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...
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...
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...
One of the most important components of an effective compensation planning process is gathering and using market data. By analyzing external pay data, you can compare your own pay policies...
In order to develop a compensation program that’s both fair and equitable, employers need to take into account internal factors as well as external market data. By conducting market analyses,...
In recent years, many employers have been using modernized approaches to compensation as a way to engage and retain workers. If you’re like many companies, chances are you, too, have...
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...
Before choosing the perfect compensation management tools, it is important to understand what should be expected from such a platform. Comp planning has come a long way. More than ever,...
In this clip from the webinar, 3 Ways to Increase Employee Engagement, Brian Sharp and Austin Muzumdar share ideas on focusing your compensation planning strategy on your top performing employees. Looking...