27 Sep The Power of Using Incentive Plans to Set Three Goals for Employees
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....
24 Sep Why is Three the Magic Number for Incentive Plan Metrics?
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...
19 Sep What is the Rule of Threes & Why Does It Exist?
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...
17 Sep Common Incentive Plan Challenges & Effective Ways to Address Them
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...
03 Sep The Elements of a Strong Incentive Plan
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...
29 Aug HRsoft Named to Constellation ShortList™ for Compensation Management
HRsoft’s COMPview a Leading Global Solution for Transforming Business Models and Effective Compensation Decisions Blue Bell, PA and Maitland, FL – July 21, 2019 — HRsoft today announced it was named to...
27 Aug Supporting Your Total Rewards Strategy with a Strong Culture & Brand
Your company culture and brand can have a significant impact on the ways in which your current and prospective employees view your organization. They can also work for – or...
21 Aug The Importance of Career Development in Your Total Rewards Strategy
Career development is an important component of total rewards, and it’s the biggest driver of engagement among Millennial employees. It gives the employee a clear roadmap which details what they’ll...
16 Aug Performing a Conjoint Analysis for Improved Total Rewards Effectiveness
Total Rewards Offering an array of total rewards options that align with current and prospective employees’ expectations and needs is now more important than ever for attracting and retaining talent....
13 Aug 4 Elements of Total Rewards to Consider in Your Organization
Crafting a robust total rewards strategy for your company requires you to consider a few key elements. As you do so, it can be helpful to ask yourself a series...