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Unlocking compensation benchmarking: Getting started for success

Insperity

How do you know the competitive salary range for each position at your company? Compensation benchmarking is the process by which compensation professionals on your human resources (HR) team analyze salary data in the marketplace for each specific job at your company. The answer: Compensation benchmarking.

Salary 100
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Crucial HR KPIs to measure in today’s workplace

Insperity

In addition to recruitment costs, salary offsets for employees who live in areas with a lower cost of living could represent a savings on the balance sheet over time. For example, a hire in California may command a $100,000 salary, but a comparable hire in Tennessee may only cost $60,000. Do they believe they are paid well?

Health 86
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Employee fulfillment: Building a workplace culture that inspires and retains

Insperity

Understand your culture Know what your organization is striving to do (mission), what your ultimate goals are (vision) and how you will operate along the way to get there (values). Furthermore, they are accountable for modeling the organization’s values and reminding everyone on their team of the overall mission, vision and goals.

Health 98
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What makes a good workplace that gets employees to stay?

Insperity

Pay attention to your company culture and mission, vision and values. There is a direct connection between your company culture , mission, vision and values and your employees’ happiness and tenure. Evaluate your mission, vision and values. Your company culture, mission, vision and values are not simply words on a poster.

Health 114
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How to tackle wage growth and remain competitive in a tough market

Insperity

Anyone involved in hiring and retaining employees is torn between important and seemingly contradictory objectives: Address employees’ pain and concerns about the increased cost of living so you can prevent them from disengaging or leaving the company in search of a higher salary elsewhere. ( The Great Resignation is ongoing, after all.).

Salary 102
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Employee bonus programs: What’s right for your company?

Insperity

For employees, bonuses are very popular because they represent an opportunity to earn more money beyond what their salary or hourly rate dictates. Additional considerations: Your company’s culture as well as your mission, vision and values. Most people want more money if the opportunity presents itself, right? How employers benefit.

Bonuses 109
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8 HR KPIs to measure in a post-pandemic workplace

Insperity

In addition to recruitment costs, salary offsets for employees who live in areas with a lower cost of living could represent a savings on the balance sheet over time. For example, a hire in California may command a $100,000 salary, but a comparable hire in Tennessee may only cost $60,000. Do they believe they are paid well?