Month: May 2020

What are the Advantages of a Total Rewards System?

Total rewards statements can be useful for communicating the comprehensive valuation of employment to your teams, but some organizations are choosing an even more powerful approach to drive engagement, retention, and improve overall business outcomes: a total rewards system. Unlike employee benefit statements, total reward systems are not just a once-yearly event. Instead, they take […]

Written by on May 4, 2020

The Definition of Compensation Management

The Definition of Compensation Management: In simple terms, compensation is everything that a company offers its employees in return for their talent and time. When organized the right way, compensation dollars can be strategically leveraged to reduce turnover, boost employee engagement and attract top talent. The purpose of compensation management is to make the most […]

Written by on May 1, 2020