Having compelling compensation plans can help boost your team's performance and motivation. The compensation plan varies depending on the job role's operations, responsibilities, and contributions to the company's sales. For most jobs, you will want to include fixed pay, like a base salary, along with additional bonuses or incentives. But for one particular job —sales managers—they spend less time working on sales and more on other tasks. That said, the way you pay them needs to fit their job, considering their roles and responsibilities.  Determining how to pay sales managers can be a bit tri... view blog & white papers details

Having top talent within your organization is key if you want to be successful. Developing a healthy talent pool doesn’t happen by accident though as it takes deliberate planning and effort. So, how can you develop a talent pool that your organization can utilize in its recruiting processes? Let’s find out. What is a Talent Pool and Why Is It Important? We can define a talent pool as a group of candidates within an organization that has the ability and potential to fill in positions that become available. There are a variety of reasons why employers may want to develop a strong talent pool. Fi... view blog & white papers details

Ever wondered how people make money from companies they work for besides their salaries? Equity compensation is one way. Employees may receive stock options, restricted stock units, or other forms of equity. How does equity work in a company? To help you understand your options and maximize this opportunity, this guide will explain the basics. Equity compensation lets you own part of the company you're building. Notice how equity rises as company value rises. While the details can seem complicated, equity compensation is a simple concept. You get offered equity for your contributions, the comp... view blog & white papers details

When finding top talent, companies can choose between recruiting and talent acquisition. Both of these processes seem alike. These two approaches actually have various aspects that make them differ from each other. Learning the difference between recruiting and talent acquisition is vital to any company. Recruiting is a continual process that centers on hiring for recent openings. Talent acquisition takes a longer-term and a more strategic view. It builds a robust pipeline of candidates to fill both existing and future needs. For companies looking to gain a competitive edge, knowing the distin... view blog & white papers details

Talent is the lifeblood of a company. Hiring the right people with the skills to get work done is critical to success. But the traditional hiring process is not cutting it anymore. Resumes do not actually tell whether someone will be good at the job. Candidates are getting savvier at interviews. Companies need a talent acquisition strategy that focuses on skills, not credentials. When a company makes skills a priority and finds new ways to assess candidates, they open up the candidate pool, gain valuable insight into people's abilities, and make better hiring decisions. This approach, known as... view blog & white papers details

Companies often reward employees beyond their base salaries through profit sharing plans. In these plans, company leaders allocate a portion of the annual earnings to create an additional pool of funds distributed among the employees. These profit sharing plans can focus on certain groups of employees, like managers and higher-ups, instead of including everyone who works at the company. Explaining Profit Sharing: What is a Profit Sharing Plan? A profit sharing plan is when your company takes a portion of its profit and gives it to your team in addition to your base salary. It is a wonderful wa... view blog & white papers details

Here are the top ten compensation trends we predicted would influence the HR industry in this year. All of these trends represent longer-term shifts in compensation that HR professionals should continue to monitor. Want to see the top ten trends we tracked recently? Read the latest post in this series. 1. Top compensation trend: HR’s role in the organization will change “Employees are becoming consumers of HR services and HR is seeing a shift in its role from administrator to service provider.” – Stacey Harris, VP, Research and Analytics at Sierra-Cedar, Sierra-Cedar 2017-2018 HR Systems Surve... view blog & white papers details

Business processes and HR metrics relate to each other. Their connection helps firms manage their workforce and achieve their business goals. HR metrics are crucial for firms to measure and track the performance of their workforce. They provide insight into how workers are meeting business goals. Yet, deciding which HR metrics to track can be a challenge. One good approach is to align metrics with certain business processes. By doing so, HR can better grasp how their efforts impact the firm’s bottom line. Aligning HR metrics with business processes allows firms to refine HR plans. It helps the... view blog & white papers details

The Western region of the United States healthcare system has a huge variety of data points in relation to compensation. To compare surrounding states in the Western region, Salary.com is inviting you to participate in a healthcare compensation survey that will help produce relevant and up-to-date insights and data about the industry. The results that you obtain from completing this can help improve your compensation strategy and point you in the right direction regarding new hires. What Are We Offering? By participating in the healthcare compensation survey, you will receive many benefits inc... view blog & white papers details

Employee benefits are an important part of compensation for everyone. For employees, benefits can mean the difference between getting preventative and needed health care or not. Benefits can also provide a healthier workforce and a safety net of paid time off, flexible work, and retirement contributions. For employers, benefits make the organization more competitive to attract new employees and retain the ones they have. A 2021 study found that current employees are looking for flexible work, tech tools to support remote work, mental health support, and childcare. Another recent study found th... view blog & white papers details