A quick search for “compensation definition” tells us that this important aspect of business refers to the “direct and indirect benefits that a worker receives from an employer.” Yet, compensation...
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...
Employees now seek a few distinct qualities in their work experience. Because digitization has altered their lives outside the organization, they expect to see the same results inside the workplace....
Recently, the latest version of our COMPview Software, v9.6, was released. As it is our objective to drive consistent improvement to fully meet our clients’ needs, we are pleased to...
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,”...
Keeping an eye on compensation management trends can be helpful for HR professionals as they strategize and develop pay plans for their own organizations. As we head into a new...
Compensation planning is wrought with countless challenges, and factors like changing labor laws and a diverse workforce are making it even more difficult for compensation teams to keep up. It’s...
One important component to building a competitive compensation plan is establishing a Pay-for-Performance model. Here, I share why a Pay-for-Performance model might be useful for your organization, as well as...
When designing a compensation strategy, most companies have similar goals: the plan should be competitive enough to attract, engage, and retain top talent. For that to work effectively, you must...
Communicating compensation updates, changes, and general information can be challenging for organizations. Oftentimes, HR teams have questions about how they can best approach the topic and clearly yet strategically relay...