While 70 percent of companies consider achieving pay equity as critical to their business success, only five percent are getting it right. That’s according to a new report from the Josh Bersin Company, commissioned by Salary.com. Ninety-five percent of the 448 surveyed companies are also not demonstrating high maturity when it comes to pay equity. “These companies either ignore the topic altogether (until a legal, compliance, or reputational risk looms), or approach it as a sporadic project aimed at identifying issues and then dismissing them as isolated incidents, only to find themselves in t... view blog & white papers details

While 70 percent of companies consider achieving pay equity as critical to their business success, only five percent are getting it right. That’s according to a new report from the Josh Bersin Company, commissioned by Salary.com. Ninety-five percent of the 448 surveyed companies are also not demonstrating high maturity when it comes to pay equity. “These companies either ignore the topic altogether (until a legal, compliance, or reputational risk looms), or approach it as a sporadic project aimed at identifying issues and then dismissing them as isolated incidents, only to find themselves in t... view blog & white papers details

Money matters. But it isn't everything, even in compensation. While wages are an essential part of the employment relationship, understanding how all the elements of a compensation package go together is how you design a compensation strategy that attracts and retains great people. What is a Total Compensation Package? There are two main types of compensation, direct and indirect. Most people think about them as wages and benefits. Direct compensation includes base pay, merit pay, incentives, and bonuses. Indirect compensation includes employee benefits like health, life, and disability insu... view blog & white papers details

Attracting and retaining top talent is one of the key goals that organizations have. There are a variety of ways to do this successfully. One of these methods is to implement an employee benefit plan into your total rewards strategy. An employee benefit plan is a key tool that can make your organization competitive in the job market. The landscape of employee benefits is changing, however, which means that organizations need to review their employee benefit plan and total rewards strategy. Let's begin though by looking at what an employee benefit plan is. What Is an Employee Benefit Plan? An ... view blog & white papers details

Are you trying to figure out what benefits you have to offer your employees by law? Health, retirement, and family medical leave can make tracking legally required benefits overwhelming. Where do you even start? How do you determine what you're required to provide? How much is it going to cost you? Don't worry; we've got you covered. This guide explains each legally required benefit, what the laws require, and how to stay compliant. Read to know your employer's responsibilities and have a plan to provide competitive, legal benefits to your employees. Understanding Why Legally Required Benefits... view blog & white papers details

Caitlin MacGregor is the CEO and Co-founder of Plum, a robust talent assessment platform that is revolutionizing how organizations manage talent. Caitlin is passionate about helping people realize their full potential and about helping companies see beyond resumes to understand what their employees are truly capable of achieving. In this episode, Caitlin talks about psychometric data, what it is, and how it can be a game-changer for companies looking to add innovative talent to their teams. September 2, 2021 Time Stamps Contact Info Resources Quick Quotes Full Transcript Introdu... view blog & white papers details

Steve Brink has always had a passion for HR technology and data analytics. Early in his career, he was involved in creating a job evaluation software tool and the first PC-based compensation planning tool, called Compensation Workbench, released in 1987. He then went on to work at Towers Perrin and Mercer where he continue to develop and improve software tools. Most recently, he's left his role as CEO of AIRINC to become President of uFlexReward. April 07, 2022 Time Stamps Contact Info Resources Quick Quotes Full Transcript Introduction Welcome, Steve! Today's Topic: Personaliz... view blog & white papers details

Employee benefits are an essential part of a competitive compensation package. Health benefits are the most common perks employees get, and a vision plan is part of it. But most of the time, employees overlooked their vision plan. Vision plans can be confusing if you've never had one before. No worries; we've got you covered. This article will go through the basics of vision plans like copays, eye exams, eye care, and coverage for glasses and contacts. Plus, we'll give you some tips on comparing plans and finding one that fits your budget. What Is a Vision Plan and How Do the Benefits Work? A ... view blog & white papers details

One of the best ways to show employees that a company care is through a competitive employee benefits package. These benefits are key to both attracting and keeping top talent. But how does a company craft an employee benefits package that will make them excited to come to work each day? This article will discuss how to develop a competitive benefits package and keep employees productive and loyal for the long haul. Understanding the Importance of a Strong Benefits Package As an employer, one of the most impactful things to do is offer a competitive employee benefits package. Start by offerin... view blog & white papers details

Understanding your medical plan can be confusing, but it doesn't have to be. By learning some basics about how it works, you can use your benefits with confidence. This article will explain the coverage, cost calculation, and how to avoid surprise medical bills. You will also learn how to save money on healthcare and keep track of your coverage throughout the year. With the right knowledge and tools, you can make the most of your medical plan and take control of your health. What Is a Medical Plan? A medical plan is a type of health insurance that helps cover the costs of your medical expenses... view blog & white papers details