Compensation

Jobs Grow by 156K in December; Wages Take Jump

Ending the year much as it began, employers hired a modest 156,000 new workers in December, bringing the total for 2016 to 2.16 million new jobs. In 2015, employers added 2.74 million. While this morning’s jobs estimate from the Labor Department came in lower than the 180,000 analysts in a Bloomberg survey were…

Wages Jump As Jobs Grew Modestly In December

Ending the year much as it began, employers hired a modest 156,000 new workers in December, bringing the total for 2016 to 2.16 million new jobs. In 2015, employers added 2.74 million. While this morning’s jobs estimate from the Labor Department came in lower than the 180,000 analysts in a Bloomberg survey were…

What to Like (and not) About LinkedIn Salary

Earlier this month, LinkedIn introduced LinkedIn Salary for users in the U.S., UK, and Canada (rollout to the rest of the world is expected in 2017). The crowdsourced salary database — which places LinkedIn squarely in Glassdoor’s neighborhood — enables Premium members to access compensation information without sharing their own data, while free…

Budgeting Comp For a Blended Workforce

One of the key missions of a CHRO (or those who want to become CHROs) is to create a compensation plan. This has become increasingly complicated and dependent on other departments (like procurement) as the workforce has drifted to a more contingent/permanent blend. With 51% of employers saying their need for contingent workers…

How to Decide Comp In A Continuous Feedback Workplace

Now that your company has started giving more frequent feedback, you may be wondering how this new system will impact compensation and promotion decisions. You may be inclined to directly use the information collected, as you did with your annual performance reviews. However, this could have negative consequences for your new feedback culture….

You’ll Be Better Off Talking to Them About Pay

It’s time to bring compensation into the modern era. Companies are successful when they make their organization a place where the best people want to work. As a result, HR leaders need to develop compensation programs that embrace this idea. Today, we find ourselves in an incredibly tight talent market. Unemployment is just…

What You Can Do About Shrinking Take Home Pay

Big companies. Small companies. Private. Public. For-profit. Nonprofit. Manufacturers. Tech shops. Banks. Hospitals. Retailers. You name it. They all want to do right by their employees. To be a place people want to work. To support work-life balance. To pay a fair, living wage wherever possible. As a provider of employee discount programs,…

How to Link Pay to Performance When You’ve Eliminated Reviews

Performance management is definitely undergoing a midlife crisis; it’s time for it to reinvent itself. For the past few HR and compensation conferences I’ve attended, the question has been heavy in the air: what are you doing about your performance process? Most agree that the processes are slow and cumbersome, out of date, ineffective, broken….

Selling Your Comp Plan the FAB Way

How are great salespeople able to seamlessly turn every one of your concerns into a demonstration of the prowess of their product? Are they really just that convincing or is there some type of method to their success? The best salespeople personalize every discussion. The trick is years of practicing a simple process…

Some Simple Steps “Traditional” Employers Can Take to Modernize Their Pay Practices

At PayScale, we strive to help all kinds of organizations embrace modern compensation practices to engage their workforce and drive results. Even employers that think of themselves as more “traditional” than “modern” can take a few steps in this direction, and the good news is that you don’t necessarily have to spend a…

Should Handling Employee Benefits Be Handled by HR?

I have been having a debate with myself. It’s becoming both annoying and non-productive. So I thought I would invite you all into the dialogue. As I speak and write about how HR can become a business accelerator, one of the biggest obstacles is time. HR has such a full plate, that we…

Salary Histories: It’s an Artificial Barrier That Too Many Companies Put Up

The first words out of most people’s mouths when I call them about a job are usually “what’s it pay?” And, if their first question is about pay, then that must mean money is their main motivation to change jobs. Right? It is more likely that candidates are tired of spending time talking…

How California’s Equal Pay Law Affects All Employers

What is being called the strongest equal pay law in the country goes into effect in California in a month, but its impact is already being felt, and not just in the Golden State. With a stroke of his pen last month, Governor Jerry Brown approved a law requiring employers to pay equal…

Compensation Will Be Just Fine Without Your Dysfunctional Performance Appraisals

I have been calling for the death of traditional, scored performance appraisals for a long time. Today, there is a chorus of voices singing this same hymn. But, despite there being pretty clear evidence that this practice is fatally flawed, most companies persist, leaving their employees and managers to suffer from HR’s version…

Gravity Payments Proves That Paying Everyone Equally Is an Equally Bad Idea

Many of you may have read about Gravity Payments, the company in Seattle with the magnanimous CEO who decided to do the right thing. In April, CEO Dan Price (and that’s a great name for a comp article) decided to cut his own pay from $1 million to $70,000 annually and use the…

Despite What the Pope Says, Proportional Pay is Still Not Required in the U.S.

Since Pope Francis added his voice in protest about about gender based pay differentials after Equal Pay Day, maybe this is a good time to revisit the status quo. Current American federal law only compels equal pay for practically identical work. The usually highly imbalanced disproportional pay to protected classes is the big “hidden”…