Total compensation statements—sometimes known as total rewards statements because they look beyond compensation to include the full picture of advantages you offer—have become important tools for improving employee engagement, satisfaction and retention. By detailing all of the ways employees [...]

Managing employee compensation is a challenge, with all-too-common hassles and pain points for anyone in HR and management. But you can overcome them with a few easy tips. Complex compensation structures Compensation packages can be complicated. Managing base pay, bonuses, [...]

Managing employee time off can be cumbersome for companies of any size and type. Tracking  vacation days, sick leave and other types of paid time off and employee absences is time consuming and has a great potential for error. However, [...]

When it comes to employee pay raises, companies tend to rely on market data and salary surveys to chalk out effective strategies. In today's digital era, however, many businesses are realizing there are advantages in more advanced approaches to compensation [...]

You’ve struggled with managing your merit increases manually for far too long. It's time to say goodbye to the spreadsheets. Automating your merit increase cycle doesn’t need to be hard—if the system you choose aligns with best practices. Here's how [...]

Many organizations think a competitive salary is enough to attract and retain top talent, but it is just one piece of the puzzle. Employees today are looking for more than just a paycheck – they want to feel valued and [...]

As most companies grow and develop, there comes a point in time when the human resources and management teams need to consider moving to Focal Point Reviews to effectively manage the overall performance management strategy and compensation process. Depending on [...]

Inflation has been soaring at rates the US hasn't seen since the 1980s—before much of the workforce was even born. It's so high, in fact, that Social Security announced that recipients would be receiving a cost of living increase of [...]

Merit pay is a system of rewarding individual employees based upon their individual contributions or achievements to the team. Unlike a bonus that gives a more holistic view of each employee (ie seniority, employment level, roles and responsibilities), merit pay [...]

Spreadsheets have inarguably enabled knowledge workers to quickly and easily use data to solve numerous business problems. Every organization uses them in day-to-day situations and many rely on spreadsheets as part of critical business processes including compensation management. While spreadsheets [...]