Upskilling and reskilling employees should be a primary concern for employers today. In LinkedIn’s 2023 Workforce Learning Report, 89% of learning and development pros agreed that proactively building employee skills will help navigate the evolving future of work. Developing the skills of existing employees can benefit your organization in more ways than one, and technology will help you do it. It’s in your best interest to invest in software and adapt to tech advancements when training your employees. If you don’t offer growth opportunities, your organization risks seeing a decrease in engage... view blog & white papers details

In a volatile and uncertain labor environment, it is important to make decisions based on facts and backed up by data.  For compensation and HR professionals there is no better or more trusted data available than employer reported salary survey data. In our five-part series, “Salary Surveys 20|20” we are providing a broad view of why you should consider salary surveys even now. In this post we highlight some things to look for, avoid, and be wary of when choosing a survey partner: Look for… Effective dates.To comply with DOJ/FTC Safe Harbor Guidelines, survey data should be published at least ... view blog & white papers details

Fairness and equity are key to ensuring your employees feel supported and encourage productivity in your workplace. When you don’t value these, you allow toxic work culture to cultivate. This will increase absenteeism, reduce productivity, and ultimately, push workers to leave. Ensuring fair and equitable pay demonstrates that you respect the needs of your employees and don’t discriminate. Importantly, it’s also helping you meet your legal obligations on equal pay. So, how do achieve such pay practices? We’ve broken it down into 10 steps. Step 1. Understand Compensation Research To guide your ... view blog & white papers details

Internal equity isn’t a one-and-done exercise. It requires comprehensive solutions to what’s happening externally and internally at your organization. At Salary.com, we want to ensure that people are getting paid fairly. This is no longer an annual review process. It’s something that needs to be happening all the time in your organization. So why does internal equity matter? Employees are demanding it. There are state and federal pay equity laws. It’s the right thing to do. Today, you need to look at your employees and decide what jobs have comparable worth because they’re doing comparable wor... view blog & white papers details

Strategic thinking that allows your organization to remain competitive in the long run requires understanding the market through compensation research. But each industry, position, and location have its own considerations. Staying up-to-date requires proactive wide-scale research on a regular basis to ensure your data is relevant and offers the best insights. Read on for our tips on how to conduct your market compensation research for each job in your organization. We’ll also explain how to use this information to make the best compensation decisions. The Importance of Compensation Market Rese... view blog & white papers details

What are Salary Structures, and Why We Use Them? A Salary Structure is an organized, hierarchical method to manage, understand, and interpret pay data.​ Salary structures help you ensure that all employees are compensated fairly, no matter their role or department.​ Benefits Managing Total Cash Compensation (TCC) Salary Structures can take account of bonuses, commissions, or other factors that make up TCC.​ Scenario Analysis Salary Structures enable the creation of models to experiment with different compensation strategies. This helps you find the best approach for your organization.​ HR Beco... view blog & white papers details

The standard full-time employee works 40 hours per week between 8 am—5 pm. However, many businesses operate outside of these hours. Some must provide customer service at unusual hours or operate during holidays. Though it’s not mandatory, employees working abnormal hours will be much more likely to agree to them if employers offer incentives. Shift differential is your answer. Defining Shift Differential Shift differential is additional employee compensation based on working hours outside of the regular schedule. Examples of outside hours include overnight, weekends, or holidays. This bonus pa... view blog & white papers details

Any success-oriented businessperson is curious about this essential question: ‘What tools do I need to get pay right?’ Technology products are an important performance enhancer for compensation professionals. High-performing companies are more likely to rely on one. But is having a dedicated compensation system really that significant? If you're getting by just using spreadsheets - or doing nothing - why sink time and money into a new system? Is it really that big of a deal? Is it worth the effort to get pay right? The results of a recent research report from Lighthouse Research & Advisory rev... view blog & white papers details

Have you ever heard of the term core competencies? If you ask employers and human resources (HR) professionals about "what are core competencies," they define this concept as the assets and abilities that comprise the strategic advantages of a business. To better understand this term, this article will explain the definition, importance, and roles of core competencies. What are Core Competencies? Importance of Learning When discussing “what are core competencies,” there are significant elements involved. These consist of capabilities, resources, skills, and attributes. Learning and understandi... view blog & white papers details

When discussing employee qualifications in the workplace, the terms "competency" and "skill" are often used interchangeably. Competencies are broader and encompass skills, knowledge, behaviors, and attitudes. Skills are specific abilities used to perform a task or achieve a goal. This differentiation between competency vs skill is significant when employers are recruiting, assessing, and developing talent. This article helps in grasping the nuanced differences that define competency vs skill and recognize their unique importance. Competency vs Skill: Key Differences Understanding the nuanced i... view blog & white papers details