Comp is Culture
Transcript of Comp is Culture
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Comp is Culture
Rusty LindquistVP of Thought Leadership
BambooHR
Mykkah HernerModern Compensation Evangelist
Payscale
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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.
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We Surveyed Over 7,700 HR Leaders, Comp Pros, ExecsNumber of Locations Size of Organization
Level of Management Location
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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.’
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Top-performing Companies Realize the Connection Between Comp and Culture
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Are You out of Touch With Your Employees?
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Do You Ask Them About Pay?
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Back to “Thanks-A-Latté”…
11% of organizations said they don’t reward or recognize high-performing
employees
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Modern CompTips to Get YouBack on Track
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Get the C-suite to Care About Comp57% agree that employee compensation is becoming more important to their
executives
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Target Higher
TransparencyNearly half of all
organizations seek to be transparent in 2017
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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%
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Pay More for Your
Competitive Jobs
51% of organizations pay more for competitive jobs
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Data Is the Backbone of Good Comp
To 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
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Align Variable Pay
to Objectives
In 2016, 34% of organizations gave
bonuses more frequently than annually
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What’s Next for HR?
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The Compensation Crystal Ball
Biggest predicted challenges for 2017
• Retention & Recruitment
• Engagement
• Development
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Check out the 2017 CBPRView interactive charts and download the report www.payscale.com/cbprKeep an eye out for upcoming webinars that will keep the comp in your culture all year long.
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Comp is Culture
Follow BambooHR and PayScale on social media:
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Thank you!
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Comp is Culture
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Comp is Culture
Questions?