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A friend asked me why I am so deeply passionate about People Analytics? It was a very strange question because I had never actually thought …
The market for data, tools, and technology and the compensation profession are evolving. The technology market and the number of professional compensation roles are forecast …
Have you ever asked, “Why are we doing this?” and received the response, “That’s just how they do it?” A lot of companies have that …
I have presented at hundreds of venues to answer the big question: ‘What are analytics?’ Spoke to thousands of people about using data to understand …
Minimum wage has increased in Massachusetts and is $12.75/hour as of Jan 1st, 2020. It was the second yearly raise in a row since a …
Earning a PHR Certification is not very expensive compared to other HR Certifications, but it does require a significant amount of education and/or experience. Career …
We are constantly improving our award-winning CompAnalyst platform with new functionalities that are designed to help you get the right price, for the right job, …
Reports, analyses, and data visualizations are all important tools that can help you read, understand, interpret, and utilize data to make important pay decisions. The …
Creating compelling rewards packages for employees in hot jobs is one of the biggest challenges facing compensation and total rewards practitioners today. In today’s talent …
A salary comparison, also known as a wage comparison or pay comparison, is a comparison of the pay for two or more positions, either within …
Salary benchmarking, also called compensation benchmarking, is a process by which compensation professionals match internal jobs and their descriptions to similar jobs and descriptions in …
A salary benchmark job is defined as a job that is widespread across many industries. For example, Accountant is a benchmark job. Some companies may …
The purpose of a Total Compensation Statement, otherwise known as a Total Rewards Statement, is to make the employee realize the overall value of the …
A compensation analysis, also called salary analysis or pay analysis, is an organization-wide review of how your jobs are classified and compensated. Performing a compensation …
A salary grade scale is a pay format where employees are placed within a pay level based on their education and work experience. Each job …
Median and average salaries are both measures of central tendency or the “middle of the market” regarding compensation. Many organizations target employee pay at either …
In today’s war for talent, an increasing number of organizations are leveraging performance-based compensation plans, like bonuses and merit increases, to reward top employees. Research …
Compensation decisions have a major impact on business success, from influencing employee engagement, productivity, recruitment, and retention to affecting profitability and compliance. With so much …