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The Key Components of a Performance-Based Pay System

To be effective, every performance-based pay system must encompass a few key elements. These include clear objectives, a thorough performance process, and a tool to support your pay-for-performance initiatives.

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The Pillars of an Effective Compensation Management Process

The overarching objective behind your organization’s compensation management process is to pay your employees fairly without exceeding its budget. Yet, beyond this primary goal lie important pillars, each of which must be satisfied to achieve better bottom-line results for your company.

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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 demotivate employees and send your best talent searching for other opportunities.

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5 Must-Have Components of a Compensation Management System

By optimizing your approach to compensation, you can go beyond pay and spur continuous improvement across your organization.

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