In a today’s world, a digital transformation is occurring around employee engagement. Workers are also much more mobile. thanks to advancements in technologies such as the cloud and collaborative platforms...
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,...
If the goal-setting process is done incorrectly, it can be quite ineffective and actually demoralize team members. On the other hand, using goals the right way can benefit the entire...
Focusing on salary no longer cuts it for most organizations, so it is important for companies to differentiate themselves on the basis of a rewarding work environment instead of just...
Introducing a total rewards system to your company could have significant advantages for your company. For one, it helps employees see the full value of working for your organization. For...
While we are reaching the mid-mark of 2020, let's review how compensation management will play as important a role as ever in attracting and retaining the best talent for your...
The overarching goal of the compensation strategy is to make sure an organization has the right amount of money necessary to motivate the types of performance needed to achieve the...
For a company’s compensation strategy to be effective, it must be linked to the overall business strategy. Because compensation accounts for 30-60% of business costs, it is essential for organizations...
In decades past, employee benefits were considered one of the key drivers for attracting the top employees in their field. Today, things have changed. People want more flexibility, they want...
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...
