May Compensation Trends 2018: 10 Articles Worth the Read

by Kara Deyermenjian - May 31, 2018
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Welcome to the fifth edition of the “compensation corral” – a monthly round-up summarizing 10 topically relevant articles in the space. The European Union (EU) General Data Protection Regulation (GDPR) went into effect on May 25, 2018 and warranted a lot of chatter in the working world – including within the HR industry. Compliance, salary history inquiry bans, and Artificial Intelligent (AI) also continued to dominate much of the conversation this month.

Here’s the top 10 articles we feel are worth the click:

1) Tips to Ensure Your Comp Plan Is Compliant with the Law

When designing, implementing, and administering a comprehensive pay plan, it’s not just the employer and employee(s) who must agree that the arrangement is fair. The government – both federal and state – have a seat at the table in deciding what is equitable, and it’s important to comply with applicable laws or risk facing pricey penalties.

Need a refresher course on some federal and local labor laws to be mindful of? Our blog post can help you review the basics.

2) 2018 Job Seeker Nation Study

The 2018 Job Seeker Nation Study surveyed 1,500 American job seekers and examined the relationship between recruiters and candidates, the expectations on both sides, and what a successful hiring journey looks like. In summary, findings suggest there are new standards, worries, and goals for both job seekers and employers.

Dig deeper into the findings of the 2018 Job Seeker Nation Study.

3) Court: Philly Salary History Ban Violates Free Speech, but Firms Can't Use Data to Underpay

In a lawsuit against the city, U.S. District Judge Mitchell S. Goldberg has ruled that Philadelphia’s ban on employers obliging job candidates to disclose their past salaries violates First Amendment free speech guarantees. The judge, however, did agree that the city could stop employers from using salary history to set staff pay, if it means they’ll collect less than others with similar work history and responsibilities.

Read more about this case and the constitutionality of the salary history inquiry ban.

4) Why You Need to Pay Attention to Gen X Leaders

Though Gen Xers are often overlooked and overshadowed by the larger generations that came before and after them, they have some unique leadership attributes and their influence is growing in the working world.

Learn more about how this group’s cross-generational strengths are impacting the workforce.

5) GDPR Says Companies Must Have a Data Privacy Officer. Who Should That Be?

U.S. employers that must comply with the European Union (EU) General Data Protection Regulation are also required to appoint a data protection officer and issue a notification within 72 hours upon discovery of a qualifying breach. The appointment of the data protection officer only applies if a business is engaged in large-scale data processing, but there is no real guidance on what that means, according to Philip Yannella, an attorney with Ballard Spahr in Philadelphia.

Read more about the requirements of GDPR.

6) 2018 Tech Recruiting Report

HackerRank surveyed nearly 1,000 technical recruiters and hiring managers to understand the biggest priorities, pain points, and opportunities when it comes to hiring software developers. Among other findings, it was discovered that regardless of company size or role, both hiring managers and recruiters say that finding qualified candidates is the most difficult and time-consuming part of tech hiring.

Check out more of HackerRank’s findings.

7) Employee Turnover: Calculating the Real Cost

There’s always a slew of numbers floating around the internet claiming to represent the amount of money companies lose when one of their employees quits. While there’s no doubt turnover is extremely pricey, the actual money lost is going to vary depending on data points unique to your organization.

Find out the real cost of employee turnover as it relates to your organization.

8) Skill Shift Automation and the Future of the Workforce

Automation and AI are changing how we work. According to McKinsey Global Institute, new research suggests automation is sparking a shift in demand for workforce skills and how work is organized within companies.

Learn more about how demand for workforce skills is shifting due to automation.

9) State of California: Labor and Workforce Development Agency Announces Record Number of Apprentices

California Labor and Workforce Development Agency Secretary David M. Lanier announced that there are nearly 82,000 active apprentices in California, and the state is on track to reach 100,000 by the end of 2020. This is the highest number in the 79-year history of formal apprenticeship job training in California.

Read more about how California is strengthening apprenticeship opportunities in the state.

10) Employees Who Use Social Media for Work Are More Engaged — but Also More Likely to Leave Their Jobs

In a new study, Harvard Business Review found that employees using social media were more likely to be engaged at work, but they are also more likely to leave an organization. When it comes to engagement, social media users tend to be more motivated and come up with creative ideas, but they are also more likely to engage with potential new employers than their less social peers.

Read more about what the study uncovered, and how these finding present quite the conundrum for employers.

Thanks for reading. Enjoy a trip down memory lane by checking out April’s compensation corral.

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