Check out our most popular articles from last month! HRsoft Partners with Compensation & HR Group to Create Compensation Business Partner -HRsoft 3% Salary Increases Put Greater Focus on Variable Pay - SHRM Why Potential Rewards...
In pursuit of continuously providing an excellent customer experience, HRsoft is pleased to announce a few recent changes. To respond to our ongoing growth, some of our roles are evolving...
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...
Long term incentive administration utilizes performance-driven programs over the course of multiple years to compensate employees. Here, we discuss some basic options for long term incentive plans to help you...
Many organizations need to review their compensation administration practices from time to time. While compensation isn’t the only motivator you can use to drive employee performance, it is an important...
When executed effectively, bonus administration can incentivize improved performance. It also provides the recognition most employees seek, which can support employee engagement and help you retain your top talent. However,...
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...
A strong compensation program is one that’s fair, equitable, and compliant with new labor laws. While achieving this trifecta isn’t always easy, it is possible when you follow a few...
In order to develop a compensation program that’s both fair and equitable, employers need to take into account internal factors as well as external market data. By conducting market analyses,...
Employers can add many attractive programs to appeal to candidates looking to improve their employment opportunities, but adding all the “loyalty builders” in the world won’t work if an employer...