24 May What is Performance-Based Pay?
Performance-related pay, or pay for performance, is a financial rewards system in which all or some of employees’ monetary compensation is related to how their performance is assessed relative to...
20 May 3 Enterprise Compensation Management Trends to Watch For
In recent years, dramatic shifts have taken place across the economy, and these changes have caused ripple effects in the ways we’re paying employees. While factors like low unemployment support...
16 May 5 Must-Have Elements for Every Compensation Management Process
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...
13 May What is the Modern-Day Compensation Definition?
Today a search for compensation definition will yield results such as “topics in regard to wage and/or salary programs and structures,” or some variation of that phrasing. Yet, compensation meanings...
07 May 3 Outcomes Only the Best Compensation Management Software Can Achieve
To design an effective compensation plan, you must manage a complex set of variables. This is further complicated by the fact that compensation has its own unique set of goals:...
30 Apr Does Your Compensation Solution Help You Appeal to Talent?
Indeed.com recently revealed its list of top-rated workplaces for compensation and benefits. Year after year, many of the same employers tend to make the list, leaving professionals to wonder: what...
25 Apr Do Your Employees Understand Their Compensation Definition?
The ability to understand your company’s compensation definition, or the way pay is calculated, is important for employee satisfaction. Because compensation meanings and calculations can differ in every company, your...
22 Apr 4 Questions Enterprise Compensation Management Should Answer
Enterprise compensation management (ECM) refers to the ways in which pay policies are administered, organized, and automated in companies. Because compensation accounts for a significant portion of overall business costs...
19 Apr How to Address the Gender Pay Gap with Effective Enterprise Compensation Management
Determining whether there is a gender pay gap and taking appropriate measures to address it has become an increasingly important priority for companies across the U.S. There are many reasons...
15 Apr 5 Goals to Remember During the Compensation Management Process
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...