24 Mar Getting Started With Compensation Design
Oftentimes when managers discuss pay with their employees, they encounter questions for which they may not have an answer. Employees want to know that they are receiving fair pay for...
Compensation Planning Software Tag
27 Jan What Can Compensation Analysis Software Do for Your Company?
When your company adjusts is salary ranges, performing a compensation analysis enables you to make sure pay decisions align with both internal and external considerations, such as market trends and...
23 Jan Should You Build or Buy Compensation Planning Software?
If your company has an advanced IT team or software developers, you may be considering building compensation software to fit your organization’s evolving needs. Yet, any time a new technology...
28 Nov 5 Features to Look for in Compensation Analysis Software
If you’re considering compensation analysis software for your organization, you may be shopping around to find the best fit for your needs. There are many factors to consider, including your...
07 Nov 6 Noteworthy Benefits of Compensation Planning Software
The needs and expectations of today’s workforce are more diverse than ever. To keep employees engaged and to reward them appropriately, organizations must use robust compensation programs that go beyond...
27 Sep The Power of Using Incentive Plans to Set Three Goals for Employees
The Rule of Threes is a practical and effective approach to incentive pay which states that there should be no more than three defined goal levels for each incentive plan....
01 Aug 3 Pay Structure Options Used in Today’s Organizations
Putting the right pay structures in place helps to provide a framework for consistent pay in the workforce, and it can also be an effective budgeting tool for organizations. There...
12 Jul 4 Types of Pay Structures to Consider
Pay structures can help companies move towards greater pay transparency. They can also be used as both an administrative tool and communication tactic for helping your employees understand potential career...
09 Jul Key Considerations for Selecting the Right Pay Structure
One question compensation teams often find themselves asking is how accurately their pay policies should reflect market rates. In most cases, employers believe their pay policy should align with market...
27 Jun What Are Pay Structures & Why Should Your Company Have Them?
Pay structures, also known as salary structures, define different levels of pay for jobs in reference to: their relative internal value, external/market value, or negotiated rates (i.e., collective bargaining agreements). A...