Economic uncertainty, remote work, and quiet quitting are all diverse variables requiring innovative compensation programs to win the talent war. Here are the top compensation trends picking up steam in 2023.
As SaaS (software as a service) and cloud technology become more commonplace in Compensation Management
In today’s job market, attracting and retaining top talent has become more challenging. Companies need to educate their employees on the various components of their pay package, rather than assuming they understand their offer letter or pay stub.
Focusing on salary no longer cuts it for most organizations, so it is important for companies to differentiate themselves on the basis of a rewarding work environment instead of just money. Total compensation has emerged as a great tool for retention. Its focus attempts to make the company talent aware of all that it is […]
While we are reaching the mid-mark of 2020, let’s review how compensation management will play as important a role as ever in attracting and retaining the best talent for your organization. This includes not only offering competitive pay, but also providing the total rewards options that your workforce wants and expects. While it’s important to […]
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 business strategy. To that end, compensation should tie into the overall performance management strategy. Your practices must therefore be understood by employees and based on […]
