05 Nov 3 Things HR Compensation Professionals Need to Know About Employee Pay
Compensation is the way in which you reward employees in exchange for their services. Not only is it the foundation of a productive workforce; it can also be used to...
compensation management Tag
01 Nov How Compensation Planning Software Prevents Your Company from Losing Money
Compensation planning software delivers a number of benefits for companies that use it. With the ability to simplify calculations through tools like automated currency conversions, approval hierarchies and workflows to...
04 Oct Key Recommendations for Addressing the Gender Pay Gap
The gender pay gap presents a complex challenge for employers. While there are many historical, political, and cultural forces at play, these must be balanced with accurate and relevant data....
01 Oct Western Management Group Compensation Survey Results: Noteworthy Findings on the Gender Pay Gap & More
Although they have conducted compensation surveys since the 1970s, Western Management Group (WMG) has never collected gender data in the U.S. In recent years as the gender gap issue gained...
20 Aug How Does Compensation Management Software Help Employers?
In large organizations, the compensation planning cycle can be complex and resource-intensive. To minimize the administrative burden on HR teams, companies can implement compensation management software. Featuring easy-to-use tools, this...
07 Dec Tips for Developing a Defensible & Equitable Compensation Plan Structure
In order to ensure a defensible and equitable compensation plan, organizations should adopt a step-by-step process to oversee equal pay processes. By writing detailed job descriptions, performing job valuing, and...
05 Dec How Can Compensation Technology Help You Achieve Equitable Pay Practices?
In itself, compensation presents enough challenges for organizations. With tight budgets and a number of factors to consider for every pay decision, it’s difficult for companies to ensure they’re paying...
03 Nov A Guide to Long Term Incentive Administration
Long term incentive administration utilizes performance-driven programs over the course of multiple years to compensate employees. Here, we discuss some basic options for long term incentive plans to help you...
01 Nov 5 Reasons to Rethink Your Compensation Administration
Many organizations need to review their compensation administration practices from time to time. While compensation isn’t the only motivator you can use to drive employee performance, it is an important...
30 Oct 3 Practices for Effective Bonus Administration
When executed effectively, bonus administration can incentivize improved performance. It also provides the recognition most employees seek, which can support employee engagement and help you retain your top talent. However,...