ETHRWorld’s Post

A survey reveals that 70% of Indian employees feel underpaid, with salary being the top job concern for half of them. To address this, organizations plan to improve payroll accuracy, timeliness, and data security. Employee financial wellbeing is a key focus, with 62% of companies prioritizing it in their HR strategies. Additionally, there’s a growing interest in using AI for payroll management and adopting alternative compensation methods like digital currencies and stock options to better meet diverse employee needs. Source - https://lnkd.in/ePNAAZ_v Here are the results from last week's poll on whether employees feel they are compensated fairly according to industry standards. #Compensation #HumanResources #FairPay #IndustryStandards #BestFirm

A month after releasing our #StateOfTheEmployed report at PaidHR (formerly Pade), we're seeing its findings reflected in real-world trends. This report explores the current state of employed Nigerians, focusing on #productivity and #compensation. In the customer experience team, we observed a significant increase in #PerformanceManagement tool usage and Earned Wage Access (EWA) inquiries. Employers are focusing on productivity metrics, while employees seek greater financial flexibility. In this video, I briefly spoke about how these trends link to the rising cost of living, impacting both employees and employers in #Nigerian workplaces. Have you noticed any changes in how your company measures productivity or offers flexible pay options? For more interesting insights - Read our full #SOE report here https://lnkd.in/dXwMgnrg #cx #soe #performancemanagement

Curious about the state of #pay-related disclosures in #Asia? Find out more in this insightful article. #Payroll #Asia #humanresource #humanresourcemanagement #humancapital #humancapitalmanagement #hr #hrm #hcm #hrtech #hrtechnology #hcmtechology #hcmsoftware #workforcemanagement #wfm #makesworklifebetter

An impending recession and soaring prices are adding to the challenges already faced by companies globally because of rising job turnover. Talent is still in high demand, regardless of the current state of an industry. Employees are taking advantage of this information, especially millennials who are using it to win higher-paying jobs. Business leaders are being forced by reality to assess their employee value proposition and total rewards offering to reduce attrition. This assessment is in addition to the already existing expenses like hiring, onboarding, and training as well as lost productivity from vacant jobs because of changing circumstances. In the latest blog on #HRTech247, Zalaris explore how a complete compensation management strategy, when backed by the right solution, offers a cohesive perspective of the components of pay and greatly benefits individuals in various jobs within your company – https://lnkd.in/dp5eNRnU #hrtech247 #hrsoftware #hrtechnology #open247 #hradvice #hrsupport #homeofhr #payroll #HR #HRIS #Zalaris #compensation #talentandperformance

Often in a micro or small business, decisions on #pay are made on a very individual basis. For example: ▶️Maybe one #employee has negotiated hard when they started with you; ▶️Someone else may have been with you a long time and has benefited from annual increases; ▶️Someone else just directly asks you for a pay rise whilst others keep quiet. You may not have considered it before but fair pay practices are not merely important in order to comply with #legal obligations, but can also make a big difference to the health and growth of your #business. Here are our 7 reasons why fair and transparent pay is crucial to your business and shouldn't be ignored: https://lnkd.in/eu_XcYNd Get in touch if you have any questions #HR #EqualPay #f2fhrmk #SME

The economic slowdown forces more workers to accept poorly paid jobs. Commenting on how the economy plays a significant role in unfair compensation, HR Specialist Hazem Fayed, says, “A weak economy forces employees to accept poor compensation, which gradually becomes the standard across the board. This economic pressure perpetuates unfair compensation practices within organizations.” Economic changes impact large enterprises more aggressively than small and medium enterprises, and adjustments in large organizations take longer to plan and implement, says Oola Ali Elkelany, MBA, People & Culture Expert and HR Consultant. While emphasizing the role of the economy and the lack of salary transparency, Career Coach Noona Nafousi 🤍 points out social and systematic biases also lead to unequal pay for similar roles.

Is your #organization leading the way in #pay #equity? Here's why it's crucial for #talent #retention and #company #culture! #PayEquity #FairPay #EqualPayForEqualWork #CompensationStrategy #PayTransparency #TotalRewards #EmployeeBenefits  #RewardStrategy #Incentives #CompensationAndBenefits #WorkplaceRewards

Did you make it to #SHRM24 in Chicago? In case you missed it, Salary.com launched the book "Get Pay Right: How to Achieve Pay Equity That Works", now available: https://buff.ly/4bkYYqb SHRM's CEO, Johnny C. Taylor, Jr., SHRM-SCP opened #SHRM24 with a very important discussion on the impact the #skillsgap is having on the #workforce and the risks of not being prepared for #AI poses on the HR industry. Here's what you need to know: https://buff.ly/3RRQWOt #HR #compensationmanagement #economy #workforce

Pay-related disclosures in Asia remain "inconsistent and reactive," according to a new Aon report, but the momentum of such policies seems to be increasing. https://hubs.la/Q02J8ptg0 #HRInsights #PayTransparency #Payroll #EmploymentLaw

The average income in the United States is around $74,500. However, when excluding the top 10 earners, it drops to $65,000. Exclude the top 50, and it plummets to $48,000. Excluding the top 1,000, it further falls to just $35,500. This highlights how averages can be misleading. In HR, relying on averages for metrics like Turnover Rates, Average Salary, Absenteeism etc. can mask critical issues within specific departments or groups. Dive deeper with HR analytics for a clearer picture. #HRAnalytics #DataDrivenHR #KnowYourNumbers #ODbyVV