Blog, General Insights
Compensation management is a critical aspect of human resources that directly impacts employee satisfaction, engagement, and overall organizational success. However, not every organization finds themselves head over heels in love with their compensation management...
Blog, General Insights
The Argument to Automate Compensation Management for Your HR Team In the ever-evolving landscape of Human Resources (HR), the need for efficient and streamlined processes has become clear. One crucial aspect of HR, often fraught with complexities, is compensation...
Blog, General Insights
Has your HR team ever taken a moment from the daily hustle and grind to think about the actual costs of managing compensation records by spreadsheet? We aren’t talking about the late hours team members may be working simply to keep data updated. Or the inevitable...
Blog, General Insights
If you are a compensation manager, you have probably already heard the horror stories about spreadsheet errors that resulted in costly business mistakes. There is the famous 2005 Eastman Kodak Company incident where an $11 million severance error was caused by an...
Blog, General Insights
Compensation decisions are among the most critical decisions a company can make on behalf of its current employees and weigh heavily in the decision for new talent to join an organization. Getting them wrong may lead to the loss of top performers, reduced morale, or...
Blog, General Insights
If we had to name defining compensation challenges for 2022, pay equity would be near the top of the list. A recent survey conducted by salary.com revealed that 64% of HR pros feel increasing pressure to address pay equity at their companies, and this pressure isn’t...
Blog, General Insights
As you prepare for year-end, are you asking yourself if there is a better way to review your company’s prior year compensation activities? If you are still using spreadsheets to keep track – maybe it’s a homegrown process that is beginning to show signs of being...
Blog, General Insights
If your organization is using Microsoft Excel or a similar spreadsheet solution to manage your employees’ compensation and benefits, you aren’t alone. Generally speaking, Excel is the go-to-platform for many small businesses. It’s widely available in the Microsoft...
Blog, General Insights
If you are responsible for managing the compensation and benefits for a company of any size, you are well aware of the impact a simple, misplaced decimal point may have. Formula errors in a spreadsheet or simple data entry mistakes can create hours of additional work...
Blog, General Insights
When you started in business, chances are your compensation management system consisted of a spreadsheet or small out-of-the-box solution. As your business grows (and that is the goal, afterall!) you may find yourself in a position where that spreadsheet is no longer...
