Webinar-Compensation Best Practices for 2017

www.payscale.com #CBPR17

54 Million Salary Profiles250 Compensable Factors

15,000 Positions 6,000 Customers 2,300 Skills

Hi, we’re PayScale!


Thanks-A-LattéSome companies dilute their increase pool so much that increases to individual employees are incredibly small.

They essentially amount to an extra latte per paycheck.


We Surveyed Over 7,700 HR Leaders, Comp Pros, ExecsNumber of Locations Size of Organization

Level of Management Location


Comp Is CultureThe talent game is about reputation.

How you pay, what you value and how you communicate that to your employees is integral to engaging your employees.

This is your ‘Pay Brand.’


Top-performing Companies Realize the Connection Between Comp and Culture


Are You out of Touch With Your Employees?


Do You Ask Them About Pay?


Back To “Thanks-A-Latté”…

11% of organizations said they don’t reward or recognize high-performing

employees


Modern CompTips to Get YouBack on Track


Get the C-suite to Care About Comp

57% agree that employee compensation is becoming more important to their executives


Target Higher Transparency

Nearly half of all organizations seek to

be transparent in 2017


Death of the 3% RaiseIf your employees matter to you, show

them with cash

• Only 26% of companies gave a 3% average raise

• 34% of organizations say the highest base pay increase they gave to an employee topped 10%

• 11% reported an average increase over 5%


Pay More for Your Competitive Jobs

51% of organizations pay more for competitive jobs


Data Is the Backbone of Good CompTo retain, engage, attract top talent in

critical roles, you need good data

• 54% of organizations have done a full market study within the past year

• 46% reference market data for individual jobs more frequently than annually

• 13% check market data for jobs at least weekly


Align Variable Pay to Objectives

In 2016, 34% of organizations gave

bonuses more frequently than

annually


What’s Next for HR?


The Compensation Crystal Ball

Biggest predicted challenges for 2017

• Retention & Recruitment

• Engagement

• Development


Check out the 2017 CBPRView interactive charts and download the report www.payscale.com/cbpr

Keep an eye out for upcoming webinars that will keep the comp in your culture all year long.

Webinar-Compensation Best Practices for 2017

Recruiting & HR

Transcript of Webinar-Compensation Best Practices for 2017