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17 Nov 5 Goals to Remember During the Compensation Management Process

Posted at 08:00h in Blog
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With so many requirements to satisfy throughout the compensation management process, it’s easy to lose sight of the true purpose of compensation. Yet, being that it’s the very thing that...

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16 Nov Supporting Your Total Rewards Strategy with a Strong Culture & Brand

Posted at 08:00h in Blog
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Your company culture and brand can have a significant impact on the ways in which your current and prospective employees view your organization. They can also work for – or...

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16 Nov What Can Compensation Analysis Software Do for Your Company?

Posted at 08:00h in Blog
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When your company adjusts is salary ranges, performing a compensation analysis enables you to make sure pay decisions align with both internal and external considerations, such as market trends and...

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16 Nov 4 Critical Mistakes to Avoid for Performance-Based Pay

Posted at 08:00h in Blog
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When implemented correctly, performance-based pay has the potential to be straightforward and effective. That doesn’t mean that it’s failproof, however. When organizations find that their performance-based pay plan fails to...

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performance compensation

10 Nov Performance Compensation Models: Why Do They Work?

Posted at 08:00h in Blog
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A few decades ago, a HR department’s main job in terms of handling employee pay was compensation calculation. There was a fixed base salary for a particular position and it...

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10 Nov Tips for Developing a Powerful Compensation Philosophy

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A compensation philosophy aims to ensure pay is market-competitive and aligned to the business strategy. To support these two factors, there are six components, or goals, of compensation philosophy: Attract...

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comp management

09 Nov Compensation Management Software – The Key to Strategic Compensation Planning

Posted at 08:00h in Blog
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Where Do Compensation Management Systems Fit Within Your Company? The salary, benefits and paid time off your company offers to your employees is a vital part of maintaining a stable and...

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09 Nov How to Effectively Set Goals for Total Rewards Communication

Posted at 08:00h in Blog
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The reason for developing a Total Rewards Communication system is pretty straightforward: you want a simple, effective way to relay information about employee benefits statements to your associates so that...

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09 Nov The Key Components of a Performance-Based Pay System

Posted at 08:00h in Blog
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To be effective, every performance-based pay system must encompass a few key elements. These include clear objectives, a thorough performance process, and a tool to support your pay-for-performance initiatives. Learn...

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3 Pillars

03 Nov The Pillars of an Effective Compensation Management Process

Posted at 08:00h in Blog
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The overarching objective behind your organization’s compensation management process is to pay your employees fairly without exceeding its budget. Yet, beyond this primary goal lie important pillars, each of which...

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Recent Posts
  • 5 Goals to Remember During the Compensation Management Process
  • Supporting Your Total Rewards Strategy with a Strong Culture & Brand
  • What Can Compensation Analysis Software Do for Your Company?
  • 4 Critical Mistakes to Avoid for Performance-Based Pay
  • Performance Compensation Models: Why Do They Work?
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HRsoft is the industry leader for compensation planning and total rewards software. Our cloud based SaaS solutions combine best of breed features with an intuitive, easy-to-use interface that simplifies and automates the entire compensation process helping companies save time and their best employees.
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