26 Jan How to Define Total Compensation: A Quick Guide
Focusing on salary no longer cuts it for most organizations around the world. With talent becoming more and more elusive, it is important for companies to differentiate themselves on the...
compensation management Tag
20 Jan Total Employee Compensation Management Tools
Employee compensation is without a doubt one of the most important and significant expenses that an organization is responsible for. It goes without saying that an expense this significant should...
12 Jan The Definition of Compensation Management
The Definition of Compensation Management: In simple terms, compensation is everything that a company offers its employees in return for their talent and time. When organized the right way, compensation...
06 Jan Performance Compensation Models: Why Do They Work?
A few decades ago, a HR department’s main job in terms of handling employee pay was compensation calculation. There was a fixed base salary for a particular position and it...
21 Dec The Objectives of Compensation Management
Compensation happens to be the largest expense that an organization can directly control. Without proper comp planning to devise and execute a strategy, a company will struggle to gain an...
16 Dec Total Compensation Definition: Understanding Compensation Communication
CareerBuilder studies show that 21% of employees in the US will change jobs within the next year. That is one in every five employees contemplating a shift. Given the astronomical...
02 Dec How do Compensation Planning Tools work?
Compensation today has moved far beyond the mere exchange of money for talent (or time). A high quality compensation plan must be able to: Make the most of each budget allocated...
06 Nov Compensation Planning Automation
Compensation planning plays a pivotal role in ensuring that your employees remain motivated to work for your company. This is especially true when you are looking to retain your top...
12 Oct Managing Compensation – How to Keep Your Employees Happy & Engaged
Proper compensation for the employee is absolutely critical in maintaining his/her happiness, motivation to work and ultimately determines if he/she will stay with the company in the long run. Managing...
02 Oct Mitigating Compensation Planning from Spreadsheets to Software
It is not a secret that compensation planning plays a critical role in engaging and motivating your best employees. With that said, it is equally important that companies should conduct...