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Mar 31, 2023 12:00 PM

Forbes - Real-Time Market Compensation Data Is Not A Panacea

Written by Enrique Esclusa, Co-Founder & Co-CEO, Assemble

How do you decide what to pay an employee? This is a simple and important question with a complex answer. With a volatile labor market, global inflation, and the continued rise of distributed work, it has never been more difficult to answer this question.

Forbes - For An Empathetic People Strategy, Start With Compensation

Press and Events

Mar 28, 2023 12:00 PM

PST

Forbes - For An Empathetic People Strategy, Start With Compensation

Written by Lisa Wallace, Cofounder & Co-CEO Assemble

Compensation is the single most important component of the employee-employer relationship, and as such, should be the bedrock of an organization’s people strategy. Despite its central importance, it is common for even well-intentioned companies to let building a robust compensation program take a backseat to other initiatives. Doing so is dangerous. It weakens a company’s ability to attract and retain talent, especially diverse talent, and it hurts employees and the people who depend on them. As we head into a year of looming economic uncertainty, HR leaders intent on building effective and inclusive people strategies should begin with compensation first.

Forbes - Five Hidden Costs Of Employee Attrition

Press and Events

Mar 21, 2023 8:00 PM

PST

Forbes - Five Hidden Costs Of Employee Attrition

Written by Lisa Wallace, Cofounder & Co-CEO, Assemble

The cost of employee attrition is higher than you think. The recent tech downturn has catalyzed a dramatic cooling of the once-hot tech labor market, causing more than 100,000 layoffs as of March 2023. As organizations adapt to this period of austerity and refocus on profitability, their HR strategies are moving from a talent attraction focus to one of talent retention.

Forbes - Compensation’s Role In The Rise Of Strategic Finance

Press and Events

Feb 27, 2023 7:00 PM

PST

Forbes - Compensation’s Role In The Rise Of Strategic Finance

Written by Enrique Esclusa, Co-Founder & Co-CEO, Assemble

We’re witnessing the Finance function reinventing itself as “Strategic Finance” in real-time, shifting from a supporting function focused on analyzing the past to driving decisions that play a central role in shaping their company’s future. Finance teams are tasked with planning, analyzing, and supporting the allocation of a company’s financial resources. Naturally, this has always involved compensation, as it typically represents the largest operating expense for a company. But in this new era, merely overseeing compensation will not suffice — Strategic Finance teams must be deeply involved in understanding compensation, helping drive strategic decisions over their company’s most important investment: their people.

Forbes - Compensation Is Hitting Its Digital Transformation Moment

Press and Events

Feb 8, 2023 12:00 PM

Forbes - Compensation Is Hitting Its Digital Transformation Moment

Written by Lisa Wallace and Enrique Esclusa, Cofounders & Co-CEOs, Assemble

Compensation is experiencing its digital transformation moment. What is the full value of my compensation? How was it determined, and by whom? Am I paid competitively in the market? With the 2022 merit and bonus season behind many of us, and a year of looming economic uncertainty ahead, more employees and companies across America are asking hard questions about compensation than ever before.

Forbes - Four Predictions For Pay Transparency Laws In 2023

Press and Events

Feb 1, 2023 12:00 PM

PST

Forbes - Four Predictions For Pay Transparency Laws In 2023

Written by Lisa Wallace, Co-Founder & Co-CEO, Assemble

Pay transparency in the United States is headed for a banner year in 2023. A wave of pay transparency legislation has been passed and enacted across several of the most populous states in the country, including New York, California, and Washington, with more legislation in draft in Massachusetts, South Carolina, and other jurisdictions. Despite the onslaught of new laws, one source estimates that a paltry 39% of employers in California are prepared. This suggests that many companies will need to dramatically mature and adapt their pay practices to this new reality, which will have a significant effect on millions of employees as businesses make the necessary changes to get in compliance and become more transparent.