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...
The ability to attract and retain talent is largely dependent on the ways in which you reward your employees. While factors such as organizational culture and values do play an...
In recent years, dramatic shifts have taken place across the economy, and these changes have caused ripple effects in the ways we’re paying employees. While factors like low unemployment support...
The compensation management process lays the foundation for a company culture that recognizes and rewards strong performance. When done correctly, it ensures employees are paid fairly and have the incentives...
Indeed.com recently revealed its list of top-rated workplaces for compensation and benefits. Year after year, many of the same employers tend to make the list, leaving professionals to wonder: what...
Compensation solutions use technology and automation to address some of the most complex compensation management challenges. And, oftentimes one of those challenges is managing pay plans for different groups of...
Many HR professionals find themselves facing down complex compensation plans, and are left wrangling error-prone, cumbersome spreadsheets. If this sounds familiar, your organization is likely an ideal candidate for a...