A new report from Payscale showcases the importance of Long Island jobs.
According to Payscale, there is a disconnect between HR departments that set the compensation budgets, line of business managers who know the employees best and the employees themselves. CEB research shows that 75 percent of employee conversations regarding pay happen with their managers, not HR personnel.
However, only 17 percent of companies are ‘very confident’ in their managers’ ability to discuss compensation with employees, according to PayScale’s 2016 Compensation Best Practices Report. PayScale Crew uses real market data to bring everyone together and fosters more meaningful conversations about compensation that are based in fact.
“I used to spend countless hours trying to make sense of compensation data in spreadsheets when I was adjusting compensation for my team,” Paul Shortell, Senior Vice President, Professional Services and Consulting at Data Intensity. “PayScale Crew made the process so much easier because I could immediately see where each employee was in relation to the compensation scale for their position. As a result, I allocated pay raises in a fraction of the time and felt much more confident explaining my rationale for a raise to each member of the team.”
“With PayScale Crew, our managers have all the information they need at their fingertips, so they no longer need to ask HR to provide answers or additional compensation details multiple times,” said Jeracah Lawless, HR Director at HPM Building Supply. “The software has dramatically improved our process for awarding compensation increases across the company because managers get immediate insight, not just raw data.”