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Understanding Pay Bands in Compensation Structures

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Understanding Pay Bands in Compensation Structures

By Mallory Vachon, Sr. Economist

June 17, 2024

Crafting Compliant Pay Bands: A Strategic Approach Labor Market Reports

Crafting Compliant Pay Bands: A Strategic Approach

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Understanding Pay Bands in Compensation Structures Labor Market Reports

Understanding Pay Bands in Compensation Structures

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May Jobs Report 📉 Is the labor market as strong as headline numbers suggest? Labor Market Reports

May Jobs Report 📉 Is the labor market as strong as headline numbers suggest?

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📉 Hiring slows in April, healthcare dominates Labor Market Reports

📉 Hiring slows in April, healthcare dominates

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📉 What are recession chances in 2024?

📉 What are recession chances in 2024?

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March 2024 Jobs Report: 💥U.S. Employment Boom Continues... for Most Sectors Labor Market Reports

March 2024 Jobs Report: 💥U.S. Employment Boom Continues... for Most Sectors

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Keys to a Winning Compensation Strategy 💸

Keys to a Winning Compensation Strategy 💸

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February 2024 Jobs Report: Above expectations, but there's more to the story 🚩 Labor Market Reports

February 2024 Jobs Report: Above expectations, but there's more to the story 🚩

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What makes a good job description?✍️

What makes a good job description?✍️

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January 2024 Jobs Report: January jobs on fire🔥 Labor Market Reports

January 2024 Jobs Report: January jobs on fire🔥

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Understanding pay for in-demand jobs 💸

Understanding pay for in-demand jobs 💸

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December 2023 Jobs Report: Strong start to 2024 Labor Market Reports

December 2023 Jobs Report: Strong start to 2024

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2023 Year in Review

2023 Year in Review

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November 2023 Jobs Report: November's 199K job gains misleading for most businesses Labor Market Reports

November 2023 Jobs Report: November's 199K job gains misleading for most businesses

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Pay Bumps for New Hires

Pay Bumps for New Hires

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Hiring Cools in October Labor Market Reports

Hiring Cools in October

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Hiring Accelerates in September Labor Market Reports

Hiring Accelerates in September

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LaborIQ Announces Referral Partnership with Paycor In the Press

LaborIQ Announces Referral Partnership with Paycor

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U.S. Job Growth Continues to Cool Labor Market Reports

U.S. Job Growth Continues to Cool

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2024 Compensation Benchmarking Guide (+ Template)

2024 Compensation Benchmarking Guide (+ Template)

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Not All Compensation Data Is Equal

Not All Compensation Data Is Equal

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Know Your Company's Compensation Health Score?

Know Your Company's Compensation Health Score?

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Job Growth Has Normalized and That's Okay Labor Market Reports

Job Growth Has Normalized and That's Okay

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Concealing Compensation: How It Impacts Your Business & Employees

Concealing Compensation: How It Impacts Your Business & Employees

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Economy Added a Solid 209,000 Jobs in June Labor Market Reports

Economy Added a Solid 209,000 Jobs in June

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How to Implement Pay Transparency Without Causing Turmoil in Your Workplace

How to Implement Pay Transparency Without Causing Turmoil in Your Workplace

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Closing the Pay Gap: Strategies for Achieving Pay Transparency in the Workplace

Closing the Pay Gap: Strategies for Achieving Pay Transparency in the Workplace

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How to Calculate a Market-Based Salary to Attract Top Talent

How to Calculate a Market-Based Salary to Attract Top Talent

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A Boomer's Reflections on the Business Impact of Remote Work

A Boomer's Reflections on the Business Impact of Remote Work

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Job Growth Momentum Across Industries Labor Market Reports

Job Growth Momentum Across Industries

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Businesses Are Hiring:  Robust Job Gains in May Labor Market Reports

Businesses Are Hiring:  Robust Job Gains in May

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Despite Layoffs, Unemployment Is Lowest in 50 Years Labor Market Reports

Despite Layoffs, Unemployment Is Lowest in 50 Years

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Circa Announces LaborIQ Compensation Solution In the Press

Circa Announces LaborIQ Compensation Solution

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More than 1 Million Jobs Added in 2023 Labor Market Reports

More than 1 Million Jobs Added in 2023

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How Slow-Recovery Industries Are Reviving Since the Pandemic

How Slow-Recovery Industries Are Reviving Since the Pandemic

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Why Businesses are Feeling the Pinch of Higher Interest Rates

Why Businesses are Feeling the Pinch of Higher Interest Rates

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Job Spotlight: Administrative Assistant

Job Spotlight: Administrative Assistant

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How Does The Unemployment Rate Affect Hiring?

How Does The Unemployment Rate Affect Hiring?

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Labor Market Momentum Continued in February with 311,000 Added Jobs Labor Market Reports

Labor Market Momentum Continued in February with 311,000 Added Jobs

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Inflation: What Does It Mean for the Job Market?

Inflation: What Does It Mean for the Job Market?

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Labor Market Trends in 2023

Labor Market Trends in 2023

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Why Backfilling Roles Will Be Necessary in 2023

Why Backfilling Roles Will Be Necessary in 2023

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Top Retention Hacks for 2023

Top Retention Hacks for 2023

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Returning to the Office in 2023

Returning to the Office in 2023

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2023 Hiring Trends

2023 Hiring Trends

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The Role of Backfilling Jobs and Compensation

The Role of Backfilling Jobs and Compensation

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Head-Scratching Job Gains in January: Labor Market Remains Hot Labor Market Reports

Head-Scratching Job Gains in January: Labor Market Remains Hot

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What's Happening to Remote Work

What's Happening to Remote Work

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Wage Growth Slows to 4.6% Labor Market Reports

Wage Growth Slows to 4.6%

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What SB 1162 Pay Transparency Legislation Means for Your Organization

What SB 1162 Pay Transparency Legislation Means for Your Organization

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5 Keys to 2023 Compensation Planning

5 Keys to 2023 Compensation Planning

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Pay Transparency Laws Force Employers to Address Pay Parity

Pay Transparency Laws Force Employers to Address Pay Parity

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Webinar Replay: 2023 Hiring Outlook Video

Webinar Replay: 2023 Hiring Outlook

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The Labor Market Has Not Gotten the Memo Labor Market Reports

The Labor Market Has Not Gotten the Memo

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7 of 10 Workers Likely to Demand the Top of the Salary Range

7 of 10 Workers Likely to Demand the Top of the Salary Range

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Labor Market Rolling Strong with 261,000 Jobs Added in October Labor Market Reports

Labor Market Rolling Strong with 261,000 Jobs Added in October

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Do You Trust Your Compensation Data?

Do You Trust Your Compensation Data?

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The Boomerang Employee: Rehiring Former Talent

The Boomerang Employee: Rehiring Former Talent

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Why Retaining HR Professionals Is a Wise Move

Why Retaining HR Professionals Is a Wise Move

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The Value of Embracing Diversity and Inclusion in the Workplace

The Value of Embracing Diversity and Inclusion in the Workplace

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Inflation: How It Impacts Working Parents and Child Care Costs

Inflation: How It Impacts Working Parents and Child Care Costs

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Job Swimming: Meeting Expectations

Job Swimming: Meeting Expectations

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Do you need a compensation solution?

Do you need a compensation solution?

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A Guide to Supporting Laid Off Employees

A Guide to Supporting Laid Off Employees

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The Return To Office: Impact on Turnover and Compensation Demands

The Return To Office: Impact on Turnover and Compensation Demands

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Which Compensation Data Should You Be Analyzing?

Which Compensation Data Should You Be Analyzing?

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A Step-by-Step Guide to the Compensation Planning Process

A Step-by-Step Guide to the Compensation Planning Process

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A Handy Compensation Benchmarking Template

A Handy Compensation Benchmarking Template

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What is Compensation Analysis?

What is Compensation Analysis?

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Compensation Benchmarking: Your Questions Answered

Compensation Benchmarking: Your Questions Answered

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Recession Proof Your Business’ Hiring Strategy

Recession Proof Your Business’ Hiring Strategy

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The Record High CPI and its Impact on Recruitment

The Record High CPI and its Impact on Recruitment

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Recruiting for Transferable Skills

Recruiting for Transferable Skills

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Recruiting Firms: How to Remain In Demand

Recruiting Firms: How to Remain In Demand

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Gas Prices and the Impact on Remote Work

Gas Prices and the Impact on Remote Work

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Show Me the Money: Pay Transparency Pros and Cons

Show Me the Money: Pay Transparency Pros and Cons

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Proactive Steps to Prepare for New Pay Transparency Laws

Proactive Steps to Prepare for New Pay Transparency Laws

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Tech Jobs In Demand: What the Data Reveals

Tech Jobs In Demand: What the Data Reveals

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Interest Rates Hike Again: Consumer Demand at Stake

Interest Rates Hike Again: Consumer Demand at Stake

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Workplace Communication Across Generations

Workplace Communication Across Generations

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Overcoming Compensation Management Challenges

Overcoming Compensation Management Challenges

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Removing Bias From Your Compensation Planning

Removing Bias From Your Compensation Planning

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The Ins and Outs of Salary Benchmarking

The Ins and Outs of Salary Benchmarking

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It’s More Than Money: Attracting Top Talent Beyond Compensation

It’s More Than Money: Attracting Top Talent Beyond Compensation

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Innovative Retention Techniques: Creative Workplace Benefits

Innovative Retention Techniques: Creative Workplace Benefits

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Bidding for Interns: A Quick Run-Down

Bidding for Interns: A Quick Run-Down

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The Need For Speed: Being Quick & Proactive in the Hiring Game

The Need For Speed: Being Quick & Proactive in the Hiring Game

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The New Relocation Game

The New Relocation Game

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Leveraging Technology in Your HR Restructuring Strategies

Leveraging Technology in Your HR Restructuring Strategies

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Attracting Recruits with Big Salaries May Create Unfair Pay Gaps

Attracting Recruits with Big Salaries May Create Unfair Pay Gaps

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How Restructuring HR Can Improve Employee Experience

How Restructuring HR Can Improve Employee Experience

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Navigating The Competitive Labor Market Post-Great Resignation

Navigating The Competitive Labor Market Post-Great Resignation

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Everything You Need to Know About Compensation Analysis

Everything You Need to Know About Compensation Analysis

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Job Spotlight: Operations Manager

Job Spotlight: Operations Manager

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It’s That Time Again! Bring on the Mid-Year Compensation Reviews

It’s That Time Again! Bring on the Mid-Year Compensation Reviews

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Break Free From Spreadsheets

Break Free From Spreadsheets

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Headcount Planning Steps for Solid Employee Retention

Headcount Planning Steps for Solid Employee Retention

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How to Avoid the Dreaded 90-Day Turnaround

How to Avoid the Dreaded 90-Day Turnaround

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Opportunities uring the “Great ReAssignment”

Opportunities uring the “Great ReAssignment”

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Counter Offering the Counteroffer

Counter Offering the Counteroffer

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Do Student Loan Benefit Plans Improve Employee Retention?

Do Student Loan Benefit Plans Improve Employee Retention?

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Job-Based vs. Location-Based Pay

Job-Based vs. Location-Based Pay

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Returning to the Office: Risks and Benefits

Returning to the Office: Risks and Benefits

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Market Intelligence to Fuel Your Hiring Strategy

Market Intelligence to Fuel Your Hiring Strategy

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Diversity Recruiting in 2023

Diversity Recruiting in 2023

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Competing Against More Than Pay

Competing Against More Than Pay

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Employee Expectations in 2022

Employee Expectations in 2022

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How Upskilling and Reskilling Yields Returns for Employers

How Upskilling and Reskilling Yields Returns for Employers

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4 Must-Have Books, Podcasts and Tools for HR Pros

4 Must-Have Books, Podcasts and Tools for HR Pros

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Job Spotlight: HR Managers in High Demand

Job Spotlight: HR Managers in High Demand

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A Simple Plan for Sustaining a Quality Candidate Journey

A Simple Plan for Sustaining a Quality Candidate Journey

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2022 Hiring Trends

2022 Hiring Trends

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Hot Job Spotlight: Digital Marketing Manager

Hot Job Spotlight: Digital Marketing Manager

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Reduce HR Costs with Hyper Automation

Reduce HR Costs with Hyper Automation

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5 Essential Job Market Indicators That Impact Hiring

5 Essential Job Market Indicators That Impact Hiring

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Key Factors in Determining the Right Salary Offer

Key Factors in Determining the Right Salary Offer

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What Makes a Location Ideal for Talent Acquisition?

What Makes a Location Ideal for Talent Acquisition?

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5 Keys to 2023 Compensation Planning

December 21, 2022

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Recruiting for Transferable Skills

July 20, 2022

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Headcount Planning Steps for Solid Employee Retention

April 21, 2022

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Counter Offering the Counteroffer

April 5, 2022

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Job-Based vs. Location-Based Pay

April 4, 2022

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How Upskilling and Reskilling Yields Returns for Employers

February 2, 2022

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