The benefits of salary planning tools extend beyond simply saving organizations time and money. They make it much easier, for example, to keep track of employee performance results and adjust pay accordingly. They also allow you to notice trends in employee...
How much time are you spending on the salary planning process? In many instances this process can drag on and on, turning employee compensation into an excruciating waiting game. Expertise in spreadsheet software can expedite the process to a certain extent, but the...
When it comes time to calculate compensation for employees, many organizations are faced with an arduous and daunting process. Between gathering information from multiple sources, consolidating it into a format which can be easily accessed and understood, and...
Want A Sample Compensation Management RFP? Click Here! Are you tired of using spreadsheets for your merit and bonus cycles? Is it time to start looking for an online solution to help with compensation management? There are many different compensation management...
Implementing salary planning software for a manufacturer is generally very straight forward. For the most part, manufacturing clients are very similar to retail clients. The hourly population usually makes up a high percentage of the organization, and the majority of...
Implementing salary planning software for large retailers is very similar to implementing other systems throughout the organization. Typically a compensation management project with retailers is broken into two very separate groups, stores/distribution and corporate....
Implementing salary planning software for large financial institutions generally involves quite a few different pay programs; the majority of our financial clients implement three or more different pay programs (merit, bonus, equity, stock, STIP/LTIP, etc). Financial...
At Harvest HCM we offer a full suite of talent management products including performance management, compensation management, succession planning, and total rewards software. All of our new prospects come to us with very different needs. Some prospects are only...
Every year brings new challenges and changes to a company’s existing compensation plan. New divisions and acquisitions, as well as additional locations are all factors that can cause a company to revise their current compensation plans. Existing groups tend to make...
When implementing compensation management software, there are many different configuration decisions that need to be made. In a pay-for-performance situation many organizations set specific guidelines for each number in the rating scale. With this method, if an...
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