Perform a quick online search for “compensation definition” and you’re bound to yield thousands of results. The Oxford Dictionary defines it as “the money received by an employee from an...
Do your employees know exactly how well taken care of they are by your organization? Do you spend a lot of time researching competitors, drafting compensation strategies and determining just...
While recruiting, engagement and retention get all the headlines, you can see how compensation plays a vital role in each of them. With a competitive compensation plan in place, you...
The compensation management process lays the foundation for a company culture that recognizes and rewards strong performance. When done correctly, it ensures employees are paid fairly and have the incentives...
There are many ways to incentive performance in an organization. Typically grouped together under the umbrella term “pay for performance plans,” employers may choose among merit programs, bonus options, and...
Communicating total rewards is an important aspect of any retention and engagement strategy. While compensation may indeed only be one piece of what works to attract and retain employees, it...
Designing a compensation program aligned with their business needs and talent management strategy is one of the most powerful methods employers can use to attract and retain talent. Yet, even...
Short term incentive administration refers to the awards given in a time period of up to one year. Also sometimes referred to as annual incentives, short-term incentives are typically tied...
HRsoft, the Global Leader in Compensation Management Software, today announced it was again named to the Constellation ShortList™ for Compensation Management. Constellation Research, an award-winning Silicon Valley based strategic advisory...
One of the sure-fire ways to engage your top performing employees is to offer them rewards for achieving certain performance goals and milestones. Cultivating a pay for performance culture within...
