What is Pay for Performance?
It is crucial to design a P4P plan based on your company’s business goals and budget. So then, how does it work?
Month: October 2020
How to Design a Fair & Equitable Compensation Program
Here are the two main components you can use to design a fair, equitable compensation program.
How to Use Goals to Improve Productivity
Using goals the right way can benefit the entire organization and improve overall performance. Keep in mind, the goals must be measurable and attainable.
How to Determine Pay Without Performance Ratings
Many companies are doing away with their annual appraisal systems from GE to Goldman Sachs and more. Still, how can you determine pay without performance ratings?
4 Strategies to Successfully Manage your Bonus Cycles
Managing bonus cycles can be complicated by the increase in remote working, missing or outdated data and by shifting market conditions. Any one of those factors can easily confuse calculations.
Compensation: Definition & Impact on Your Organization
Perform a quick online search for “compensation definition” and you’re bound to yield thousands of results. But is that really all compensation is?