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Salary and equity review budgeting can be accurately calculated when it's backed by market positioning, performance ratings, and pre-planned promotions. Need help budgeting for your comp reviews? Ask us how we can help. #CEO #SHRM #compensation #HR #cybertech #tech

As of January 1, 2023, Washington state's new pay transparency law requires employers to disclose in each job posting the pay range and a general description of all the benefits and other compensation to be offered to the hired applicant. Employers must provide the pay range for an internal transfer or promotion to existing employees if the employee asks for it. #compensationandbenefits #compensation #compensation💰 #wa #washington #washingtonstate #paytransparency

As of January 1, 2023, Rhode Island law requires employers to provide candidates with pay range information during interviews upon request. It also instructs that employers should disclose the range for a role before they discuss compensation. In addition, employers must disclose the pay range at the time of hire and when an employee moves into a new position and disclose a wage range to current employees in their current position upon request. Follow for more compensation updates and best practice tips! #compensation #rhodeisland #paytransparency #hrlife #compensation💰 #compensationandbenefits #compstrategy #compensationstrategy

As of January 1, 2023, California requires employers to, upon request, provide an employee the pay scale for the position in which the employee is currently employed. It also requires employers to include the pay scale for a position in any job posting. Who is covered: All employers that employ at least one individual in California and an employer with 15 or more employees in California. #california #paytransparency #compensation #compensation💰 #compensationandbenefits #comp #compensationstrategy

Calculating employee internal average has lots of benefits. Knowing internal average for each job and location your employees are in helps finalize compensation ranges, and ensures you stay internally and externally equitable. Like + follow for more #compensationstrategy tips! #compensation #humanresources #hr #GlobalHR #payequity

Job leveling is a vital foundation for reward and talent management programs. It helps HR identify gaps (e.g., examine the span of control), manage rewards and talent, and establish title standards across the combined organization. Check out our "5 Steps to Job Leveling" Insights article for more details on how to job level at your organization. #compensation #jobleveling #hrlife #GlobalHR #payequity #WorkforcePlanning #learninganddevelopment #performancemanagement #careerpaths #humanresourcesmanagement

Employee pay equity evaluations can be done in 4 steps: 1. Calibrate job levels across the organization 2. Articulate compensation philosophy 3. Tailor salary ranges 4. Calculate compa-ratio by department/function

Competitive and fair pay can coexist for the combined benefit of the company and the employee. If you need help with your company's compensation program, DM us. . . . #humanresources #hr #recruitment #business #hiring #humanresourcesmanagement #recruiting #jobs #jobsearch #leadership #career #job #employment #work #management #careers #resume #employeeengagement #payroll #staffing #nowhiring #hrconsulting #humanresource #humanresourcesconsulting #recruiter #smallbusiness #training #hrmanagement #jobhunt

Companies need to know when the culture is impacted by its compensation structure, and it's even more important to act quickly when the discrepancies are noticed. Reasons for a compensation restructure surrounding culture include: 1. Recruiting difficulties 2. Pay inequities 3. High turnover rate As a company matures and grows, its approach to compensation will need to evolve to support it - from expanding career structures to reevaluating the market targeting approach. As with all successful initiatives, communication is the key to success when it comes to building a successful compensation program. #humanresourcesmanagement #humanresourcesconsultant #siliconvalley #hr #startups #hrcommunity #hrchallenges #humanresourcesprofessional #businessstrategy #globalhrsummit #equalpayday #globalhr #compensationandbenefits #HRTech #humanresources #HRconsulting #humanresourcesconsulting #humanresourceslife #compensation #humanresourcesmanager #startuplife #kamsacompensation

Establishing career paths is a great tool to retain and attract employees. Kamsa's onboarding process includes job leveling, where your dedicated compensation consultant will help create career paths for all roles in your organization. Reach out to us to learn how we can help your company scale and grow! #spicyHR #HRmemes #HRreminders #savageHR #HRlife #HRlifebelike #HRproblems #HRforlife #officelife #officeproblems #HR #HRlovesyou #humanresources #humanresourcesmanagement #recruiters #recruiterlifebelike #hrafterdark #humanresources #workforceplanning

Cultivating a clear strategy for employee pay improves employee satisfaction (i.e., retention) and impacts the company's bottom line, yet many companies think about it reactively instead of proactively. When developing and maintaining a comprehensive pay strategy, the leadership team should have a collaborative approach to establishing compensation philosophy and practices. Once that is accomplished, clear communication naturally builds trust among managers and employees, encouraging them to grow with the company instead of fleeing to a “better” opportunity. #humanresourcesmanagement #humanresourcesconsultant #siliconvalley #hr #startups #hrcommunity #hrchallenges #humanresourcesprofessional #businessstrategy #globalhrsummit #equalpayday #globalhr #compensationandbenefits #HRTech #humanresources #HRconsulting #humanresourcesconsulting #humanresourceslife #compensation #humanresourcesmanager #startuplife

What do you look for in reliable market compensation data? For some, reliable market data means filtering and dissecting the data by endless possibilities (e.g., industry, Series funding stage, and employee headcount size). For others, reliable market data might mean that the more data points there are, the more reliable the data is. Still, it's essential to consider where and how the data was sourced to determine its validity and how often it is refreshed. Validated data means not just taking raw employee salary data and reporting it back for various market percentile statistics but making sure it’s usable for your company and business needs. #humanresourcesmanagement #humanresourcesconsultant #siliconvalley #hr #startups #hrcommunity #hrchallenges #humanresourcesprofessional #businessstrategy #globalhrsummit #equalpayday #globalhr #compensationandbenefits #HRTech #humanresources #HRconsulting #humanresourcesconsulting #humanresourceslife #compensation #humanresourcesmanager #startuplife

Startups commonly face the dilemma of retaining top talent while being tight on cash. To compensate employees competitively while simultaneously being conscious of the bottom line, leaders should strategically use compensation components (other than base salary) to maintain a driven and productive workforce. Don't have new hire equity grant guidelines for the jobs in your company? Reach out to us to learn how we can help. #peoplesuccess #hr #innovation #growth #HRreminders #savageHR #HRlife #HRlifebelike #HRproblems #HRforlife #officelife #officeproblems #HR #humanresources #humanresourcesmanagement #recruiters #HRafterdark #PeopleFirst

We'll never get tired of it: Job leveling is the major key 🔑 to creating a comprehensive, competitive pay strategy. #culture #leadership #empower #ceo #WomanEntrepreneur #personaldevelopment #entreprenuer #peoplesuccess #coach #facilitator #consultant #hr #confidence #innovation #growth #HRreminders #savageHR #HRlife #HRlifebelike #HRproblems #HRforlife #officelife #officeproblems #HR #humanresources #humanresourcesmanagement #recruiters #hrafterdark

Need help budgeting for compensation reviews? Kamsa & our compensation experts have you covered. Our onboarding process completes all the major steps needed to start budgeting and planning for salary and equity reviews. What are your biggest comp review pain points? Leave us a comment, and our comp experts can give you more insights. . . . . #humanresourcesmanagement #humanresourcesconsultant #siliconvalley #hr #startups #hrcommunity #hrchallenges #humanresourcesprofessional #businessstrategy #globalhrsummit #equalpayday #globalhr #compensationandbenefits #HRTech #humanresources #HRconsulting #humanresourcesconsulting #humanresourceslife #compensation #humanresourcesmanager #startuplife

Evaluating internal pay equity can be done in 4 steps... for every employee in each country and demographic. Kamsa's market data, machine learning, and compensation experts make it easy. Leave our Kamsa Consultants questions in the comments for expert comp advice!

Have you downloaded our 2022 Global #Salary Trends Report yet? It includes #compensation trends for 20+ jobs in 10+ locations (around the world 🌏). Click the link in our bio to download! #hr #HRproblems #savageHR #innovation #growth #HRlifebelike #entreprenuer #HRlife #HRreminders #ceo #humanresourcesconsulting #globalhr #humanresourcesmanagement #globalhrsummit #equalpayday #humanresourcesprofessional #humanresourcesmanager #businessstrategy #HRconsulting #startups #hrcommunity #hrchallenges #compensationandbenefits #HRTech

Our article, Improving Organization Commitment Through Pay and Planning, reviews all the steps companies can take to promote employee trust & loyalty. Click the link in our bio to read more! . . . #humanresourcesmanagement #humanresourcesconsultant #siliconvalley #hr #startups #hrcommunity #hrchallenges #humanresourcesprofessional #businessstrategy #globalhrsummit #equalpayday #globalhr #compensationandbenefits #HRTech #humanresources #HRconsulting #humanresourcesconsulting #humanresourceslife #compensation #humanresourcesmanager #startuplife

If you know, you know . . . #HRhumor #payfairly #comptech #hrtech #compensation