Without a formal pay system, employers run the risk of unintentionally making unfair pay decisions. Thus, every organization should have standard salary planning processes and administration in place to avoid...
For multinational corporations, having international compensation planning software is an absolute must. Compensation planning is complex enough to manage without factoring in differences from one country to the next. As...
Collecting data from market surveys in a critical step in any compensation planning process, but it’s how you use the data that’s most important. Here, we’ll go through some tips...
One of the most important components of an effective compensation planning process is gathering and using market data. By analyzing external pay data, you can compare your own pay policies...
The Technology Headlines, a magazine that speaks on the evolution of technology and industry trends, recently released its December edition: “Company of the Year – 2017.” In the issue, the...
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...
Successfully handling comparable worth and equal pay practices proves to be a challenge for organizations. In an HRsoft poll, 50% of survey respondents rated their organizations’ comparable worth and equal...
In order to ensure a defensible and equitable compensation plan, organizations should adopt a step-by-step process to oversee equal pay processes. By writing detailed job descriptions, performing job valuing, and...
This is a time of year where many companies look back to appreciate all they have accomplished. As I reflect on 2017, I'm filled with gratitude for the many great...
In itself, compensation presents enough challenges for organizations. With tight budgets and a number of factors to consider for every pay decision, it’s difficult for companies to ensure they’re paying...