How to Design a Fair & Equitable Compensation Program
October 26, 2020
Here are the two main components you can use to design a fair, equitable compensation program.
Explore our blog to learn more about best practices, trends and other insights related to compensation management.
Here are the two main components you can use to design a fair, equitable compensation program.
Using goals the right way can benefit the entire organization and improve overall performance. Keep in mind, the goals must be measurable and attainable.
Many companies are doing away with their annual appraisal systems from GE to Goldman Sachs and more. Still, how can you determine pay without performance ratings?
Managing bonus cycles can be complicated by the increase in remote working, missing or outdated data and by shifting market conditions. Any one of those factors can easily confuse calculations.
Perform a quick online search for “compensation definition” and you’re bound to yield thousands of results. But is that really all compensation is?
A total rewards philosophy consists of personalized statements that draw attention to the perks that make the most sense to the employee.
Get a personalized demo of HRSoft to discover how our compensation solutions can help your business.