What is AI’s Role in Compensation?
Artificial intelligence (AI) refers to computer systems that can perform tasks typically requiring human intelligence, such as understanding natural language, recognizing patterns, making...
Salary.com Webinar: 4 Ways to Avoid Painful Turnover in 2024
Join Salary.com's VP of Comp Management, Jamie Davis, and Solutions Consultant, Alden Aikins, for the webinar, 4 Ways to Avoid Painful Turnover in 2024, where we dive into the critical...
Getting your managers in the right compensation mindset
An HR pro I know said, “The task is easy, it’s the people that are difficult.” In the case of compensation, the difficult people are probably managers who don’t spend much time thinking about...
How Reward Can Make Good Use of The People Analytics Team
If you’ve been in the HR space these past few years, you’ve probably heard about the industry’s new golden calf: people analytics, the data-driven method of studying people processes, functions, and...
The Skilled Compensation Shortage No One Is Talking About
I often encounter individuals eager to embark on a career in Human Resources (HR). Regrettably, very few express a desire to specialize in compensation. This lack of interest makes it challenging...
Compensation Pros Should Become Experts in Measuring Performance
Let me know if I’m being presumptuous, but it seems to me that compensation pros get stuck doing an awful lot of repetitive manual tasks. The touted solution to such toil is usually this: use a...
Nobody’s Perfect: What to Compromise When Choosing an HR Software Solution
As companies evolve, they follow a natural inclination to acquire new technologies that can streamline their processes and support organizational growth. At the heart of these technological...
Compensation Data and The HR Suite: Understanding Data Management in HR Software Solutions
Compensation planners know that every decision made about incentive programs, benefits packages, variable pay structures, and stock option compensation is informed by one essential asset: data. Lots...
Why Compensation Planning Needs Comprehensive Service
Important Considerations When Choosing a Compensation Module One thing remains true in the marketplace of services: people don’t remember how crucial customer service is until they receive a...
Generous Caregiving Benefits Boost Engagement and Retention
COMP NEWS - One company is proving that generous benefits can help boost employee engagement and retention. GuideWell, a health insurance company out of Florida, is offering a unique PTO plan for employees needing to support immediate family members suffering from...
Samsung Workers Rally For Strike Over Benefits, Pay
COMP NEWS - Samsung employees in South Korea are currently on strike for better working conditions, arguing that the companies astounding increases in revenue have not been distributed among the workers. Samsung employees striking for better working conditions and...
Junior Bankers Are Not Hopeful About Their 2024 Analyst Bonuses
COMP NEWS - The last couple of years have been wild for banker bonuses, with compensation sharply dropping and rebounding based on variances in quarterly profits at major banks. Financial analysts fear that 2024 will not be kind to junior bankers, with many believing...
Sam Altman’s Basic-Income Study Is Out. Here’s What It Found.
COMP NEWS - A highly-anticipated basic-income study lead by Sam Altman, a central architect of ChatGPT, has been released. The results indicate that basic-income serves to increase access to essential life needs like housing and food. The results are in for Sam...
China Factory Owner Distributes $1 Million Demolition Payout Among 406 workers
COMP NEWS - A factory owner in china has chosen to distribute a bonus of $1 million to all current and previous employees. A company boss in China has shared a payout of nearly 8 million yuan (US$1 million) to more than 400 former employees even though his factory had...
42% of Employee Turnover Is Preventable but Often Ignored
COMP NEWS - A new survey indicates that employee turnover risk is at its highest point in nearly a decade, with more than half of U.S. employees actively seeking new work. Self-reported employee turnover risk is at its highest point since 2015. Gallup’s latest...
Sharp Rise in Base Pay Sends Delivery Worker Earnings Soar in NYC
COMP NEWS - Delivery workers in NYC have seen their total earnings jump more than 20% in the first quarter of 2024 following legislation that began enforcing a $17.96 wage for delivery workers. New York City’s app-based delivery workers saw total weekly earnings...
Goldman Sachs Boosts Banker Pay and Bonuses Following Surging Profits
COMP NEWS - Goldman Sachs is increasing its bankers pay and bonuses after the company's profits soared in the second quarter of 2024. Goldman Sachs has increased banker pay including bonuses by 17% after profits more than doubled in the second quarter, following a...
Pay Transparency Laws Continue to Impact Job Postings and Salary Discussions
COMP NEWS - More than a dozen states have launched various pay transparency laws, which have mandated the disclosure of pay scales. A dozen states have enacted pay transparency laws, which require employers to be more open about wages and benefits. Those laws will...
Ohio Travel Nurses Make 50% More Than Average Nursing Wages
COMP NEWS - Travel nursing is a lucrative venture that pays high wages. Unfortunately, local nursing pays much less, causing hospitals to struggle with retaining talent while paying exorbitant costs for temporary coverage. In Ohio, travel nurses earn $2,568 per week,...
Wisconsin Public University Leaders to Get Compensation Bonuses Based on Retention Goals
COMP NEWS - Wisconsin is planning to give public university leaders compensation bonuses if those universities can meet new retention rates. Most chancellors of Wisconsin’s state universities will receive annual bonuses of up to 15% of their base salaries if their...
1 in 3 Companies Have No Pay Equity Strategy, According to Survey
COMP NEWS - Roughly one in three companies surveyed have no pay equity strategy, according to a new survey. Although more companies say they’re striving for pay equity and transparency, about 34% still don’t have a pay equity strategy in place, according to a June 27...
Unions are Growing More Popular Among Hourly Wage Workers
COMP NEWS - Hourly wage workers are increasingly dissatisfied with their pay, leading to an increasing interest in unionization, according to a recent survey. Between the lack of flexibility and low wages, hourly workers seem to get the short end of the stick in the...
Public Sector Hiring Heats Up as Private Job Growth Cools
COMP NEWS - Private job growth slowed last month, even as public sector hiring rose. U.S. states and cities added about 65,000 jobs last month, pushing their combined payrolls far above pre-pandemic levels in a trend that contrasts with a slowing private-sector...
