Multinational companies have two options when it comes to compensation planning solutions: they can either implement a different type of software for each of their locations, or they can adopt...
If your company has multiple locations throughout the world, implementing multi currency compensation planning software can make your pay plans much simpler to manage, update, and administer. Beyond solving currency...
Companies with multiple locations across the globe face unique compensation challenges beyond those with only domestic facilities. Between differences in currencies, languages, and regional markets, there are many factors to...
Nowadays, most organizations use compensation planning as a means to drive performance. Taking a pay-for-performance approach to compensations allows companies to link pay to employees’ quality of work. While pay...
Without a formal pay system, employers run the risk of unintentionally making unfair pay decisions. Thus, every organization should have standard salary planning processes and administration in place to avoid...
For multinational corporations, having international compensation planning software is an absolute must. Compensation planning is complex enough to manage without factoring in differences from one country to the next. As...
Collecting data from market surveys in a critical step in any compensation planning process, but it’s how you use the data that’s most important. Here, we’ll go through some tips...
Short term incentive administration refers to the awards given in a time period of up to one year. Also sometimes referred to as annual incentives, short-term incentives are typically tied...
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,...
Designing a compensation program aligned with their business needs and talent management strategy is one of the most powerful methods employers can use to attract and retain talent. Yet, even...