Despite mergers and acquisitions within and by the large survey houses over the years, there is much more data available today than there was a decade ago.  With advances in ERP, HRIS and payroll software applications, HR and compensation professionals can easily extract files and submit data to survey vendors quicker than ever before. Survey vendors have also improved in several ways by utilizing software and artificial intelligence in mapping, collecting, validating, and reporting large data sets.  This frees up more time for the human interaction to follow up and directly service participan... view blog & white papers details

Young employees are usually the most involved in a company. Their energy and excitement can help push the organization ahead. But they have the tendency to easily get bored or unhappy with their jobs. Managers need to work hard to support and challenge millennial and Gen Z team members. But how? Keep reading to learn some practical tips to keep young employees engaged and committed to your company's success. With smart strategies, you can keep talented newbies and boost their productivity in the most effective way. Offer Meaningful Work Compared to tenured employees, young employees are still ... view blog & white papers details

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 at stake, it’s important to ensure the right comp tools are in place to help with decision-making in your organization. In the Salary.com Pay Practices and Compensation Strategy Survey Results report, participants cited a number of resources and comp tools used to manage and maintain their organization’s compensation programs. Among the most popular were visual analytics and reporting and survey ma... view blog & white papers details

Compensation managers are tremendously valuable to any business. Employee salary and benefit expenses typically represent 40% to 80% of an organization’s gross revenues, and comp managers manage every penny of the process. Their work impacts productivity and is faster than a speeding budget. Some say they can leap office buildings in a single bound! Compensation Managers Save the Universe The Bureau of Labor Statistics states that compensation and benefits managers plan, develop, and oversee programs to compensate employees. While accurate at a simplistic level, the impacts of compensation wor... view blog & white papers details

During a recession, businesses and people face tough times as it means less money coming in, more going out, and financial uncertainty. But there are smart ways to spend less and stay stable. This guide shares simple ways for businesses to cut costs during tough economic times, so they can remain secure and ready for better days ahead. Understanding the Importance of Cost-Cutting Cost cutting is important during a recession. It helps businesses handle money better, ease financial pressure, and stay strong against compe... view blog & white papers details

Companies are increasingly looking at a key metric called "revenue per employee" or RPE to gauge their overall productivity and efficiency. This nifty little number can reveal a lot about a business's health and competitiveness. But what exactly is it, and why must businesses care? This article will dive into what revenue per employee is, how to crunch those numbers and why it matters for everyone from entry-level workers to C-suite executives. What is Revenue Per Employee and Why Calculate It? Revenue per employee is a key metric used to see how efficiently a company uses its workforce to gen... view blog & white papers details

Creating a solid compensation plan helps attract, retain, and motivate employees. And to successfully do this, the first step is choosing the right data sources to base compensation decisions on. Consider a medium-sized tech company that faced high turnover and low employee morale a few years back. They realized their pay plan was not keeping up because it was not competitive enough. After getting advice from data experts and using both traditional surveys and crowdsourced data, they revamped their pay strategy. This new approach helped them cut turnover by 20% and greatly improve employee... view blog & white papers details

Startup companies are becoming increasingly important in different fields, so knowing about compensation trends is important. Leaders in up-to-date pay data, such as Salary.com, are changing how businesses deal with the tricky area of startup pay. By having current information about pay trends, startups can design their pay packages to match what others in the industry are doing and meet the changing needs of their employees. This article will look at how having real-time compensation data is changing startup businesses. It will also discuss its impact on decision-making, market flexibilit... view blog & white papers details

Are you someone who is always curious about what the future holds, especially when it comes to the workplace? Well, listen up, because you are about to dive into the top workplace trends to watch for in 2024. From new tech and tools to updated policies and benefits, companies will be shifting gears in major ways. Get ready to soak up insights on where corporate culture goes. Learn how to break down changes around remote and hybrid work, sustainability goals, and more. You will get the inside scoop on how leaders plan to attract and retain talent. Workplace trends are taking an exciting turn, s... view blog & white papers details

In today's evolving business world, staying ahead is crucial for success. One area that is important is Human Resources (HR), which manages the company's workforce. As technology changes how businesses work, HR strategies need to change too. This article will talk about the three signs that it is time for a Human Resources digital transformation. Understanding these is vital for companies that want to do well in the digital age. Look at these key indicators and see how using digital tools can make HR better and help companies grow. Explaining the Shift to Digital HR Human Resources Digital Tra... view blog & white papers details