A compensation philosophy aims to ensure pay is market-competitive and aligned to the business strategy. To support these two factors, there are six components, or goals, of compensation philosophy: Attract...
For the majority of organizations, the core principles of compensation involve striking a balance between paying in a way that is externally competitive and internally fair. Yet, there are many...
For a company’s compensation strategy to be effective, it must be linked to the overall business strategy. Because compensation accounts for 30-60% of business costs, it is essential for organizations...
COMPview is HRsoft’s cloud-based planning tool that allows clients to control their compensation process, sensitive and personal compensation data, and managers’ budget and guideline adherence. Here at HRsoft, we’re serious about...
Transparency: it seems to be a buzzword we can’t get away from, and it’s being increasingly applied to nearly every aspect of the workplace. In specific, there seems to be...
Most HR professionals already understand the most common objectives of compensation management: the idea is to pay your employees fairly while staying in line with the company budget. However, understanding the...
In this video from the webinar, Simplifying Complex Compensation, Brian Sharp, Chief Marketing Officer at HRsoft, discusses the evolving challenges associated with compensation management. Looking for more info on compensation management...
In this video from the webinar, Simplifying Complex Compensation, Luke Malloy, VP of Compensation at Ameriprise Financial, talks about how his organization went through the research process and found the...
In this video from the webinar, Simplifying Complex Compensation, Luke Malloy, VP of Compensation at Ameriprise Financial, describes the rollout & training plan that his organization used to implement a...
In this video from the webinar, Simplifying Complex Compensation, Luke Malloy, VP of Compensation for Ameriprise Financial, describes the challenges that Ameriprise faced when implementing a new compensation management system...