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 [...]

Pay transparency has some major benefits for both employees and employers. Although there are many companies taking actions today to move their organizations towards higher pay transparency, the practice may not be for everyone.  Transparency is about creating an atmosphere [...]

Businesses need the best talent to grow and succeed. Implementing a Total Rewards & Motivation System that incorporates short-term incentives can help you retain top-notch talent. Developing a habit of speaking about your total rewards and motivation system during the [...]

  The last few years have seen a steady rise in employer branding as organizations strive to apply customer experience best practices to candidate and employee experiences. In order to develop a strong brand, organizations have to develop a mature [...]

We all need a break now and then. If you want your employees to be healthy, productive, maintain high morale, and enjoy working for you, then you need to consider every detail of the vacation policies that you will offer. [...]

An important aspect of creating and implementing an incentive compensation plan for your company is measuring an employee’s performance against an established goal. There needs to be a concrete way to decide whether an employee met the criteria needed to earn their incentive. The goals should be clearly established and transparent to employees so that they know what to work toward.

An important aspect of creating and implementing an incentive compensation plan for your company is measuring an employee’s performance against an established goal. There needs to be a concrete way to decide whether an employee met the criteria needed to earn their incentive. The goals should be clearly established and transparent to employees so that they know what to work toward.

Incentive compensation programs originated from the idea that rewards motivate and drive behavior, proactively productive behavior. Most commonly known and applied to the corporate setting, incentive compensation programs are capable of catering to a spectrum of industries as well as different levels of employment. It’s a universally accepted and expected part of the employment system, it can even be used as a recruitment tool. If you’re wondering which incentive is best for you, here are the most popular incentive compensation programs ranked and explained.