Compensation management is inherently complex, but the ways in which we approach it don’t have to be complicated. In fact, some of the most powerful methods for managing employee pay are also the simplest. While you may be familiar with many of the following principles, revisiting them can help reframe your compensation priorities and practices. […]
The needs and expectations of today’s workforce are more diverse than ever. To keep employees engaged and to reward them appropriately, organizations must use robust compensation programs that go beyond base pay to factor in elements of total rewards. As compensation becomes increasingly complex, it’s essential to leverage tools that support streamlined processes and simplified […]
Performance-based pay is a type of compensation that rewards employees for their contributions. Read how performance-based pay works.