Remove COMPAS Remove Compensation Remove Payroll Remove System
article thumbnail

How HR Software Can Boost Your Compensation Strategy

Paycor

You can put in all the work you want developing a great company culture, but if you don’t get compensation strategy right, you’ll be fighting a losing battle to motivate and retain your employees, and you’ll miss out on attracting top talent. Here are three key ways software can improve your compensation strategy: Improve Productivity.

article thumbnail

What We Wish Everyone Knew About Compensation Management!

Keka HR Blog

Companies must go beyond manual pay planning to explore the value of using compensation management software. In this post, we will take a deep look at the many moving pieces of the compensation strategy while analyzing whether companies should make use of a compensation solution and why. What is Compensation Management?

COMPAS 52
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

What We Wish Everyone Knew About Compensation Management!

Keka HR Blog

Companies must go beyond manual pay planning to explore the value of using compensation management software. In this post, we will take a deep look at the many moving pieces of the compensation strategy while analyzing whether companies should make use of a compensation solution and why. What is Compensation Management?

COMPAS 52
article thumbnail

LaRocque: Why HR needs a strategy for evaluating tech startups, scaleups

HRExecutive

Sapient Insights reported in its latest HR Systems Survey that 2021 was up 57% over last year on the spending front. As most employers are struggling to hire and reports also show that up to 40% of workers are planning to change jobs , there’s little room for error in selecting new HR technology. The stakes couldn’t be much higher.

COMPAS 105
article thumbnail

OFCCP Compliance: Proactively Prepare for Compensation Audits

Trusaic

Significant amendments relate to the scope of required employee level compensation data, factors used to determine pay, and documentation that help explain factors and reasoning used to determine compensation. Carry out a pay equity audit and bring your compensation structures up to date now.

COMPAS 130
article thumbnail

Cafe Classic: Solving the Dilemma of Pay Progression Over Time

Compensation Cafe

Conventional practice is to hire most new people into their jobs at salary levels below their market midpoint or Market Reference Point (MRP) and to move grade structures maybe half as much as the anticipated general market movement each year. Yes, this is “math stuff,” but compensation professionals should be on top of such things.

article thumbnail

Walking Up a Descending Escalator & Other Crazy Pay Policies

Compensation Cafe

After many years in the compensation profession, I remain completely befuddled at the idiotic policies still blindly followed as “best practices” when they are merely popular mistakes continually repeated by a majority. Slavery, human sacrifice, child labor, racial bias, female underpayment… all have been enshrined in past tradition.

COMPAS 40