a href="http://www.hr-writer.com/" title=" target=" rel="noopener">Tess C. Taylor, PHR, SHRM-CP, PayScale Senior Blogger</a><br><br>The term employee engagement gets thrown around pretty loosely today, but what does this concept really mean? With 63 percent of employers concerned about employee retention, employee engagement goes a lot deeper than just smiling happy employees at the office. It’s about how employers are jumping through hoops to keep their workers plugged in.

Snackable: PayScale VP Tim Low, alongside Google’s Laszlo Block, weighs in on Salary Transparency

<img width="610" height="175" src="http://www.payscale.com/cms-images/default-source/b2b/header_inthenews.jpg?Status=Temp&amp;sfvrsn=2" alt="header_InTheNews" />Joleen Oerman, PayScale </p> <p>The <a href="https://www.payscale.com/compensation-trends/hr-video-the-great-salary-transparency-debate">trend toward salary transparency</a> is on the rise and continues to be a hotly debated topic. Payscale’s VP of Marketing Tim Low, along with Google’s Senior VP Laszlo Bock, was recently interviewed on the topic.</p>

How to Negotiate a Compensation Package for a New Hire

<img width="610" height="175" src="http://www.payscale.com/cms-images/default-source/Blogs/blogheader7_29.jpg?Status=Temp&amp;sfvrsn=2" alt="BlogHeader7_29" /><a href="http://www.hr-writer.com/" title=" target=" rel="noopener">Tess C. Taylor, PHR, SHRM-CP, PayScale Senior Blogger</a><p>Hiring great people starts with offering them a competitive work culture and compensation package. PayScale’s <a href="https://resources.payscale.com/hr-2015-compensation-practices-report.html?_ga=1.85339417.1064815136.1433958129" title=" class=" target=" rel="noopener">2015 Compensation Best Practices Report</a> revealed that a top concern for companies is attracting and retaining the best talent. However, the way any human resource manager handles compensation negotiations must be carefully balanced with other factors.</p>

Building Salary Ranges for Beginners, Part 2

<img width="610" height="175" src="http://www.payscale.com/cms-images/default-source/Blogs/blogheader8-5-v2.jpg?Status=Temp&amp;sfvrsn=2" alt="BlogHeader8-5-v2" />By&nbsp;Jenni Marquez, CCP, PayScale Compensation Professional</p><p>In our never-ending quest to keep human resource and compensation managers informed and educated about compensation best practices, here is our second part in our two-part series on <a href="https://www.payscale.com/compensation-trends/building-salary-ranges-for-beginners-part-1" title=" class=" target=" rel="noopener">Building Salary Ranges for Beginners</a>. Enjoy!

Building Salary Ranges for Beginners, Part 2

<img width="610" height="175" src="http://www.payscale.com/cms-images/default-source/Blogs/blogheader8-5-v2.jpg?Status=Temp&amp;sfvrsn=2" alt="BlogHeader8-5-v2" />By&nbsp;Jenni Marquez, CCP, PayScale Compensation Professional</p><p>In our never-ending quest to keep human resource and compensation managers informed and educated about compensation best practices, here is our second part in our two-part series on <a href="https://www.payscale.com/compensation-trends/building-salary-ranges-for-beginners-part-1" title=" class=" target=" rel="noopener">Building Salary Ranges for Beginners</a>. Enjoy!

Building Salary Ranges for Beginners

Building Salary Ranges for Beginners

Bonuses Remain the Top Priority for Raising Compensation

<img width="610" height="175" src="http://www.payscale.com/cms-images/default-source/Blogs/blogheader7_27.jpg?Status=Temp&amp;sfvrsn=2" alt="BlogHeader7_27" /><a href="http://www.hr-writer.com/" title=" target=" rel="noopener">Tess C. Taylor, PHR, SHRM-CP, PayScale Senior Blogger</a><div><br></div>Recently, I wrote about the sluggish state of the US economy and its <a href="https://www.payscale.com/compensation-trends/will-compensation-remain-stagnant-or-grow-for-2015-" title=" class=" target=" rel="noopener">impact on wages</a> for the third quarter of 2015. But, I neglected to mention one thing. While companies may not be raising salaries as progressively as desired, they are turning to other means to increase the compensation for their most-deserving employees by offering bonuses.

Align Your Compensation Strategy with Business Priorities

<img width="610" height="175" src="http://www.payscale.com/cms-images/default-source/Blogs/blogheader7_20.jpg?Status=Temp&amp;sfvrsn=2" alt="BlogHeader7_20" /><a href="http://www.hr-writer.com/" title=" target=" rel="noopener">Tess C. Taylor, PHR, SHRM-CP, PayScale Senior Blogger</a>&nbsp;</span></p><p><span style="line-height: 1.5">At the intersection of business objectives and recruitment is a strong compensation strategy. It’s what makes an organization stand out among the competition. But, how can you peer into the future and determine the best course of action when these goals keep changing?

5 Steps to Creating a Merit Matrix

<img src="http://www.payscale.com/cms-images/default-source/Blogs/blogheader7_22.jpg?sfvrsn=0" title="BlogHeader7_22"><p>By&nbsp;Jenni Marquez, CCP, PayScale Compensation Professional</p>Most companies today are actively working to develop a pay-for-performance culture. As an HR Professional, how can you position yourself as a strategic partner to your executive team and help them achieve this goal? One way is through use of a merit matrix.