04 Sep 5 Tips for Effective Merit Planning
Merit pay can be an effective tool for improving morale, retaining your top performers, and driving loyalty. Yet, rewarding employees without a plan can have the opposite effect: it may...
04 Sep When it comes to Employee Engagement, is Employee Satisfaction Satisfactory?
In today’s high employment environment, companies seem to be doing more than ever to engage and retain their key employees. In most cases, they are trying to do so by...
04 Sep Top 10 Blog Posts – September 2018
Check out our most popular articles from last month! Why Automate Compensation Planning - HRsoft 3 Practical Tips to Prepare for Salary Planning - HRsoft Reports of Sky-High CEO Pay Fuel...
30 Aug A Quick Guide to Conducting a Compensation Analysis
Most companies need to adjust their salary ranges frequently. Performing a compensation analysis ensures your organization’s pay decisions are in line both external factors, such as current market trends, as...
27 Aug Why Automate Compensation Planning?
Compensation planning is an essential element of any successful business. Making strategic pay decisions can help to support an engaged workforce, as compensation is an important factor in employee satisfaction....
23 Aug 3 Practical Tips to Prepare for Salary Planning
Salary planning typically requires an extensive investment of time and effort for compensation professionals. It requires collaboration among finance departments and other key stakeholders to determine salary budget recommendations, as...
20 Aug How Does Compensation Management Software Help Employers?
In large organizations, the compensation planning cycle can be complex and resource-intensive. To minimize the administrative burden on HR teams, companies can implement compensation management software. Featuring easy-to-use tools, this...
16 Aug What is the Purpose of a Compensation Statement?
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...
13 Aug Does Incentive Compensation Really Motivate Employees?
Employers know that pay matters, but to what degree can it be used to drive performance? This question has sparked debate among compensation professionals for years. Incentive compensation continues to...
09 Aug 3 Signs It’s Time to Consider Compensation Software
For compensation professionals, using outdated methods to calculate employee pay is tedious and inefficient. While upgrading to compensation software may seem daunting, making a change can go a long way...