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...
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...
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....
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...
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...
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...
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...
Recently, modernizing pay ranges has become a major area of focus for companies. While the start of the year provides a fitting opportunity to evaluate pay practices and ensure the...
Compensation management is inherently complex, but the ways in which we approach it don’t have to be complicated. In fact, some of the most powerful methods for managing employee pay...
Many organizations implement compensation management solutions as a way to simplify employee pay. Yet, there are far more benefits outside the simplification of processes alone. From making more informed, accurate...