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...
A strong compensation program is one that’s fair, equitable, and compliant with new labor laws. While achieving this trifecta isn’t always easy, it is possible when you follow a few...
Incentive compensation is one form of the popular “pay for performance” compensation models organizations are using to foster better performance through financial rewards. While using incentives like raises, bonuses, and...
Every organization needs a compensation strategy. Its purpose is to help you decide how much to pay employees by aligning with your overall HR strategy. According to the Employer’s Resource...
Many employers are concerned about employee engagement, and for good reason: Gallup confirms that employee engagement has a direct correlation with profitability, productivity, customer ratings, and turnover, among other key...
Compensation planning is wrought with countless challenges, and factors like changing labor laws and a diverse workforce are making it even more difficult for compensation teams to keep up. It’s...
Compensation planning will always require a fair amount of strategic planning, but today there are tools available that make it easier than ever to ensure you’re rewarding top performers, aligning...
If you’ve developed a compensation plan that’s both competitive and equitable for your organization, your next step is to communicate the details of the plan to your employees. In today’s competitive...
Human resources’ compensation and benefits strategies can be challenging to get right. One of the main difficulties in structuring compensation and benefits programs is that there are many objectives to...