Before you can develop satisfaction with the other areas of your Total Rewards program, you need to lock down your compensation and benefits plans and ensure that you communicate them to your employees. Variable compensation: in a variable compensation plan, the same basic needs still apply. MORE

If you’ve found yourself here; looking at the components of a performance management system, either the one you’re currently using doesn’t suit you; or you don’t have direct experience with performance management software solutions. Either way, we’ve taken the work out of researching the various features and components your performance management software should have, and made your selection of an appropriate solution a piece of cake. MORE

That’s why staff members complain and protest about inaccurate assessments, data-driven errors and unpopular decisions – HR reporting fails to deliver unless the HR reports dig down into the databases to get the most accurate and relevant performance information, employee profile data and business intelligence. Data-driven decision management , or DDDM, is an approach that uses verifiable data to assist in decision-making processes. MORE

At their core, both Enterprise Relationship Planning (ERP) and Client Relationship Planning (CRM) software promotes beneficial business solutions used to increase revenue and productivity for organizations of all different sizes. Managing finance and accounting processes. MORE

The biggest barrier to modernizing the approach to performance management is the HR-created need to have a "number" or category to help determine pay. If we get rid of performance reviews and ratings, how will we calculate merit increases? Step 2: The seven performance types. MORE

The business press is rife with stories declaring the demise of an HR ritual: the annual employee performance review. Managers view them as a chore, especially if the review process relies on archaic systems. MORE

In the following graph, we see how many hires are being made, by comparison to the number of job openings: For nearly the entire history of the JOLTS data, more hires are tracked than job openings, but recently this relationship has switched. The Better Way to Do Workforce Planning. MORE

Employee development is at the heart of successful talent management. But it’s the ongoing training that’s at the core of talent management —and of retention. Succession planning. Succession planning is a talent management must-do for organizations of all sizes, whether a global corporation, a small non-profit, a mid-sized college or a family business with a dozen employees. Institutional knowledge/Knowledge management. MORE

It’s understandable if your thoughts are more focused on striking the right balance of Turkey and Tofurkey at the office party, managing family logistics come Christmas, and making sure things are running smoothly so you can focus on life outside of work. MORE

Take, for example, the Cloud. In a 2014 IDG survey, only 24% of enterprise organizations migrated or planned to migrate HR functions/applications to the Cloud. Not to mention, the potential of a system to include Artificial Intelligence and predictive analytics in sourcing , recruiting and managing people more efficiently. The best talent systems now have talent forecasting tools to show when a role may see turnover or when to start planning for successions. MORE

5 Common Mistakes Of Succession Planning. The absence of an effective succession plan in your business can have unforeseen consequences. A recent article in Forbes highlights the unexpected departure of Intel’s Chief Executive in June as an example of the impact on a business when succession plans aren’t in place. A rushed approach to succession planning can also have a detrimental effect on your talent management. MORE