Performance Compensation Models: Why Do They Work?
As markets become more and more competitive, the concept of pay for performance or performance compensation has emerged as a suitable alternative.
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Tips for Developing a Powerful Compensation Philosophy
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.
Compensation Management Software – The Key to Strategic Compensation Planning
Compensation Management Software can reduce the tedious labor of personnel-driven analysis, tracking and planning out of the process.
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.
