Salary increases are key to any company's employee compensation management strategy—they impact morale, retention and overall organizational performance. But to achieve the biggest return on your increases, companies must carefully determine salary increase budgets and provide clear guidance to managers [...]
With as many advances as we've seen (and helped bring to life) in HR, management of off-cycle changes and personnel action forms continues to lag behind. Inefficient, paper-based processes take up an inordinate amount of time and energy, and are [...]
Inflation has been soaring over the past few years. According to Bankrate, consumer prices in the US have increased 20.8% from February 2020 – June 2024. The Social Security Administration’s annual cost of living increases have averaged 5.9% since 2021 [...]
You may imagine that off-cycle adjustments don't happen frequently enough to merit automation. But you already know how much effort goes into the approval process for promotions, internal job changes, salary adjustments, bonuses, and other ad hoc changes. You [...]
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 [...]
Blog and Resourcesjwahila32024-06-13T12:38:35-04:00