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To effectively attract and retain top talent, a robust compensation strategy is essential. There is no need to allocate additional time to manual data entry through excel, complex calculations, or navigating a confusing bonus structure. The answer lies in Paycor’s new innovative product enhancement. ???? Let's chat about the impact this can have on your organization's strategic initiatives.

Investing in an organizational Compensation review will make your life better. Your employees are your biggest strength. I can help you make sure your pay practices support their goals, so they can support your goals.

Tip of the Day: Why is a Compensation Analyst crucial for your business success? In today's dynamic workforce landscape, a Compensation Analyst ensures your pay structures are competitive, fair, and aligned with industry benchmarks. Attract top talent, retain your best employees, and foster a culture of success. Strive for equilibrium in pay structures! https://hubs.li/Q02jHqC_0 #CompensationInsights #HRtips #CompensationAnalyst

Resource Partner Spotlight:?Amy Cell Talent Be sure to get to know our RP’s and their businesses – they are here to become resources for our HR professional community.?We appreciate their support. Announcing an upcoming webinar by Amy Cell Talent: Effective Compensation Planning for Small Business Owners ? Date: Thursday,?Sep?26, 2024 Time: 12:00 pm - Virtual FREE Improve employee attraction and retention by learning where to start, what to include, and how to compete in today's job market, and to effectively manage pay transparency issues, laws, requirements, and trends. In this presentation we share best practices for using compensation as a tool to attract, incentivize, and retain top talent. We also review recent pay transparency laws, discuss how your organization can be compliant if affected, and address common issues around maintaining internal pay equity within the organization. Topics include: ? Basic compensation planning Trends in pay transparency laws Job board requisitions and preparing for compliance Employer/Employee perspective Amy Cell | Founder & CEO, Amy Cell Talent Human resources and talent THOUGHT LEADER. She’s an entrepreneur, connector, business leader, and ‘carpe diem’ enthusiast. Passionate about people, mentoring, workforce development, community service, and talent attraction. https://lnkd.in/g55_YZx9 Click here?to learn more about the Effective Compensation Planning webinar and how to register: https://lnkd.in/g-D6vGr5

Comp review season is notorious for stress and burnout. This is no wonder given 57% of surveyed HR & People leaders report that they manage compensation on top of their day-to-day responsibilities. As a comp leader, you're tackling "the science" that’s expected of you this comp review season, like having to: ?? Gather and analyse market data, as well as internal salary data. ?? Do statistical modelling. ?? Benchmark your entire organisation. ... all to ensure competitive and fair pay structures … and this is only half of it. Then, on top of spending hours, days, and weeks of required focus on compensation. You are also expected to work across the business to strike the perfect balance between: ?? Rewarding top talent ?? Maintaining financial responsibility ? Ensuring market competitiveness without overpaying relative to today’s market. To make matters more complicated, we've heard: ?? Over 40% of surveyed companies use complex spreadsheets to manage this work. ?? 60% are using candidate-reported salaries from their recruiting teams ( ? FYI this will soon be non-compliant with the EU Pay Transparency Directive ? ). Ravio is built to help you navigate your next compensation review with ease. Join Europe's leading tech companies like Wise, Skyscanner, Adyen, and Octopus Energy in relying on Ravio's real-time, total reward benchmarking data. We provide Europe's most reliable source for total reward benchmarks and continue to grow our expanding data set worldwide. Connect your HR system, and our team of experts will map your employees (or existing level framework) to the relevant Ravio benchmarks. Ready to ace the science part of your next compensation review? Get in touch!

Comp review season is notorious for stress and burnout. This is no wonder given 57% of surveyed HR & People leaders report that they manage compensation on top of their day-to-day responsibilities. As a comp leader, you're tackling "the science" that’s expected of you this comp review season, like having to: ?? Gather and analyse market data, as well as internal salary data. ?? Do statistical modelling. ?? Benchmark your entire organisation. ...all to ensure competitive and fair pay structures … and this is only half of it. Then, on top of spending hours, days, and weeks of required focus on compensation. You are also expected to work across the business to strike the perfect balance between: ?? Rewarding top talent ?? Maintaining financial responsibility ? Ensuring market competitiveness without overpaying relative to today’s market. To make matters more complicated, we've heard: ?? Over 40% of surveyed companies use complex spreadsheets to manage this work. ?? 60% are using candidate-reported salaries from their recruiting teams ( ? FYI this will soon be non-compliant with the EU Pay Transparency Directive ? ). Ravio is built to help you navigate your next compensation review with ease. Join Europe's leading tech companies like Wise, Skyscanner, Adyen, and Octopus Energy in relying on Ravio's real-time, total reward benchmarking data. We provide Europe's most reliable source for total reward benchmarks and continue to grow our expanding data set worldwide. Connect your HR system, and our team of experts will map your employees (or existing level framework) to the relevant Ravio benchmarks. Ready to ace the science part of your next compensation review? Get in touch!

Why should you spend money on a Compensation Consultant? The cost to replace an employee is typically one-half to two times that employee's salary, according to Gallup. That doesn't count the added stress to your team, and opportunity costs lost during the absence. Now consider: My most recent project was a complete front-to-back Compensation review for a 900-employee company - from defining the organization's Comp Philosophy, to building a custom pay structure, market pricing all their jobs, reviewing employee pay equity across the company, and training staff to carry the work forward - and the full project price was about a quarter of one average Manager's salary. The return on investment: Clear hiring pay guidance for recruiters, quicker hiring turnaround, clarity for Managers, improved pay equity for employees, and improved prospects for employee satisfaction and retention. The project pays for itself by retaining just one single employee who otherwise would have jumped to a competitor due to sloppy/unfair pay practices. Learn how a Compensation review can help keep your team together, save you money, and lower your anxiety. Contact me for a free initial consultation, and follow my page.

To draw in and keep top talent, having a robust compensation strategy is essential. There's no need to waste time on tedious data entry or complicated calculations for bonuses. Discover how Paycor’s newest feature can simplify this. Reach out to learn more about how Compensation Planning can benefit YOU!

Are you finding it hard to attract and retain top executive talent? ?? Learn how executive compensation consultants can help you design competitive, fair, and strategic pay plans. Dive in to learn more about what they do, why you should work with them, and more! Read the article here: https://lnkd.in/em6UZjfy #ExecutiveCompensation #TalentManagement #SSGKnows

In today's competitive job market, offering a well-rounded compensation package must be the focal point of any human capital strategy for a successful business. Here's how to design a compensation plan that attracts and retains high-caliber recruits, featuring insights from Daniel Raimondi, vice president of compensation, human resources at ADP.