Compensation management can be a tricky business, one that requires vigilance and a great deal of effort to stay ahead of the game. We all wish that cooking up the right compensation strategy would work something like a slow cooker – you throw all of your ingredients...
If you’re looking into a compensation management solution to simplify your organization’s compensation process, there are a number of things you need to keep in mind. The compensation solution needs to be robust enough to easily handle whatever data you need to throw...
Does compensation management seem more like a chore than it should? Here’s ten quick tips to help keep the compensation management process as simple and effective as possible. Automate as much as possible. The less reliance on manual input and calculations done by...
As we’ve discussed here before, compensation management can be a powerful tool for businesses who employ it thoughtfully and strategically. One of the biggest mistakes one could make regarding compensation would be to allow themselves to get lulled into complacency...
So you think your compensation software has what it takes to handle your organization’s compensation data? It may seem robust enough to take what you throw at it, but there may be certain areas where it’s lacking. Certain areas where it’s not performing as well as...
Proper compensation management is key to any successful business. For some organizations, the compensation management process can become a chore. Anything worth doing takes some effort, but is your compensation team being put through undue stress when trying to...
Believe it or not, we’re big fans of compensation management. Far from seeing it as a necessary evil required for running a business, we see compensation management as an opportunity – or, to be more precise, a multitude of opportunities. Opportunities for...
A proper compensation management solution should simplify the workload generated by the compensation administration process. And while this seems like a painfully obvious thing to say, it’s an important factor that should be kept in the forefront of one’s mind when...
Looking into the near future, it’s clear that automation will soon become a prominent part of all of our lives. Everything from the highway (whether it’s a simple sedan or long-haul truck) to restaurants and grocery stores will be run by computers within a couple of...
Is your organization interested in a compensation management system? After a certain point in an organization’s growth, there comes a time when spreadsheets and manual inputs just won’t cut it anymore. If your current compensation solution is causing your...
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