When setting compensation, it can be tricky to know where to set the pay bands. Companies may want to offer competitive salaries to attract top talent, but they also cannot spend recklessly. Striking the right balance requires savvy use of market data. This article explores how HR leaders can use real-time salary insights to build smart compensation bands. With the right data and methods, companies can set pay bands that help land their dream hires without blowing the budget. They can look at market rates, adjust to specific needs, and update pay bands regularly. Learn insider tips to build ba... view blog & white papers details

Companies and employees need to keep up with new technology and skills to stay competitive and employed. Employee upskilling means teaching existing employees new skills to improve their current roles or prepare for new ones. This practice benefits companies by increasing productivity, innovation, and employee retention. For employees, learning new skills through employee upskilling can lead to higher pay, job security, and a more interesting career. Read on and discover the importance of employee upskilling, how to create effective employee upskilling programs, and the benefits it brings for ... view blog & white papers details

Hiring new people can be stressful and time-consuming. The entire hiring process is a big task that takes up a lot of resources. It involves posting job ads, reviewing resumes, conducting interviews, and evaluating candidates multiple times before making an offer. What if there is a way to simplify and speed up hiring using technology? Automated recruitment uses algorithms and AI (artificial intelligence) to perform repetitive and time-consuming hiring processes. Read on to learn more about automated recruitment and how it streamlines the hiring and recruitment processes today. How Automated R... view blog & white papers details

When sales team constantly hits targets, your company is doing great. But what happens when top performers suddenly stop hitting the quotas? Or the newbies not picking up the pace as fast as you hoped? It may be time to revisit your incentive compensation plan. Instead of going for a one-size-fits-all deal, try tossing in multiple incentive compensation plans tailored for different parts of your sales team. It can bring back the spark, boost motivation, and send those numbers in the right direction again. Keep reading to find out when it is time to change your incentive compensation plan. With... view blog & white papers details

Talent management systems (TMS) are crucial tools for any human resources department. These tools promise to help companies draw, develop, and keep top talent. Only a few are familiar with what is a talent management system and how it works. This article explores interesting details about talent management systems. This can help HR professionals looking to gain a deeper insight into what is a talent management system. Newcomers exploring options for talent management solutions can discover beneficial information they can use for their advantage. What Is a Talent Management System? Companies us... view blog & white papers details

The war for talent is the new Gold Rush, but you may already be sitting on a gold mine. You have great employees. They’re smart. They’re skilled. They’re dedicated. They have valuable institutional knowledge and have personal, cross-functional relationships. More importantly, they have your trust. But now their job requirements are changing, and the skills and competencies you need are in flux. Becoming a skills-based organization has never been more important. The same is true for employee retention, especially given that 4.2 million Americans quit their jobs in June 2022. But do you even kno... view blog & white papers details

What Are Flexible Total Rewards Packages? Flexible total rewards packages allow employees to choose their pay and benefits. Instead of giving everyone the same package, companies let workers pick what works best for them. This can include salary, bonuses, health care, retirement plans, paid time off, or the option to work from home. Businesses that offer flexible rewards packages can attract and keep the best employees. When workers feel valued, they become happier with their jobs. In turn, businesses also win because these rewards support company goals, leading to better performance and teamw... view blog & white papers details

Understanding the proficiency of a team is crucial for any company. This is where effective employee skills assessment comes into play. It is not merely about checking boxes; it involves understanding the capabilities and contributions of each team member. From identifying strengths to pinpointing areas for growth, strategic assessment strategies act as a guide for both individuals and the organization as a whole. This article will delve into the key strategies that companies can use to assess employee skills effectively and drive success in the workplace. Types of Skill Assessments Evaluating... view blog & white papers details

How do you ensure that your job descriptions are bias free? These descriptions are the first introduction to your company for potential recruits. To attract the best talent, it is crucial to make the right first impression. Be aware of language that creates bias. Specifically, this means using words favoring one group of people over another. This could be by race, religion, gender, or a different demographic. Consider the other less overt points for bias. These will be other qualifiers you have listed in your job description. Each one has the potential to exclude the best candidates. Common fa... view blog & white papers details

In 2024, businesses are increasingly focused on getting to know their workforce better. Headcount reporting is becoming essential for HR professionals and managers who want a detailed understanding of their team members. But what exactly is headcount reporting, and why is it important? Think of it as the company's health check-up, showing exactly who makes up the team and how they are structured. Whether someone is a small business owner or an HR professional at a large company, understanding headcount reporting can bring significant advantages. Here is a look at the fundamentals and why it is... view blog & white papers details