It has not been quite 100 years since the 19th amendment was ratified, giving women the constitutional right to vote. Now, after nearly a century, the U.S. still has catching...
The idea that a “gender pay gap” exists is nothing new. It is a hotly debated topic which has gained the increasing attention of employers across the U.S. in recent...
Merit pay can be an effective tool for improving morale, retaining your top performers, and driving loyalty. Yet, rewarding employees without a plan can have the opposite effect: it may...
In today’s high employment environment, companies seem to be doing more than ever to engage and retain their key employees. In most cases, they are trying to do so by...
Check out our most popular articles from last month! Why Automate Compensation Planning - HRsoft 3 Practical Tips to Prepare for Salary Planning - HRsoft Reports of Sky-High CEO Pay Fuel...
Most companies need to adjust their salary ranges frequently. Performing a compensation analysis ensures your organization’s pay decisions are in line both external factors, such as current market trends, as...
Compensation planning is an essential element of any successful business. Making strategic pay decisions can help to support an engaged workforce, as compensation is an important factor in employee satisfaction....
Salary planning typically requires an extensive investment of time and effort for compensation professionals. It requires collaboration among finance departments and other key stakeholders to determine salary budget recommendations, as...
In large organizations, the compensation planning cycle can be complex and resource-intensive. To minimize the administrative burden on HR teams, companies can implement compensation management software. Featuring easy-to-use tools, this...
Compensation statements, also sometimes referred to as employee benefit statements or total reward statements, give employees an in-depth look at how they’re being rewarded. While some employers view them as...