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2014 Compensation Best Practices Report
 

2014 Compensation Best Practices Report

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This year’s Compensation Best Practices Report reveals that talent management is becoming strategically important for businesses trying to realize growth in today’s more competitive economy.

This year’s Compensation Best Practices Report reveals that talent management is becoming strategically important for businesses trying to realize growth in today’s more competitive economy.

Join PayScale as we discuss the latest findings from the 2014 Compensation Best Practice Report.

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    2014 Compensation Best Practices Report 2014 Compensation Best Practices Report Presentation Transcript

    • 14,000 Positions 3000 Customers 11 Countries 40 Million Salary Profiles 250 Compensable Factors
    • We surveyed 4,700+ companies about… • Economic climate • Compensation practices • Business practices
    • Key Findings Companies have big plans for 2014: • Workforce expansion • Better financial performance • Raises But, they have big concerns about: • Retention • The skills gap • Lack of good salary data
    • More Learnings
    • What do you think you should be called?
    • Performance Matters in 2014 • 54% gave performance-based pay increases • Incentive-based bonuses were the most common type of bonus • Information, Media and Telecommunications was most likely to give incentive bonuses (71%) • 93% conduct performance reviews
    • Impact of government Affordable Care Act • 84% expect no staffing changes from the ACA • 5% cutting back hours • 8% will hire fewer full time workers Fair Minimum Wage Act • 40% are in favor of $10.10 • 30% against • 30% unsure