Paycor’s Post

In case you missed it, be sure to check out our 𝟐𝟎𝟐𝟒 𝐒𝐭𝐚𝐭𝐞 𝐨𝐟 𝐏𝐚𝐲 𝐄𝐪𝐮𝐢𝐭𝐲 𝐫𝐞𝐩𝐨𝐫𝐭! Pay equity is becoming more urgent every day, as new global regulations emerge and both employees and job seekers increasingly demand bias-free pay practices. Our 2024 survey of employers across the US and UK reveals how companies are addressing the challenges of pay equity and transparency. Clearly there is work to be done, as the results show that: • 45% of employers say their approach to pay equity is hurting their ability to attract talent. • 73% have done pay equity analysis and found wage discrimination and compression, promotion disparities, and below-market salary ranges. Get this free report to inform and guide your own pay equity strategy. https://hubs.li/Q02Mf_-r0 #payequity #paystrategy #paycompliance #compensation

💡Don't forget… 🌟Paydata Ltd's FREE webinar "Key Considerations when developing a pay structure" is happening soon.🌟 Join Joe Price and Tim Kellett to discover how to create a pay system that benefits both your organisation and your employees. Key areas covered: ✔Aligning pay structure with organisational goals. ✔Understanding the role of grade structure and job evaluation. ✔Exploring the different pay structure types ✔Determining market alignment. ✔Managing pay progression effectively. Make sure to register today and save your seat!👇 https://lnkd.in/ejPJJSx2 #HRinsights #payprogression #paystructure #HRwebinar

Pay survey coming soon! With legal requirements, and the upcoming EU Pay Transparency Directive, staying compliant has never been more important—and we’re here to help you meet these standards! Ensure a fair, and equal workplace with a pay survey that’s easy to use: - Gather all your master data in one place with intuitive tools that save preparation time and ensure accuracy. - Customise job evaluations for your organisation, gaining clear insights into equal and equivalent work. - Include all employees within the same legal entity, no matter the pay currency. - Get a clear, objective analysis of pay differences, with the ability to explain, justify, or adjust them. - Document everything directly within the platform to ensure compliance with legal requirements. Read more on our website!  https://lnkd.in/detuysyG

Our 2024 market guide is live! 🚀 Check it out for a detailed breakdown of salaries and day rates across the world of technology. 📊 This guide will be useful for anyone hoping to benchmark pay, prepare for a new wave of hiring, or better understand their value in the wider market. Get your free copy here: https://lnkd.in/dqKJjbEg #SODAMarketGuide #SalaryandRateGuide

MRA's 2024 National Policies & Practices Survey is now available. This comprehensive report will help you discover what other organizations are doing with their paid time off, pay practices, recruitment, and much more! 💡Over 190 survey questions 💡1,349 participating organizations 💡Data is reported by employee group and company size See the survey results here: https://ow.ly/yLrE30sAFk7

Breaking news! The Brightmine pay settlement data covering the period 1 January to 30 June 2024 is quoted by 8 Pay Review Bodies who provide evidence-based advice and recommendations to governments across the UK on levels of pay for their respective remit groups. Source - Office for Manpower Economics, Department for Business and Trade: https://lnkd.in/gmnTjBp3 Download a copy of the handy one-pager to learn about pay trends in 2024: https://lnkd.in/g2g34_a7 Organisations planning to set up or expand their businesses in the UK can use Brightmine to ensure competitive and equitable salary packages to their hires, because we have: -over 1.5 million UK employee datapoints across 26 functions (updated monthly) -trustworthy and up-to-date HR intelligence, and intuitive compensation planning and pay equity analytics tools to ensure compliance, competitiveness and fairness in pay #talentattraction #credibility #payreview #paydata #paytrends

It's baffling to see institutions still fighting tooth and nail to pay employees as little as possible. Time and time again, studies show that a fairly compensated and supported workforce is happier, more productive, and loyal. Yet, many organizations choose to take the opposite path, finding ways to underpay employees, all while lowering morale and signaling a lack of care for the people who drive their success. A workplace where employees feel unsupported—whether it's through inadequate pay or the refusal to provide basic amenities like coffee—breeds disengagement. When companies are cutting financial corners by paying less than a living wage, they are not only limiting their growth but also hurting the well-being of the very people who can drive that growth. If we want industries to thrive, we must stop using outdated excuses and start focusing on building workplaces where employees feel valued, supported, and encouraged to stay. This means providing a living wage, offering the necessary resources, and creating an environment that shows genuine care for employee well-being.

Hot off the press! Be among the first to access insights from our 2024 State of Pay Equity report! Pay equity has become a core priority for global organizations, thanks to increasing regulation and market pressures, making it a key to legal compliance, employee retention, and employer branding. Just released, our 2024 survey of employers across the US and UK reveals how companies are preparing to meet the rising challenges of pay equity and transparency, revealing findings like: 45% of employers in the US and UK say their approach to pay equity is hurting their ability to attract talent. 73% have done pay equity analysis and found wage discrimination and compression, promotion disparities, and below-market salary ranges. 70% agree that AI-informed pay strategies could increase their compliance with pay equity laws. Get the free report to inform and guide your own pay equity strategy. https://hubs.li/Q02DzY6y0 #payequity #paystrategy #paycompliance #compensation

Read the Report. In this issue, learn about five cities with a good balance of pay increases, hiring, and new-hire wages, Gen Z and the skilled trades, and much more.

JUST RELEASED!!! MRA's 2024 National Policies & Practices Survey is now available. This comprehensive report will help you discover what other organizations are doing with their paid time off, pay practices, recruitment, and much more! 💡Over 190 survey questions 💡1,349 participating organizations 💡Data is reported by employee group and company size See the survey results here: https://ow.ly/HbXS30sABgY