If you’re looking for technology to support your compensation planning process, you may be comparing different types of solutions. While you might wonder whether you can continue using spreadsheets or...
The needs and expectations of today’s workforce are more diverse than ever. To keep employees engaged and to reward them appropriately, organizations must use robust compensation programs that go beyond...
Compensation software is a solution that allows you to streamline the process of planning and administering your company’s pay strategy. It guides, controls, and simplifies the allocation of your compensation...
If you’ve determined a need for compensation management software in your organization, one important step in your journey towards implementation is getting your C-suite on board. Making the case for...
In the pursuit of meeting every employee’s unique needs and expectations while incentivizing key performance outcomes, some organizations design and implement a number of robust incentive plans. Yet, this often...
The Rule of Threes is a practical and effective approach to incentive pay which states that there should be no more than three defined goal levels for each incentive plan....
The Rule of Threes states that there should be no more than three metrics involved with any incentive plan. But what makes the number three so powerful when it comes...
The Rule of Threes is a simple yet powerful approach to incentive planning. It provides guidelines help organizations maintain a healthy degree of control over incentive pay, yet allow for...
When preparing for and designing incentive plans, organizations tend to run into three main challenges. For one, there are some “big” objectives you want or need people to accomplish. These...
Designing, managing, and communicating incentive plans are some of the most challenging hurdles HR and compensation teams face today. Great plans cannot be generic, as they must be able to...