Before you roll your eyes at the idea of another year-end “roundup” blog, know this: This one is different, because you helped create it!
These are the five Compensation Today posts you and your fellow HR and comp pros read and shared the most this year. We’re not surprised to see that nitty-gritty-comp-y articles are the ones you find most helpful. Get excited: We’ve got lots more planned for next year. Be sure to let us know of any other topics you’d like us to cover in the comments below!
1. How to Calculate Employee Turnover
This post features some twists on the calculations you need to make to see the full picture of employee turnover in your organization. It also covers a few of the many variables that can affect your turnover rate, as well as how you should interpret the results of your calculations.
2. Yes, People Really Do Quit Jobs for More Money
This article explores the impact compensation has on retention (and acquisition). It includes findings from the 2015 edition of PayScale’s Compensation Best Practices Report (CBPR), and challenges some commonly held beliefs about the influence of pay on retention.
3. Do’s and Don’ts for Managing the Insubordinate Employee
Insubordinate employees can be toxic to your workplace … if you let them. The key is to deal with the situation sooner rather than later. Be proactive, and you might be able to turn things around without resorting to drastic measures like termination.
4. Compensation Metrics Defined
Love ‘em or hate ‘em, in this age of datadatadata, it’s all about the metrics. This blog is a “crash course” in two biggies: compa-ratio and salary range penetration. Very helpful. Very thankful a person who is not me wrote this one.
5. Comp Basic: Mean vs. Median
I love the intro to this article so I’m not even gonna mess with it: “Midpoint, market ratio, mean, median, merit bonus — I don’t know what it is with M words in compensation, but there are a lot of them and it can get confusing. Let’s try to simplify things by breaking down the difference between two commonly confused words: mean and median.”
Happy reading, and Happy New Year!
Tell Us What You Think
Which HR story helped you the most this year? We want to hear from you. Share your thoughts in the comments.
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