Payscale

Is "fauxductivity" affecting your workplace? Recent research suggests it might be more common than we think. ?? Defined as employees faking productivity, fauxductivity is particularly prevalent in remote and hybrid settings. Human Resource Executive reports that a recent study by Workhuman found that while two-thirds of employees deny it, nearly half of managers see it as an issue. However, the root cause isn't remote work itself, but poor workplace culture and burnout. According to MyPerfectResume, 88% of U.S.-based workers report experiencing burnout, leading many to fauxductivity as a coping mechanism. Jasmine Escalera, a career expert at MyPerfectResume, explains, "Fauxductivity may provide employees a much-needed mental break without stepping away from work entirely." To combat this, HR leaders need to promote well-being and work-life balance. This includes setting clear work-hour boundaries, discouraging after-hours communication, supporting work breaks, and offering flexible schedules. Encouraging open dialogue about workloads and stress can also help address issues before they lead to burnout. By fostering a wellness-focused culture and aligning work with personal development goals, organizations can drive genuine productivity and reduce the need for fauxductivity. Read the article: https://lnkd.in/ejaQVtu3

Accurate job leveling and career pathing are vital pieces of the compensation puzzle in the modern workplace. They can also be tough to get right. That's why at Compference24, Stephanie Spratling, MM, CCP and Hunter Blake took a deep dive into using market data for salary structure changes, labor market analysis, and workforce analytics. They also covered how to establish a standardized methodology for job leveling and explored various approaches to job groupings, job progression, and career pathing. This session is designed for compensation professionals across all organization types and sizes, with a special focus on those using or interested in MarketPay. If you weren't able to join us live, don't worry! On-demand access to all Compference24 sessions is free. Get your access here: https://lnkd.in/dUCPsjW3 #Compference24

Pay transparency is becoming the norm for many U.S. employers, driven by new legislation and evolving organizational values. ?? HR Brew reports that recent surveys indicate that three-quarters of organizations are sharing pay rates or ranges with external candidates, and 69% are doing so with internal candidates. However, transparency is just the beginning. Employers are now focusing on pay equity too, with many developing strategies and budgeting for raises to address compensation gaps. As Jack Jones from Mercer highlights, "When you have to open up your processes and show people what you’re doing, it’s really important that you’re confident in what you’re actually doing." Over half of the organizations surveyed by Mercer are proactively conducting pay equity studies and making necessary pay adjustments. This proactive approach not only helps avoid potential litigation but also enhances overall HR strategy and employee engagement. As we move forward, prioritizing pay equity alongside transparency will be crucial for maintaining a committed and engaged workforce. Read the article today: https://lnkd.in/gj5PE8vR

How is the future of compensation management being shaped by technology and innovation? At Compference24, our leadership team explored how global economic trends, AI advancements, and shifting dynamics are redefining pay practices. They also discussed how Payscale's innovations are empowering compensation professionals to navigate the future of work. Weren't able to make it to the live Compference24 session? Don't worry! On-demand access to all sessions is free. Get your access here: https://lnkd.in/dUCPsjW3 #Compference24

U.S. employers are on the brink of facing "the largest labor shortage the country has ever seen," according to a recent Lightcast report. ?? ?? HR Dive writes that there are several factors contributing to this looming crisis: - the retirement of Baby Boomers - declining birth rates - younger generations favoring office jobs - a shrinking number of working-age adults Notably, women are earning degrees at record rates but still occupy less than 2% of roles in traditionally male-dominated fields like plumbing and HVAC, which are experiencing critical shortages. Lightcast emphasizes that employers must adapt by broadening their hiring criteria and focusing on training new hires. "The best way to make sure a worker has the skills they need for a job is to teach them those skills," the report states. Additionally, offering flexible work options, such as childcare support, can give employers a competitive edge in attracting talent. It's time for a strategic shift in how we approach workforce attraction, engagement, and development. Read the article today: https://lnkd.in/eAbDXU9S

Are you navigating the complexities of pricing niche or hard-to-fill positions? At Compference24, Alena Reva and Jody Amdal ran a session for practical guidance on leveraging diverse market data to accurately price unique roles and align them with your compensation philosophy and commitment to equity. This session is tailored for compensation professionals with established data strategies looking to refine their approach and enhance talent acquisition outcomes. Don't miss the opportunity to sharpen your skills and stay ahead in the competitive job market. If you weren't able to join us live last week, don't worry! On-demand access to all Compference24 sessions is free. Get your access here: https://lnkd.in/dUCPsjW3 #Compference24

This week, I had the pleasure of joining a group of exceptional compensation and HR practitioners at the Northwest Compensation & Rewards Forum. The focus of our discussions? Pay compression! It was enlightening to hear from Lexi Clarke, Payscale’s CPO, Ryan Fowler, CCP from Symetra and Jenni Marquez, CCP from Accolade, Inc. as they shared valuable insights and advice with an engaged group of listeners! A special shout out and appreciation for the best organizer of all the things: Jennifer Ferris, CCP, our insightful moderator. Jen, your expertise in compensation and total rewards shines through every time you speak. It's a privilege to learn from you and to have you as a friend!

The momentum of pay transparency legislation continues to build, and we're all for it! ?? As of October 1, 2024, Maryland will be enforcing two significant laws: the Pay Transparency Law and the Pay Stub and Pay Statement Law. Forbes reports that the Pay Transparency Law mandates employers to disclose wage ranges and benefits in all job postings, enhancing pay equity. This applies to jobs performed, even partially, in Maryland. Employers must provide a good faith pay range and a general description of benefits, including bonuses and stock options. The Pay Stub and Pay Statement Law requires employers to issue detailed pay statements each payday, ensuring transparency. This includes information such as pay rates, hours worked, and detailed deductions. Employers should review job postings, update payroll systems, and train staff to comply with these new regulations. Leveraging resources from the Maryland Department of Labor can help streamline this process and foster transparency in the workplace. Read the article here: https://lnkd.in/gmwmDhKy

Are you a compensation professional looking to streamline your reporting process? We understand the challenge of managing extensive data sets from market surveys and presenting them to leadership. ?? ?? ??? Synthesizing this complex information into clear, compelling stories that resonate with stakeholders who may have limited time and understanding of compensation processes is key. At Compference24 last week, Rekha Gurnani Chowdhury and Genesis Russell took a deep dive into various reports that can save you time and effectively communicate fair pay practices to business partners and executive leadership. Whether you're market pricing for salary offers or navigating the pay increase cycle, this analysis is crucial for achieving sustainable fair pay. If you missed the live session last week, you can still get on-demand access to ALL the Compference24 sessions for FREE. Get access here: https://lnkd.in/dUCPsjW3

Today, on Latina Equal Pay Day, we confront the disparities still faced by Latina women in the workforce. Our 2024 Gender Pay Gap Report illuminates a critical statistic: Despite progress, Latina women earn 79 cents for every dollar earned by their white male counterparts. This stat not only underscores the challenges but also the resilience and contributions of Latina women everywhere. Let’s use this moment to advocate for change, ensuring equal pay for equal work. Together, we can create a more equitable future. #LatinaEqualPay #JusticeInPay Read the full report here: https://lnkd.in/gjY4aNxn