A strong compensation program is one that’s fair, equitable, and compliant with new labor laws. While achieving this trifecta isn’t always easy, it is possible when you follow a few...
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,...
Employers can add many attractive programs to appeal to candidates looking to improve their employment opportunities, but adding all the “loyalty builders” in the world won’t work if an employer...
Within recent years, we’ve seen some new workforce challenge take shape, affecting employers across virtually all industries. To create plans for addressing these challenges, it’s helpful to explore each workforce...
Workforce challenges vary by industry, location, and other differentiating factors, but rising employee turnover rates affect virtually all employers. Here, we’ll take a look at why turnover is such a...
Check out our most popular articles from last month! Café Classic: Balancing Process and Outcomes- How “Silo” Thinking Can End Up Rewarding the Wrong Thing. Compensation Cafe How to Bring Reward...
Here at HRsoft, we’re committed to finding compensation planning solutions that work for you. Because each organization has its own distinct needs, however, a “one-size-fits-all” approach doesn’t work. That’s why...
Variable compensation is a way of paying employees based on their individual performance or that of their team. BusinessDictionary notes that variable pay is also sometimes called “pay at risk,”...
Incentive compensation is one form of the popular “pay for performance” compensation models organizations are using to foster better performance through financial rewards. While using incentives like raises, bonuses, and...
Equity compensation is a form of payment an organization can offer employees to partake in ownership of the firm. Equity pay is available in many different forms, including stock options,...