As you consider employee raises and prepare your compensation strategy, it's imperative to have reliable, Texas-specific data to inform your decisions when building a solid compensation foundation.
New England Compensation Trends & Pay PracticesPayScale, Inc.
As you consider employee raises and prepare your compensation strategy, it's imperative to have reliable, New England-specific data to inform your decisions when building a solid compensation foundation.
Now that you've got Comp basics down, and it's time to level up! Taking the foundational skills of 101 into consideration, 201 builds on the concepts of creating a structure by digging deeper into each necessary piece needed in order to understand how to build and maintain a compensation structure.
-Ranges & Grades – what are they and which is the best scenario for you? Geo differentials–best practices, managing grade schedules
-Midpoints & widths – what does this mean and what does it determine?
-Structure Scenario – using a common customer scenario, we will build a structure live on the call
-Job levels/Job familiars – how to make adjustments to alignment and slot jobs
A recent PayScale study revealed that employees’ perceptions of how they are paid are a better predictor of their intent to stay than their actual fair pay to the market. These implications create a huge opportunity for employers to get it right when it comes to communicating pay effectively.
The Impact of the Current Economy on Compensation ManagementPayScale, Inc.
Join James Redfern, Chief Financial Officer and Becky Wood, Sr. Applied Analytics Adviser, as they dive into wages pre, during, and post pandemic – and what this means for economic recovery.
It's time to start thinking about your 2017 compensation budget. Getting pay right is critical to keeping, attracting, and motivating your best people, but how can you make compensation a priority for next year’s budget? Join PayScale as we discuss:
-Checking for market movement
-Identifying and resolving pay inequities
-Selling the need for a decent compensation budget
Now that Spring is here it’s a great time to review your comp plan. Whether you are updating an existing plan or have something more informal in place, this will be an excellent webinar to attend.
We’ll walk you through some basics such as evaluating your compensation philosophy and strategy, keeping up on critical jobs in the market, and ensuring basic compliance.
Getting started in Comp can feel overwhelming, but it doesn’t have to be.
We all want to compare our workforce to market. But how do you outline your workforce and define which market you’re competing in? This webinar will walk you through the basic concepts of compensation and explain how they relate to your real-world challenges. You’ll learn more about the choices that you can make to evaluate your workforce.
Comp 101 covers:
-How jobs are benchmarked
-When to use different Labor Markets for different roles
-Best practices for outlining your Labor Market
-Understanding Market Data
-How paying at the 10th/50th/90th percentiles impacts your strategy
-Live Question & Answer segment
New England Compensation Trends & Pay PracticesPayScale, Inc.
As you consider employee raises and prepare your compensation strategy, it's imperative to have reliable, New England-specific data to inform your decisions when building a solid compensation foundation.
Now that you've got Comp basics down, and it's time to level up! Taking the foundational skills of 101 into consideration, 201 builds on the concepts of creating a structure by digging deeper into each necessary piece needed in order to understand how to build and maintain a compensation structure.
-Ranges & Grades – what are they and which is the best scenario for you? Geo differentials–best practices, managing grade schedules
-Midpoints & widths – what does this mean and what does it determine?
-Structure Scenario – using a common customer scenario, we will build a structure live on the call
-Job levels/Job familiars – how to make adjustments to alignment and slot jobs
A recent PayScale study revealed that employees’ perceptions of how they are paid are a better predictor of their intent to stay than their actual fair pay to the market. These implications create a huge opportunity for employers to get it right when it comes to communicating pay effectively.
The Impact of the Current Economy on Compensation ManagementPayScale, Inc.
Join James Redfern, Chief Financial Officer and Becky Wood, Sr. Applied Analytics Adviser, as they dive into wages pre, during, and post pandemic – and what this means for economic recovery.
It's time to start thinking about your 2017 compensation budget. Getting pay right is critical to keeping, attracting, and motivating your best people, but how can you make compensation a priority for next year’s budget? Join PayScale as we discuss:
-Checking for market movement
-Identifying and resolving pay inequities
-Selling the need for a decent compensation budget
Now that Spring is here it’s a great time to review your comp plan. Whether you are updating an existing plan or have something more informal in place, this will be an excellent webinar to attend.
We’ll walk you through some basics such as evaluating your compensation philosophy and strategy, keeping up on critical jobs in the market, and ensuring basic compliance.
Getting started in Comp can feel overwhelming, but it doesn’t have to be.
We all want to compare our workforce to market. But how do you outline your workforce and define which market you’re competing in? This webinar will walk you through the basic concepts of compensation and explain how they relate to your real-world challenges. You’ll learn more about the choices that you can make to evaluate your workforce.
Comp 101 covers:
-How jobs are benchmarked
-When to use different Labor Markets for different roles
-Best practices for outlining your Labor Market
-Understanding Market Data
-How paying at the 10th/50th/90th percentiles impacts your strategy
-Live Question & Answer segment
Webinar - Best Practices in Pay-for-PerformancePayScale, Inc.
Incentivizing employees based on performance makes a ton of sense. High performing employees should get a bigger piece of the pie, while low performers may not get a raise. In fact, according to PayScale's 2017 Compensation Best Practices Report, performance was the number one reason for giving increases last year. Organizations are moving away from using COLA as a reason for across the board raises.
Join PayScale's Mykkah Herner and Chris Estes to learn how to do pay-for-performance well and why paying for performance remains a strong compensation best practice.
Register for this webinar and you'll learn about:
-The right frequency of performance reviews
-How you can recognize performance with pay
-Monetary or non-monetary and which works best?
2015 Compensation Best Practices Report webinar slidesPayScale, Inc.
Companies are concerned about attracting and retaining top performing employees, creating serious doubts about their ability to compete effectively in our rebounding economy. Join PayScale as we discuss the latest findings from the 2015 Compensation Best Practice Report.
Webinar: How to Communicate to Comp Executives and ManagersPayScale, Inc.
The messaging about your compensation plan is as important as the plan itself. In this webinar join Mykkah Herner and Paige Hanley as they discuss useful tips and tools for getting your compensation communications right with managers and executives.
PayScale: The Pay Transparency Challenge webinarPayScale, Inc.
Pay Transparency is one of the hottest topics in human resources right now. But what exactly does pay transparency mean?
Join Mykkah Herner, MA, CCP and Paige Hanley, CCP as they discuss pay transparency as a way of increasing trust within your organization to drive engagement, productivity, and business results.
Structure can be a good thing. Pay ranges give you guidelines for how to pay your people, and help you to identify pay inconsistencies and inequities across your employees. Join this webinar to learn more.
-An overview of how to use your Insight Platform to build out a range structure
-Best Practices of what to think about when building out a structure in the tool for the first time
-Keys tips to implement pay ranges in your organization
Webinar-The Total Economic Impact of PayScalePayScale, Inc.
Compensation management is more than just pay roll distribution. And if you’re in the trenches, you know your impact is bigger than a simple 3% adjustment to the salary budget. But how do you measure it? To help businesses realize the full impact of better compensation management, PayScale commissioned Forrester Consulting, an independent research firm, to conduct a study of real customers evaluating the total economic impact of PayScale.
Join Tim Low, SVP of Marketing at PayScale, and guest speaker Sean Owens, Principal Consultant, Forrester, as we dive into the analysis of how PayScale is delivering 249% ROI to its customers!
In this webinar, you’ll learn:
The state of labor and its impact on comp management
-The Total Economic Impact Study methodology
-The link between comp and retention
-How PayScale is delivering 249% ROI to its customers
Featuring insights from The Total Economic Impact Of PayScale: Cost Savings And Business Benefits Enabled By The PayScale Compensation Intelligence Platform.
Webinar-Comp Foundations-Overpayment/UnderpaymentPayScale, Inc.
Just discovered that a large portion of your workforce is overpaid or underpaid? Not sure what to do?
Join us for a walkthrough on how to discover and manage over/underpayment.
This webinar covers:
- What to do with a new minimum wage
- Payment relative to market
- Employees who are paid out of range
- Communicating pay adjustments
- To freeze or not to freeze pay?
Think you know all there is to know about HR? Think again! One of the exciting things about working in Human Resources is that the industry is constantly evolving and transforming. Factor in the era of big data, and it’s no wonder commonly held beliefs are getting disrupted on a daily basis. Staying on your game is more challenging than ever, so join us for this exciting webinar.
Webinar-Compensating the Workforce of TomorrowPayScale, Inc.
The future is now. PayScale’s 2017 Compensation Best Practices Report noted that a third of top-performing companies are changing their strategies to accommodate millennials. These top organizations take a proactive approach to anticipating the needs of tomorrow’s workforce today.
Join Caitlin Williams and Mykkah Herner on this May the Fourth as they explore the best ways to compensate tomorrow’s workforce, now.
Register for this webinar and you’ll learn about:
-Ways to examine and define your workforce
-The value of having a great comp strategy that fits
-The impact of automated jobs
(health economics and business plan)اقتصاد سلامت و طرح کسب و کارerfanzamani2
استفاده صحیح از منابع محدود به منظور انجام فعالیت های اقتصادی از موضوعاتی است که همیشه مورد توجه سرمایه گذاران و تامین کنندگان منابع مالی(از قبیل بانک ها، موسسات تامین منابع مالی، صندوق های توسعه ای و ...) قرار داشته است. این امر به طور معمول از طریق انجام بررسی ها، برآوردهای جامع و تدوین چشم انداز پروژه ها قبل از اجرا و نهایتاً انجام ارزیابی های لازم و ارائه نتایج آن در قالب یک گزارش مکتوب یعنی همان «طرح کسب و کار» صورت میگیرد.
در این جلسه از کلاس های آمادگی المپیاد کارآفرینی به بررسی اجزای طرح کسب وکار و اقتصاد سلامت میپردازیم. کتاب راهنمای تهیه طرح کسب و کار نوشته مسعود شفیعی مورد بررسی قرار می دهیم.
Webinar-How to Elevate Your Talent Analysis with Multiple Data SourcesPayScale, Inc.
The landscape of compensation data has changed. HR teams and compensation specialists have more choice than ever in what sources they can use in their analysis, and candidates and employees alike are more informed of their value in the marketplace. For some, this has been a shift towards more positive conversations with employees, but it can be a scary prospect without the right data to back you up.
Join Michael Diaz, Compensation and Benefits Analyst at Sungevity, and PayScale’s Mykkah Herner as they discuss:
- Current market trends impacting compensation
- The growing data market and factors to consider when selecting sources
- How to integrate new data sources into your mix
- The business impact of quicker, more accurate matches
Webinar-5 Steps to Building a Modern Comp PlanPayScale, Inc.
A comprehensive compensation plan can guide your organization in its talent strategies, but a modern comp plan drives organizational success. Modern compensation planning is rooted in your company’s goals and uses pay as a lever to increase employee retention, engagement, and performance. Whether you’re creating a modern compensation plan for the first time or updating an existing one, these five steps will help you create a plan that sets your organization up for long-term success.
Join PayScale’s Krystal Praast and Diane Schuman to learn how to create a modern comp plan from intention to implementation.
Register for this webinar and you’ll learn about:
-The importance of laying the groundwork for comp success
-How to build market-based pay ranges
-The path to successfully implementing your plan
A good start to improving the right kind of retention is to make sure you’re paying fairly and competitively to the market. In fact, research shows a link between fair and transparent pay practices, lower intent to leave, and overall greater job satisfaction.
Attend this webinar and learn:
-How compensation impacts retention
-The 3 truths about turnover
-The 5 keys to retaining top employees
Budgeting Part: Putting it All Together With PayScale Insight SlidesPayScale, Inc.
In the final installment of the Compensation Budgeting webinar series you will learn about the software and data you need to formalize your compensation strategy.
Webinar - How to Communicate Compensation to EmployeesPayScale, Inc.
A study conducted by PayScale revealed that employees’ perceptions of how they are paid are a better predictor of their intent to stay than their actual fair pay to the market. These implications create a huge opportunity for employers to get it right when it comes to communicating pay effectively.
Conversations about pay are often perceived as scary, demoralizing, or just boring. However, done right, pay talk can be quite motivating.
View this webinar and learn:
-Why talking about pay with employees is so important
-How you can train your managers to have useful compensation conversations
-What typical situations you may encounter when it’s time to talk pay
In partnership with BambooHR
Make Oil & Gas Great Again Series: Does Your Company Return Its Cos of Capital?Scott Shemwell
This is the first webinar in the Make Oil and Gas Great Again series addressing issues the upstream oil and gas sector faces. In this presentation we address issues the sector faces to generate a positive return on individual firms' Cost of Capital and describe an model based on Operational Excellence to achieve the desired results.
Compensation Strategies for a Multigenerational WorkforcePayScale, Inc.
Join Mykkah Herner and Ian Englund of PayScale’s professional services group as they explore the impact of a multigenerational workforce on compensation. They’ll discuss strategies for an appropriate compensation mix given various impacts.
2013 PayScale Best Practices Report HighlightsPayScale, Inc.
Are your competitors giving raises in 2013? What are the top concerns and compensation trends this year? PayScale surveyed over 4,000 execs and HR professionals from across multiple industries and locations to find out.
Webinar - Best Practices in Pay-for-PerformancePayScale, Inc.
Incentivizing employees based on performance makes a ton of sense. High performing employees should get a bigger piece of the pie, while low performers may not get a raise. In fact, according to PayScale's 2017 Compensation Best Practices Report, performance was the number one reason for giving increases last year. Organizations are moving away from using COLA as a reason for across the board raises.
Join PayScale's Mykkah Herner and Chris Estes to learn how to do pay-for-performance well and why paying for performance remains a strong compensation best practice.
Register for this webinar and you'll learn about:
-The right frequency of performance reviews
-How you can recognize performance with pay
-Monetary or non-monetary and which works best?
2015 Compensation Best Practices Report webinar slidesPayScale, Inc.
Companies are concerned about attracting and retaining top performing employees, creating serious doubts about their ability to compete effectively in our rebounding economy. Join PayScale as we discuss the latest findings from the 2015 Compensation Best Practice Report.
Webinar: How to Communicate to Comp Executives and ManagersPayScale, Inc.
The messaging about your compensation plan is as important as the plan itself. In this webinar join Mykkah Herner and Paige Hanley as they discuss useful tips and tools for getting your compensation communications right with managers and executives.
PayScale: The Pay Transparency Challenge webinarPayScale, Inc.
Pay Transparency is one of the hottest topics in human resources right now. But what exactly does pay transparency mean?
Join Mykkah Herner, MA, CCP and Paige Hanley, CCP as they discuss pay transparency as a way of increasing trust within your organization to drive engagement, productivity, and business results.
Structure can be a good thing. Pay ranges give you guidelines for how to pay your people, and help you to identify pay inconsistencies and inequities across your employees. Join this webinar to learn more.
-An overview of how to use your Insight Platform to build out a range structure
-Best Practices of what to think about when building out a structure in the tool for the first time
-Keys tips to implement pay ranges in your organization
Webinar-The Total Economic Impact of PayScalePayScale, Inc.
Compensation management is more than just pay roll distribution. And if you’re in the trenches, you know your impact is bigger than a simple 3% adjustment to the salary budget. But how do you measure it? To help businesses realize the full impact of better compensation management, PayScale commissioned Forrester Consulting, an independent research firm, to conduct a study of real customers evaluating the total economic impact of PayScale.
Join Tim Low, SVP of Marketing at PayScale, and guest speaker Sean Owens, Principal Consultant, Forrester, as we dive into the analysis of how PayScale is delivering 249% ROI to its customers!
In this webinar, you’ll learn:
The state of labor and its impact on comp management
-The Total Economic Impact Study methodology
-The link between comp and retention
-How PayScale is delivering 249% ROI to its customers
Featuring insights from The Total Economic Impact Of PayScale: Cost Savings And Business Benefits Enabled By The PayScale Compensation Intelligence Platform.
Webinar-Comp Foundations-Overpayment/UnderpaymentPayScale, Inc.
Just discovered that a large portion of your workforce is overpaid or underpaid? Not sure what to do?
Join us for a walkthrough on how to discover and manage over/underpayment.
This webinar covers:
- What to do with a new minimum wage
- Payment relative to market
- Employees who are paid out of range
- Communicating pay adjustments
- To freeze or not to freeze pay?
Think you know all there is to know about HR? Think again! One of the exciting things about working in Human Resources is that the industry is constantly evolving and transforming. Factor in the era of big data, and it’s no wonder commonly held beliefs are getting disrupted on a daily basis. Staying on your game is more challenging than ever, so join us for this exciting webinar.
Webinar-Compensating the Workforce of TomorrowPayScale, Inc.
The future is now. PayScale’s 2017 Compensation Best Practices Report noted that a third of top-performing companies are changing their strategies to accommodate millennials. These top organizations take a proactive approach to anticipating the needs of tomorrow’s workforce today.
Join Caitlin Williams and Mykkah Herner on this May the Fourth as they explore the best ways to compensate tomorrow’s workforce, now.
Register for this webinar and you’ll learn about:
-Ways to examine and define your workforce
-The value of having a great comp strategy that fits
-The impact of automated jobs
(health economics and business plan)اقتصاد سلامت و طرح کسب و کارerfanzamani2
استفاده صحیح از منابع محدود به منظور انجام فعالیت های اقتصادی از موضوعاتی است که همیشه مورد توجه سرمایه گذاران و تامین کنندگان منابع مالی(از قبیل بانک ها، موسسات تامین منابع مالی، صندوق های توسعه ای و ...) قرار داشته است. این امر به طور معمول از طریق انجام بررسی ها، برآوردهای جامع و تدوین چشم انداز پروژه ها قبل از اجرا و نهایتاً انجام ارزیابی های لازم و ارائه نتایج آن در قالب یک گزارش مکتوب یعنی همان «طرح کسب و کار» صورت میگیرد.
در این جلسه از کلاس های آمادگی المپیاد کارآفرینی به بررسی اجزای طرح کسب وکار و اقتصاد سلامت میپردازیم. کتاب راهنمای تهیه طرح کسب و کار نوشته مسعود شفیعی مورد بررسی قرار می دهیم.
Webinar-How to Elevate Your Talent Analysis with Multiple Data SourcesPayScale, Inc.
The landscape of compensation data has changed. HR teams and compensation specialists have more choice than ever in what sources they can use in their analysis, and candidates and employees alike are more informed of their value in the marketplace. For some, this has been a shift towards more positive conversations with employees, but it can be a scary prospect without the right data to back you up.
Join Michael Diaz, Compensation and Benefits Analyst at Sungevity, and PayScale’s Mykkah Herner as they discuss:
- Current market trends impacting compensation
- The growing data market and factors to consider when selecting sources
- How to integrate new data sources into your mix
- The business impact of quicker, more accurate matches
Webinar-5 Steps to Building a Modern Comp PlanPayScale, Inc.
A comprehensive compensation plan can guide your organization in its talent strategies, but a modern comp plan drives organizational success. Modern compensation planning is rooted in your company’s goals and uses pay as a lever to increase employee retention, engagement, and performance. Whether you’re creating a modern compensation plan for the first time or updating an existing one, these five steps will help you create a plan that sets your organization up for long-term success.
Join PayScale’s Krystal Praast and Diane Schuman to learn how to create a modern comp plan from intention to implementation.
Register for this webinar and you’ll learn about:
-The importance of laying the groundwork for comp success
-How to build market-based pay ranges
-The path to successfully implementing your plan
A good start to improving the right kind of retention is to make sure you’re paying fairly and competitively to the market. In fact, research shows a link between fair and transparent pay practices, lower intent to leave, and overall greater job satisfaction.
Attend this webinar and learn:
-How compensation impacts retention
-The 3 truths about turnover
-The 5 keys to retaining top employees
Budgeting Part: Putting it All Together With PayScale Insight SlidesPayScale, Inc.
In the final installment of the Compensation Budgeting webinar series you will learn about the software and data you need to formalize your compensation strategy.
Webinar - How to Communicate Compensation to EmployeesPayScale, Inc.
A study conducted by PayScale revealed that employees’ perceptions of how they are paid are a better predictor of their intent to stay than their actual fair pay to the market. These implications create a huge opportunity for employers to get it right when it comes to communicating pay effectively.
Conversations about pay are often perceived as scary, demoralizing, or just boring. However, done right, pay talk can be quite motivating.
View this webinar and learn:
-Why talking about pay with employees is so important
-How you can train your managers to have useful compensation conversations
-What typical situations you may encounter when it’s time to talk pay
In partnership with BambooHR
Make Oil & Gas Great Again Series: Does Your Company Return Its Cos of Capital?Scott Shemwell
This is the first webinar in the Make Oil and Gas Great Again series addressing issues the upstream oil and gas sector faces. In this presentation we address issues the sector faces to generate a positive return on individual firms' Cost of Capital and describe an model based on Operational Excellence to achieve the desired results.
Compensation Strategies for a Multigenerational WorkforcePayScale, Inc.
Join Mykkah Herner and Ian Englund of PayScale’s professional services group as they explore the impact of a multigenerational workforce on compensation. They’ll discuss strategies for an appropriate compensation mix given various impacts.
2013 PayScale Best Practices Report HighlightsPayScale, Inc.
Are your competitors giving raises in 2013? What are the top concerns and compensation trends this year? PayScale surveyed over 4,000 execs and HR professionals from across multiple industries and locations to find out.
Along with HRPA of Canada, PayScale conducted a research study based on our extensive database of more than 40 million salary profiles. We determined the current market value, career progression, industry and metropolitan values of salaries of HR professionals in Canada who have the CHRP designation.
We invite current PayScale customers to join us for a special 30-minute webinar tour of PayScale Insight Expert that will show you how much you can grow with Insight Expert professional services.
Are you constantly fighting against leadership in your organization? Too often executives resist comp planning because they see it as a set of rules intended to limit their authority to make good decisions.
As you build out your compensation strategy, it's imperative to have reliable data to inform your salary decisions, easy to use software to automate compensation processes, and expert guidance to walk you through getting pay right.
Texas Compensation Trends and Pay PracticesPayScale, Inc.
As you manage and refine your compensation strategy for 2014, it's imperative to have reliable, Texas-specific data to inform your decisions when building a solid compensation foundation.
College Can Be Expensive - How Do You Pick the Right One?PayScale, Inc.
These days, college students have more to worry about than what classes to take next semester. Rising tuition expenses, mountains of debt, and the not-so-sunny outlook on the employment prospects of many popular career choices have increased the importance for both parents and future college students to examine their choices more thoroughly than ever before. Before mailing in the applications, use the available data wisely: research which majors have the most potential, and, more importantly, study each school’s return on investment—which is what, ultimately, you’ll earn back from your degree.
Get Pay Right with PayScale Insight ExpertPayScale, Inc.
Watch this 30 minute webinar, as we demonstrate how to get pay right - the PayScale way.
-Be confident in your pay decisions with access to pay data that's updated daily.
-Price your job positions according to skills, experience, and local market trends.
-Save the aging for your wine – PayScale’s data is real-time and always at market.
If you're creating, maintaining, or revamping a comp strategy, you won't want to miss this presentation.
payscale.com/hr
Canadian Compensation Trends & Pay PracticesPayScale, Inc.
Many areas across Canada have returned to their patterns of rapid wage growth in recent quarters. Are you on top of the trends?
As you consider employee raises and refine your compensation strategy, it's imperative to have reliable Canada-specific data to inform your decisions when building a solid compensation foundation.
California Compensation Trends and Pay PracticesPayScale, Inc.
As you consider employee raises and prepare your compensation strategy, it's imperative to have reliable, California-specific data to inform your decisions when building a solid compensation foundation.
Strenghtening the link between pay and performancePayScale, Inc.
More companies than ever are moving to a performance based compensation model. However implementing a pay-for-performance program is not an easy thing to get off the ground.
Compensation Analytics: The ROI of TurnoverPayScale, Inc.
Review of critical comp analytics to give you a better understanding of basic compensation language, including how to actually calculate the numbers that matter to your organization. You’ll learn how to talk like a comp pro, calculate basic comp metrics and present the health of your comp program to execs.
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.
Communicating Compensation: Equipping Your ManagersPayScale, Inc.
Managers play a critical role in communicating about compensation to your employees. Teach them the best practices on how to effectively communicate the details of your compensation plan.
Payscale has three data sources to help organizations quickly respond to a changing talent market and the technology for organizations of all sizes to create more equitable and transparent pay practices.
Webinar - Adapting to the Market with Payfactors DataPayScale, Inc.
With the market changing so rapidly, access to fresh, varied data sources is the key to success. Join members of Payscale’s product and data teams as they examine the current market challenges and dig into how a multi sourced data library can be your guiding light when navigating these challenges.
Webinar creating a_compensation_calendar_everyone_lovesPayScale, Inc.
Compensation is one of the many critical areas of responsibility for most HR teams, and having a well-planned compensation calendar is a key component to your talent strategy.
This webinar will guide you through a typical compensation calendar so you can determine:
The best time to create a comp calendar
How to improve upon your talent planning processes for the coming year
How to integrate your compensation calendar with other responsibilities such as recruitment and benefits
This webinar is approved for 1.0 HRCI re-certification credit.
The 2016 Compensation Best Practices Report found that 73% of employers consider their employees fairly paid, yet only 36% of employees feel they are paid fairly.
As more states look into creating fair pay laws the notion of equal pay is beginning to expand beyond gender into other protected areas. So what is the link between equal pay and fair pay, and how can organizations best achieve fair pay?
Join PayScale as we discuss:
- What current protections exist for equal pay
- What is fair pay and why does it matter
- How do organizations really reward people fairly
Communicating Compensation: Gaining Executive SupportPayScale, Inc.
The best way to gain executive support for your compensation design is to develop a comp strategy that is aligned with the business goals of the organization, and then communicate that clearly with your executives.
Best Practices in Managing Employee TurnoverBambooHR
You spend too much time and energy to get the right people on your team to just stop worrying about them once they're on. This slideshare looks at employee turnover and how you can minimize it.
Presentation by Paul van Veen, Customer ServiceBenchmarking Australia (CSBA) at the Serve You Right Conference, Melbourne, September 15-16, 2011. Provides an overview of What to look for in customer service measures; The overall service improvement model; Customer satisfaction measures; Understand current performance; Key points for successful customer satisfaction measurement
Webinar - How to Implement a Data-Driven Compensation StrategyPayScale, Inc.
Join Payscale’s Chief Product Evangelist, Ruth Thomas; Director of Product Management - Data Products, Vicky Peakman; and Director of Data Science, Sara Hillenmeyer as they explore the intricacies of how to design and implement your compensation data strategy.
Webinar - Maximize the efficiency of your merit increase cyclePayScale, Inc.
Let us show you how Payscale Compensation Planning allows you to streamline collaboration, improve workflows, maximize salary budget, and manage pay equity in the pay increase process. It’s never been easier to bring people and technology together to equitably and efficiently reward employee performance.
Webinar - How to set pay ranges in the context of pay transparency legislationPayScale, Inc.
Join Payscale’s Chief Product Evangelist, Ruth Thomas; VP of Compensation Services, Kim Taylor; and Senior Corporate Attorney-Employment, Lulu Seikaly as they discuss how to approach and set salary ranges in the context of increased pay transparency.
Webinar - Payscale Innovation Unleashed: New features and data evolving the c...PayScale, Inc.
Join Payscale’s Brittany Innes, Senior Director of Product Management, and Brooke Grimes, Senior Director of Product Marketing as they discuss what’s new, and coming soon, within the Payfactors platform.
Webinar - How to Choose and Use Salary DataPayScale, Inc.
Join Payscale’s Chief Product Evangelist, Ruth Thomas; Director of Product Management - Data Products, Vicky Peakman; and Director of Data Science, Sara Hillenmeyer as they discuss different salary data sources and how to choose the best ones for you.
Webinar - Q2 2024: What’s New in MarketPayPayScale, Inc.
Join Payscale’s Brittany Innes, Senior Director of Product Management, and Brooke Grimes, Senior Director of Product Marketing as they discuss what’s new, and coming soon, within the MarketPay platform.
Webinar - Pay Transparency Legislation Series, Ep. 11: Best Practices RevealedPayScale, Inc.
Join Payscale’s Chief Product Evangelist, Ruth Thomas and Senior Corporate Attorney-Employment, Lulu Seikaly as they discuss the current landscape of pay transparency legislation and dig into exciting new data around how organizations are approaching it.
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6. Dallas & Houston vs.
National Trends
What is the PayScale Index?
• The PayScale Index measures the change in pay of employed workers over
time, and makes predictions about how national wages might change for the
next quarter
What specifically does the PayScale Index measure?
• The PayScale Index specifically measures the quarterly change in total cash
compensation of full time private industry employees
7. Five
1) Understand Your Labor Market
Compensation
2) Understand Your Jobs
Best Practices
3) Create a Competitive Strategy
4) Build a Structure
5) Pay for Performance
13. Understanding Your Jobs
• Work Gets More Specialized
• Hot Skills in Texas
• Not All Jobs Are Created Equal
• Hot Jobs in Texas
14.
15.
16. Hot Skills in Texas
Engineering
Other
Well Production Engineering
Precision Measurement
Drilling Engineering
Oil and Gas Formation Evaluation
Chemical Process Engineering
Reservoir Engineering
Distributed Control Systems (DCS)
Tungsten Inert Gas (TIG) Welding
Industrial Hydraulics
Loan Underwriting
Data Modeling
Financial
Financial Modeling
Statistical Analysis
18. Hot Jobs in Texas
Process Technician- 16.01%
Geologist- 15.33%
Technical Advisor- 13.96%
Chemical Operator– 13.62%
Cost Engineer–13.11%
Quality Assurance (QA)/Quality Control (QC)
Inspector– 12.68%
Occupational Therapy Assistant (OTA)– 12.52%
Pharmacy Technician, Lead– 12.02%
Production Operator–11.66%
Petroleum Geologist–11.40%
Project Control Specialist–10.93%
Health & Safety Engineer–10.79%
Physical Therapy Assistant–10.75%
% increase
year over
year
19. “The market” changes for each job
Software Developer Median Pay
Across Time for Texas
110.000
Sales Director Median Pay
Across Time for Texas
110.0
108.000
105.0
106.000
104.000
100.0
102.000
95.0
100.000
98.000
90.0
96.000
94.000
85.0
2011 2011 2011 2011 2012 2012 2012 2012 2013 2013 2013
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Software Developer
United States
2011 2011 2011 2011 2012 2012 2012 2012 2013 2013 2013
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Sales Director
United States
21. Why Have a Comp Strategy?
We asked thousands of HR and business leaders*
about their top challenges in compensation. They said:
1. Retain. They don’t want to risk losing employees by underpaying
them, or losing money by overpaying them
2. Attract. To compete for talent, job offers must match the market
and the unique factors driving pay for their jobs.
3. Motivate. Drive performance with strategies that reward top
performers while aligning with company goals.
4. Confidence. Having the science to back up decisions and
conversations with executives and employees.
Source: http://www.payscale.com/hr/compensation-practices-survey
22. Competitive Strategy
• Understand business goals
• Who is your market?
• How competitive do you want to be?
• What do you want to reward?
26. Build a Structure
• Let the structure guide your business forward
• Keep it current
• Decide what’s important for you
27. Advantages of Pay Structures
Provide alignment to business strategy
Clarify relative worth of the position internally & externally
Ensure fair pay (legally defensible)
Define a pay range for a position
Create clear career paths
Room to reward your employees based on
performance, tenure, etc.
30. Performance
Top people concerns among senior business
executives are:
o Creating a high-performance culture
o Leadership development
o Talent Management
o Training
31. Market
Trend:
Ongoing
Shift Toward
P4P
When crafting next years budget vs. this year the use of
Across the board increases down by 50%
Use of Variable Pay has increased 300%
Source: Hewitt Survey – U.S. Salary Increases 2009/2010 and Impact on Org Spend for 2010
34. Immediate Action
Elementary
•
Know your jobs
•
Have an understanding of the market
Intermediate
•
Discuss a compensation strategy with leadership
•
Know what you want to reward and what you value
•
Build guidelines that reflect a compensation strategy that works for your business
Advanced
•
Find new and creative ways to incorporate performance pay
•
Know how your pay practices stack up against your exact competition for talent
•
Communicate you pay strategy with management
•
Develop a strong compensation structure
36. PayScale Delivers Where Other Compensation Providers Fall Short
PayScale leads the world in compensation knowledge with the freshest and
most detailed data from over 40 million salary profiles. More than 3000
organizations use PayScale’s software and intelligence to get the greatest
return on their talent. Smart businesses use PayScale Insight to recruit, retain
and motivate their people.
Visit our blog: www.payscale.com/compensation-today
Join our Group on LinkedIN: Compensation Today: HR Best Practices
Zach Batson
Sales Manager
PayScale, Inc.
Karaka Leslie
Partnership Manager
PayScale, Inc.
www.payscale.com
Editor's Notes
Bio- ZachBio-Karaka HousekeepingYou are all on mutePlease type in Q&APollsSurvey at the end
Creator of the largest database of individual compensation profiles in the world, PayScale, Inc. provides an immediate and precise snapshot of current market salaries to employees and employers through its online tools and software. PayScale’s products are powered by innovative search and query algorithms that dynamically acquire, analyze and aggregate compensation information for millions of individuals in real time. Publisher of the quarterly PayScale IndexTM, PayScale's subscription software products for employers include PayScale MarketRateTMand PayScale InsightTM. Among PayScale's 2,500 corporate customers are organizations small and large across industries including Mozilla, Tully’s Coffee, Clemson University and the United States Postal Service.
KarakaPOLL #1-Are you currently working on making updates to your compensation plan?54% conduct market & compensation analysis in Q4 & Q1—time is now!
KarakaWhat is the CBPR?
KarakaReturn of raises:57% say they will give raises to at leasthalf of their workforce.Hiring:Companies plan to continue expanding in 2013.• Over 50% of organizations expect to increase in size in 2013. In last year’s survey, only 38% saidthey expected their workforce to increase in 2012.Only 5% of small companies, 9% of medium companies and 14% of large companies expect their organization to decreaseGreat sign of optimism returning…
KarakaWhat is the PayScale Index? Measures the change in wages of employed US workers revealing trends in compensation over time. Breaks it down by 20 largest metros, 15 industries, 19 job categories and small, medium and large company sizes. ZachLet’s look at some of the compensation trends PayScale tracks specifically how Dallas & Houston compares to the National trend.
KarakaWe will weave in trends as we go, from the CBPR
Zach
Zach-Compensation plan is only as good as the foundation it was created ondetermining your strategy for how to align yourself to the market-understanding your labor markets where you compete for talent- Not a question of what industry you are in, but where you compete
Zach-talk about story (shouldn’t we use TX jobs?)Understand who you are competing for talent withThis will not be the same for all jobsEXAMPLE: Chemical Engineer Understand what different industries/locations in the TX Market pay for Chemical EngineersA lot of assumptions that don’t always apply. Turns out Galveston with 350 EE’s pays the most.
ZachSupply and demand for laborCOLA doesn’t cut it anymorein TexasIs it ok to use Seattle Story here too?
Karaka
Karaka
KarakaWork gets more specialized…starting to see routine and manual tasks decrease and abstract tasks increase. This makes jobs more difficult to price and to understand their value in the market and to an organization. “Just as people in the early days of industrialization saw single jobs (such as a pin maker’s) transformed into many jobs (Adam Smith observed 18 separate steps in a pin factory), we will now see knowledge-worker jobs—salesperson, secretary, engineer—atomize into complex networks of people all over the world performing highly specialized tasks. Even job titles of recent vintage will soon strike us as quaint. “Software developer,” for example, already obscures the reality that often in a software project, different specialists are responsible for design, coding, and testing. And that is the simplest scenario.” The Big Idea: The Age of Hyperspecialization, Harvard Business Review, July 2011
Karaka--know the job and the market for those jobs --know what drives pay and what doesn’t-Skills, experience, certifications do matter for certain positions
KarakaThese are the skills that tend to cause median pay to increase the most in TexasFor those of you that are hiring for positions right now, any of the skills on this list ring a bell? If these skills are in such high demand for your positions, once you find the right candidate with those skills, you don’t want to pass them up. Making the right compensation offer is extremely important.
UPDATE Retaining talent-Telecommunications. Chemical Engineer—not just oil and gasCan’t put a finite $$ amount around skills. Must take into account other compensable factors. Some that we just mentioned, re: labor market factors and also the value that this position/employee brings to your organization.
These are the jobs that have experienced the highest relative median pay growth in the Texas area over the past two years.Constantly changing These are the type of positions that can significantly impact the business. What if finding that particular developer helps you develop new software that revolutionizes your business. Or, what if you find that sales manager who increases your revenue by 10% or more.Bill Gates is famous for saying that one great programmer is worth a 1,000 average programmers. These are the hot positions we are noting in our database now.
KarakaMicro at two different positions.3% doesn’t work.Luckily you don’t have deal in generalities anymore. There are data and tools out there to support you getting a solid understanding on your jobs and helping you be strategic when it comes to compensation.
Karaka-intro with trends on comp strategyOver 80% of respondents either have or are working on a formal compensation strategy.• The likelihood of having or working on a formal compensation strategy increases with company size.oo Small Companies: 74%oo Medium Companies: 85%oo Large Companies: 93%POLL #2-What is your top challenge as it relates to compensation:-Getting executive support-Attracting/hiring employees-Retaining employees/managing turnover-Communicating compensation plan to managers and employees
This is what business leaders care about. Don’t just talk about building a structure for your compensation plan. Talk about the strategy first. Zach-KarakaTo Begin, lets look at the top challenges an organization faces as they relate to compensation(Read Slide)
ZachWhat’s most important is building our a strategy that is right for your company and right for your areaThis starts with understanding your business and the competitive landscape for talent*Who is our marketNumbers vary widelyNot always who “you” are—might be a start but think about where you get the people you put into your organization, and who is hiring for those same peopleWhen and where in the organization do we need to choose different labor marketsKnow your competitive market and how you want to position yourselfWhat are you rewarding? (Performance, Tenure, etc.?)
In my experience, when working with HR professionals to help them understand and relate to other stakeholders in the organization the value of a compensation plan, it is important first to think of the benefit a smart compensation plan has on the overall business.Compensation spend in employee salaries tends to be one of, if not the single largest costs of doing business for most organizations (30-50% of revenues)With that large of an expense to the business, it is extremely important that it is managed appropriately.The results of managing compensation appropriately can be two fold: it can help you to avoid overpayment but it can also help you to grow and help recruit the best talent into your org. that might allow you to tap into a new market, resulting in new revenue to your business. Not having a compensation plan is like going out and buying a yacht or a house and not insuring that large personal expense.
Zach*Vary the strategy by dept*Talk with Sr. Leadership *Base this on the positions that are driving your business forward*Limited budget—need to focus on where we can let go and where we can be restricted*What challenges are you truly trying to solveKnow who/what you can compete with---(IPO, Stock offerings, PTO, Location, etc.)Set yourself apart- You have to be differentPrioritization 12 names in the drawer*
Zach-transition
KarakaDon’t risk losing your top performer for internal equityKnow who you can pay less so you can afford to overpay your top employees and crucial rolesRemember- EE’s will be unlikely to leave if they are already overpaidWhat are the fundamental issues you are trying to solve?What do you overall need--- Simple? More complex? Why?—Equity? Turnover? Growth?Building a structure is more complex than it used to be-Alright—you have a strategy…but what about…Unique peopleUnique skillsSpans of control changing
Karaka-discuss importance of structure
Karaka-trends Most companies have some sort of structure
Karaka
Karaka-read slide and say…Why? Because of the business need for“a relentless focus on innovation, productivity, growth and customer service.”Reasons:The main reason why most companies adjusted compensationwas “Performance-Based Pay Increases” (48%) and second was“Cost of Living Adjustments” (20%).
KarakaWhen crafting next years budget vs. this year the use of Across the board increases down by 50%Use of Variable Pay has increased 300%
Karaka
Zach
ZachEvery organization is in a different place Don’t let the absence of a (or outdated) plan, stall you from putting the building blocks in place to create a structureTO BEGIN-Understand your jobs and your market Who are your 12 names in the drawer? Where do you see turnover? Where do “ideal” candidates come from? Where do you lose candidates to?INTERMEDIATE- Use this information to form a structure and present ideas to leadership Reward what managers and executives value in employeesADVANCED- Tie pay and performance together Communicate that strategy with mgmt in a way they can communicate with employees Transparency is key