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How Much Will Your Bartender Make This St. Paddy’s Day?
Happy St. Patrick’s Day! As we prepare to celebrate another great American holiday, I started wondering which cities have the best St. Paddy’s days. I’ve learned a lot along the way: We pinch people...
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Why You Should Share Total Compensation Statements With Your Employees
In the last few months I have worked with over a dozen companies rolling out their annual increase cycle in PayScale’s Crew. When it’s time for their managers to communicate pay changes with employees,...
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Get Me a Compensation Strategy, STAT!
Every day, companies make intentional decisions about their business: should they expand their products or services, is the time right to open new locations, are they ready to add jobs and headcount?...
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5 Steps to a Compensation Strategy That Helps Your Company Thrive
As we discussed in part one of this series, PayScale’s 2017 Compensation Best Practices Report (CBPR) found that just 37 percent of organizations have a defined compensation strategy. Here are five...
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Do You Know the Difference Between Cost of Labor and Cost of Living?
I’m not sure how it happened, but understanding that there is a difference between cost of labor and cost of living seems to have become the sole purview of compensation professionals. That would be...
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Equal Pay Day 2017: Take Your First Step Toward Gender Pay Equity
Feel like you’ve been hearing a lot about gender equity lately? It’s not in your head. In fact, companies have been making strategic moves to better recognize and address gender inequities within their...
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Why Is It So Hard to Address Gender Pay Equity?
April 4th is Equal Pay Day, and PayScale will be hosting a Facebook live stream discussion about the challenges facing women in the workforce, including pay equity. But wait a minute. It’s 2017. Why is...
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3 Ways to Ensure Fair Pay in Your Organization
Fair pay is important — but what does it mean to pay fairly? If the opposite of fair pay is biased pay — pay that is unfairly prejudiced against someone or something — then fair pay practices should...
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PayScale Index: Wage Growth Slows in Q1
Wages in the U.S. grew 2.1 percent annually in the first quarter of 2017, according to the newly updated PayScale Index, but slowed from Q4 2016. “The labor market is in transition from the...
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Benchmarking Pay for the US National Soccer Teams
You may have heard a little something about the United States women’s national soccer team and their fight for fair pay, which ended the day after Equal Pay Day. While we know that compensation for...
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Pay the Friendly Way: United Airlines Ties Executive Compensation to Customer...
You’d have to live under a rock to be unaware of United Airlines’ recent PR challenges. From a passenger who was violently dragged from one of its planes to, most recently, the death of one of the...
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Healthcare Happenings: 2017 Compensation Best Practices
A few years back, I consulted for a hospital in a somewhat rural area that really needed their nurses to increase their level of certification. As a result, someone had decided that they would add $500...
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Nuances of Nonprofit Compensation: 2017 Compensation Best Practices
In a prior life, I did compensation and HR for a nonprofit. Every year, the age-old question would come up when it came time to benchmark our fundraising and programmatic jobs. The fundraisers,...
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Which Compensation Structure Is Right for Your Company?
Compensation structures continue to evolve, and they usually do so to help organizations keep current with both market and workforce trends. Some may wonder what compensation structures are. Loosely,...
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Compensation Trends: Disruption in Action at the 2017 Total Rewards Show
The keynote address at this year’s WorldatWork 2017 Total Rewards show was by Peter Sheahan, author of Matter: Move Beyond the Competition, Create More Value, and Become the Obvious Choice. Sheahan...
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The Walmart Effect: Can Raising Salaries Increase Productivity?
By Lauren Pelley, Workopolis It’s a winning combination every company wants: Productive staff and happy customers. Could higher salaries be the ticket to both? That could be what happened at Walmart,...
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Building a Compensation Plan: An Exercise in Collaboration
Building a compensation plan from scratch can be intimidating if you don’t know where to start. In fact, even if you do know where to start, the process can be pretty daunting. At PayScale, we’ve been...
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Comp Strategy for Small Businesses: 2017 Compensation Best Practices
Only 29 percent of small businesses have a compensation strategy, according to data collected for PayScale’s Compensation Best Practices Report, compared with 37 percent of all organizations — despite...
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The Ripple Effect of a Pay Strategy Change
Did we catch you in beautiful Snowbird, Utah last month? PayScale was there for The Elevate Summit, BambooHR’s first ever user conference, and we know many of you were too. There were tons of great...
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Employee Rewards: From Most Popular to Most Creative
Today’s employees have some unique advantages that employees of the past didn’t have. For one thing, the U.S. economy is relatively stable, and the unemployment rate continues to decline steadily...
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