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Embarking into a New Era of Work with Salary Transparency Laws

HR Digest

Salary transparency laws have become a hot topic in recent years, with many countries implementing regulations to promote pay equity and address the gender pay gap. These laws vary by jurisdiction but typically require employers to share salary ranges for specific job positions or provide employees with access to salary data.

Salary 52
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The Payday Puzzle: Solving Employee Compensation and Benefits

HR Digest

Managing employee benefits and compensation is an essential function for any organization that wants to attract, retain, and motivate top talent. Employee compensation and benefits are critical components of an organization’s total rewards package, which is a key factor in employee satisfaction and engagement.

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Salary Benchmarking Guide - Importance, Process, Challenges, and Trends

Empuls

Salary benchmarking is when HR compares the organization's pay levels with market rates for similar jobs. It helps ensure fair compensation for employees and offers a competitive advantage. Importance of salary benchmarking One can summarize the importance of salary benchmarking as follows: 1.

Salary 40
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What is Equity Compensation & How It Work?

HR Lineup

Equity compensation is a powerful tool used by companies to attract, retain, and incentivize employees. Unlike traditional forms of compensation such as salary and bonuses, equity compensation grants employees ownership stakes in the company.

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How Do Companies Determine Salary?

Take It Personel-ly

If you’re a first-time employer, you’re probably feeling a bit stressed about determining the salary for your employees. According to a 2018 Forbes analysis, wages have not kept up with inflation for nearly 50 years. This isn’t due to a lack of money. It’s due, instead, to poor financial management.

Salary 80
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Stop asking for candidates’ salary history

Achievers

There’s a common question during recruitment conversations that all job candidates dread: “What is your current salary?” The issue is that salary history is a very personal, and often misleading, data point for recruiters to gather.

Salary 93
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What is Shadow Payroll and When It Is Required?

HR Lineup

Shadow payroll is a mechanism used by multinational companies to manage the payroll of employees who work in a country different from their home country. It involves calculating and reporting the income tax and social security obligations of employees in both their home country and the host country where they work.

Payroll 52