Comp is culture

Comp is Culture bamboohr.com Rusty Lindquist Mykkah Herner VP of Thought Leadership BambooHR Modern Compensation Evangelist Payscale 1-866-387-9595 Thanks-A-Latté Some companies dilute their increase pool so much that increases to individual employees are incredibly small They essentially amount to an extra latte per paycheck bamboohr.com payscale.com We Surveyed Over 7,700 HR Leaders, Comp Pros, Execs bamboohr.com Number of Locations Size of Organization Level of Management Location payscale.com Comp Is Culture The 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.’ bamboohr.com payscale.com Top-performing Companies Realize the Connection Between Comp and Culture bamboohr.com payscale.com Are You out of Touch With Your Employees? bamboohr.com payscale.com Do You Ask Them About Pay? bamboohr.com payscale.com Back to “Thanks-A-Latté”… 11% of organizations said they don’t reward or recognize high-performing employees bamboohr.com payscale.com Modern Comp Tips to Get You Back on Track bamboohr.com payscale.com Get the C-suite to Care About Comp 57% agree that employee compensation is becoming more important to their executives bamboohr.com payscale.com Target Higher Transparency Nearly half of all organizations seek to be transparent in 2017 bamboohr.com payscale.com Death of the 3% Raise If 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% bamboohr.com payscale.com Pay More for Your Competitive Jobs 51% of organizations pay more for competitive jobs bamboohr.com payscale.com 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 bamboohr.com payscale.com Align Variable Pay to Objectives In 2016, 34% of organizations gave bonuses more frequently than annually bamboohr.com payscale.com What’s Next for HR? bamboohr.com payscale.com The Compensation Crystal Ball Biggest predicted challenges for 2017 • Retention & Recruitment • Engagement • Development bamboohr.com payscale.com Check out the 2017 CBPR View 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 bamboohr.com payscale.com Comp is Culture Thank you! Follow BambooHR and PayScale on social media: bamboohr.com/blog Payscale.com/blog bamboohr.com 1-866-387-9595 Comp is Culture bamboohr.com 1-866-387-9595 Comp is Culture Questions? bamboohr.com 1-866-387-9595 .. .Comp is Culture bamboohr.com Rusty Lindquist Mykkah Herner VP of Thought Leadership BambooHR Modern Compensation Evangelist Payscale 1-866-387-9595 Thanks-A-Latté Some companies dilute... to your employees is integral to engaging your employees This is your ‘Pay Brand.’ bamboohr.com payscale.com Top-performing Companies Realize the Connection Between Comp and Culture bamboohr.com... media: bamboohr.com/blog Payscale.com/blog bamboohr.com 1-866-387-9595 Comp is Culture bamboohr.com 1-866-387-9595 Comp is Culture Questions? bamboohr.com 1-866-387-9595