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What is Compensation Management?

Zenefits

Compensation management is the process of ensuring that an organization’s salaries and bonuses remain competitive, appropriate, and equitable. It also involves managing company benefit programs to make sure they meet the needs of the current workforce. What are the objectives of compensation management? You’re not alone.

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Best retail payroll software services and how to choose what’s right for your small business

Homebase

Do you find that manually running payroll for your small retail business is time-consuming and stressful? If you’re thinking yes , you’re in the same boat as 70% of small business owners who feel payroll and tax calculations add a significant burden to their workload. Homebase makes payroll painless. Learn more.

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How to Give Your Employees a Raise Using the FLSA Overtime Rule Amendment

ConnecTeam

So let’s break it down to figure out exactly how you, as an employer, can stay compliant with the latest FLSA regulations, avoid overtime related lawsuits, keep your payroll cost-effective, while also giving your employees a raise your employees a raise. Inclusion of non-discretionary bonuses and incentive payments.

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A Guide to Planning Your HR Budget for 2022

Analytics in HR

Incremental HR budget – Using the data from the previous years’ HR expenses, it’s possible to make adjustments to the numbers for the upcoming year. Take into account: Employee salaries Health insurance Life insurance Retirement plans Paid time off Overtime pay Bonuses Other perks. Diversity, equity, and inclusion.

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Decusoft launches a new version of Compose, its industry-leading compensation planning & management platform

Decusoft

It brings all the key employee, job and salary structure, performance, and financial data into one secure system, making it easy to monitor and plan compensation changes no matter how nuanced or complex the bonus and incentive structure is.

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Top 15 Compensation Management Tools in 2021

Vantage Circle

Powered by innovative technology, Payfactors offers an integrated suite of cloud-based compensation management tools. From job descriptions to data visualizations, they help you streamline, centralize, and automate your entire compensation process. Features: User, Role, and Access Management. Payroll Entry. Visit Website.

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What is HRIS? And why is it so important for your business?

Workable

HRIS – or Human Resources Information System – is a software system primarily used by human resources professionals to store and manage employee data such as payroll, benefits, performance reviews, and training records. Human Resources Management Systems (HRMS). Human Capital Management (HCM).