19 May Linking Compensation and Performance Management
The overarching goal of the compensation strategy is to make sure an organization has the right amount of money necessary to motivate the types of performance needed to achieve the...
compensation management software solutions Tag
19 May How to Link Business Strategy to Compensation Strategy
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...
12 May The Key Principles of Compensation
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...
06 May HRsoft Named Ultimate Software’s Partner of the Year
We are proud to announce HRsoft received Ultimate Software’s Partner of the Year Award! This award was presented in March at Ultimate Software’s annual Customer Conference, Connections, in Las Vegas, Nevada....
20 Apr The 5 Key Objectives of Compensation Management
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...
19 Sep What is the Rule of Threes & Why Does It Exist?
The Rule of Threes is a simple yet powerful approach to incentive planning. It provides guidelines help organizations maintain a healthy degree of control over incentive pay, yet allow for...
04 Apr What to Look for in the Best Compensation Management Software for 2019
Technology evolves quickly, as do the needs of your organization. The best compensation management software should therefore leverage up-to-date technology and have the ability to scale with your business. As...
01 Apr 4 Questions Enterprise Compensation Management Should Answer
Enterprise compensation management (ECM) refers to the ways in which pay policies are administered, organized, and automated in companies. Because compensation accounts for a significant portion of overall business costs...
26 Mar 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...
24 Dec How to Get Started With Compensation Design
Oftentimes when managers discuss pay with their employees, they encounter questions for which they may not have an answer. Employees want to know that they are receiving fair pay for...
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