• Published On: March 21, 2024

    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 [...]

  • Published On: February 13, 2024

    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, [...]

  • Published On: January 30, 2024

    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, [...]

  • Published On: November 30, 2023

    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 [...]

  • Published On: October 31, 2023

    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 [...]

  • Published On: October 13, 2023

    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 [...]

  • Compensation Management
    Published On: September 27, 2023

    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 [...]

  • A small stack of $100 bills
    Published On: October 18, 2022

    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 [...]

  • A room applauds as two people shake hands
    Published On: September 22, 2020

    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 [...]

  • Two businesspeople review a digital spreadsheet
    Published On: August 15, 2020

    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 [...]

Prior Posts

Download Free Guide to Total Rewards Statements

    We respect your privacy.