Many HR professionals start out managing compensation and benefits by spreadsheet; but, like most basic applications, Excel isn’t really designed to serve as a long-term comp management tool.
CompLogix was pleased to see client Janel Lancaster featured in a recent article in American Healthcare Leader (AHL). She started as a compensation analyst for UNC Health in 2012 and is now the system executive director of total rewards, human resources data, and...
If you are responsible for managing the compensation and benefits for a company of any size, you are well aware of the impact a simple, misplaced decimal point may have.
When you started in business, chances are your compensation management system consisted of a spreadsheet or small out-of-the-box solution. As your business grows (and that is the goal, afterall!) you may find yourself in a position where that spreadsheet is no longer manageable and that out-of-the-box solution just isn’t getting the job done.
The list of desirable employee benefits may have changed, but the importance of communicating their total value remains an important recruitment/retention strategy. It isn’t uncommon for employees to overlook just how much really goes into the total compensation...
Any healthy workplace has its foundation in a positive culture. Although culture is hard to define and even harder to instill, there are several components that healthy workplaces have in common. One of these commonalities is equitable salaries and benefits that match the needs of your workforce and your corporate values.
Employee compensation is really a pretty simple concept. Your organization has employees who perform work at your request. In return, these employees expect to be paid fairly and on time. If only it were really that simple.
If it were really this cut and dried, few companies would ever consider just how important structured compensation management practices are to prospective and existing employees. In fact, today’s job seekers are more selective than ever when committing to a new job, which means companies must use compensation as a key component of finding and attracting top talent.
What is Compensation Management Software? We know that compensation management is the process of distributing monetary payment to an employee as a reward for the work performed. What you are not aware of yet, and what this article is going to explain, is how exactly a...
What is Compensation Management? Compensation management may sound like a complex topic, but it’s actually fairly simple. Employees get hired by a company, perform work for that company, and expect to get paid. Using compensation management is a way for companies to...
In this week’s blog post we are going back to the basics… to the very basics. This is for all you newbies or those who just need a review of compensation, compensation management, and compensation software programs. We are going to dive into all the nitty-gritty...
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