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...
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...
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...
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...
Compensation solutions use technology and automation to address some of the most complex compensation management challenges. And, oftentimes one of those challenges is managing pay plans for different groups of...
Many HR professionals find themselves facing down complex compensation plans, and are left wrangling error-prone, cumbersome spreadsheets. If this sounds familiar, your organization is likely an ideal candidate for a...
Technology evolves quickly, as do the needs of your organization. The best compensation management software should therefore leverage up-to-date technology and have the ability to scale with your business. As...
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...
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...
A quick search for “compensation definition” tells us that this important aspect of business refers to the “direct and indirect benefits that a worker receives from an employer.” Yet, compensation...
