Starting a company can be exciting, but it also presents a fair share of challenges. One of the biggest hurdles is setting the appropriate pay for the first engineer who joins the fledgling startup. They are taking a huge risk by jumping aboard, so they will want something that reflects that. However, it is also vital to consider what is fair for the founders who got the ball rolling in the first place. Balancing pay, equity, and title for that first technical hire requires a deep understanding of everyone's contributions. It also involves setting expectations upfront. Having a good grasp of s... view blog & white papers details

When it comes to understanding salary benchmarking data, you need to research its processes comprehensively. In today's job market, understanding trends relating to compensation can give you the advantage of attracting and retaining talent. With salary benchmarking data, you can see how your organization's pay practices stack up against others. In this article, we will first look at how you can understand salary benchmarking data. Following this we will outline how a hypothetical company can use salary benchmarking for a software engineer role. Without further ado, let's begin. Understanding S... view blog & white papers details

The new revenue recognition standards ASC 606 and IFRS 15 are creating massive headaches for sales leaders. Compliance with these standards requires changes to how companies calculate and pay the sales teams. The thought of revamping their sales pay plans to meet ASC 606 and IFRS 15 requirements is daunting. But it does not have to be. With the right approach and resources, companies can update their pay plans without disrupting processes or demotivating their sales teams. The key is to understand the impact of ASC 606 and IFRS 15 on sales pay, identify necessary changes, and implement them sy... view blog & white papers details

Technical skills are critical to progressing in a career. Creating an inventory of technical skills is important It helps employees see what they are good at, spot any gaps to improve, and gives concrete details to share with their manager or use in their next job search. Understanding Technical Skills Technical skills refer to the abilities and knowledge an employee needs to perform specific tasks.  They include skills relating to mechanical or digital technologies. Showing technical skills helps in career development and planning. To build an inventory of technical skills, list technologies... view blog & white papers details

Are you familiar with the phrase "hire for skills, not for experience"? Skills and competencies are at the today. With the ongoing labor shortage and rapid shifts in the way we work, our attitude towards these attributes is changing. Employers and employees alike agree that skills development is one of the most important practices in a workplace. Though often used interchangeably, they are different. Skills are the specific abilities and proficiencies that someone has that allow them to perform certain tasks. Competencies, on the other hand, are the behaviors and mindsets that enable that per... view blog & white papers details

In talent management, the distinction between skills vs competencies is significant. Often used interchangeably, these terms possess unique nuances. Knowing the difference between skills vs competencies shapes how organizations recruit, develop, and retain their workforce. Skills refer to specific abilities acquired through training and experience. Competencies encompass a broader spectrum of behaviors and knowledge crucial for success in a role. This article explains the intricacies of skills vs competencies. It shows how a deep understanding of skills vs competencies can revolutionize talent... view blog & white papers details

California's new salary transparency law has passed, with big implications for businesses both inside, and even outside, California. The time to prepare is now, with employers required to comply starting January 1, 2023. In this session, our experts answered these questions and more: - What are the reporting and record retention requirements? - What are the requirements if you're headquartered out of state, but you're employing California residents? - Does this law expand to contract workers? Given that California is one of the world's largest economies and home to many of the nation's largest... view blog & white papers details

The new ASC 606 revenue rules are causing finance teams to rush to update processes. And it is affecting sales compensation plans as well. Adapting to ASC 606 can be tough, but it does not need to be stressful. This article offers tips for an easy transition. Even when ASC 606 seems complicated, these tricks will help you master sales compliance in no time. What Is ASC 606 Compliance ASC 606 or the Accounting Standards Codification, is the new revenue recognition standard that took effect in 2018. ASC 606 is a detailed set of rules made by the Financial Accounting Standards Board (FASB). ASC 6... view blog & white papers details

Welcome to the Get Pay Right podcast! California has joined a growing list of states that have enacted pay transparency legislation, leaving many companies grappling with how to comply. This new pay transparency law brings with it many questions, from what the reporting requirements look like, to how it impacts contractors, to how to address the inevitable questions about pay from current employees. Host Kevin Plunkett and guests Ashley Hoffman, Policy Advocate at the California Chamber of Commerce and Salary.com's Garry Straker answer these questions and more. With more states moving to pass ... view blog & white papers details

Shubh Sidhu is the VP of Growth at ZayZoon, an employee financial wellness company whose core service offering is "wages on-demand" (i.e., what the industry now calls early wage access). ZayZoon was an opportunity that Shubh was passionate about both because it had a potential for significant growth and (more importantly) because it was an opportunity to give people a solution to some of their biggest challenges. Shubh's focuses on building scalable, optimized growth engines and develop the careers of people he gets to work with. In this episode, Shubh talks about how earned wage access affect... view blog & white papers details