What is Compensation Management? Compensation management may sound like a complex topic, but it’s actually fairly simple. Employees get hired by a company, perform work for that company, and expect to get paid. Using compensation management is a way for companies to...
In this week’s blog post we are going back to the basics… to the very basics. This is for all you newbies or those who just need a review of compensation, compensation management, and compensation software programs. We are going to dive into all the nitty-gritty...
Compensation management can be a hassle. On one hand, you want to give your employees the best possible working environment. You value their hard work and job satisfaction, and you want them to feel happy, secure, and successful in their work. On the other hand,...
There comes a time in the growth of your business where you need to make important decisions that can potentially make or break your overall success in the coming years. These big decisions need to be thoughtfully and carefully planned out. You wouldn’t want to...
Commonly known as the “Three P’s,” people, product, and process are the three key factors to running a successful business. According to David Ciccarelli of Entrepreneur, they are the “three areas that have yielded the greatest return on investment of your time and...
Purchasing compensation software is a big decision, and it is not one that should be made lightly. Think of it this way: you just bought a new home and want to buy a security system to protect it. Your home is very important to you, and you want to have a system that...
It’s not always easy to keep your employees motivated, but their engagement in their work is vital to the success in your company! If you have happy employees who like their job, it is far more likely for you to get their best quality work. Below are five tips to help...
In this age of technology, business is changing faster than ever. More people than ever have access to tech, software, and programs that are far more advanced than what people had at the beginning of the century. Just over 10 years ago, the first iPhone was announced,...
Employee Retention is one of the keys to running a successful business. It allows for consistency and quality in your product or service by having the same great employees continually doing their best work. It helps the office atmosphere feel more like a team, instead...
The short answer: yes. Of course better compensation leads to better engagement! An employee that believes that they are being paid an adequate amount for the work they do and thinks their benefits truly… benefit is bound to be engaged in their work. They will be...
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