Businesses must evolve compensation strategies to keep pace with changing employee expectations and needs.
When it comes to finding just the right balance between employees’ wants and needs in light of corporate objectives, look at more than the amount of the paycheck.
Responsive customer service is crucial when choosing a compensation management solution.
Although the turning point for each company is a little different, the factors that indicate it is time to get rid of manual spreadsheets and go digital are pretty easy to see when you really look for them.
Although intuition is still a key advantage when making high-stakes decisions, there really is no reason why corporations can’t embrace both “intuition-driven” and data-driven skill sets when approaching these key decision points.
In the middle of bonus season, with payouts pending and business leaders needing accurate budget calculations to complete distributions, it became painfully obvious that their existing out-of-the-box compensation management solution was falling short.
Many businesses have already realized the savings that result from automating these tedious data-keeping activities through using a compensation management system. How much could your company save?
Although intuition is still a key advantage when making high-stakes decisions, there really is no reason why corporations can’t embrace both “intuition-driven” and data-driven skill sets when making compensation management decisions.
When using Excel for compensation management, several common spreadsheet errors can occur. Here are some of the most prevalent ones.
No matter where you begin your search for a compensation management solution – Google, trusted business connections, software ratings sites –there are some important factors to consider as you begin your search.
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