When sales team constantly hits targets, your company is doing great. But what happens when top performers suddenly stop hitting the quotas? Or the newbies not picking up the pace as fast as you hoped? It may be time to revisit your incentive compensation plan. Instead of going for a one-size-fits-all deal, try tossing in multiple incentive compensation plans tailored for different parts of your sales team. It can bring back the spark, boost motivation, and send those numbers in the right direction again. Keep reading to find out when it is time to change your incentive compensation plan. With... view blog & white papers details

Talent management systems (TMS) are crucial tools for any human resources department. These tools promise to help companies draw, develop, and keep top talent. Only a few are familiar with what is a talent management system and how it works. This article explores interesting details about talent management systems. This can help HR professionals looking to gain a deeper insight into what is a talent management system. Newcomers exploring options for talent management solutions can discover beneficial information they can use for their advantage. What Is a Talent Management System? Companies us... view blog & white papers details

What Are Flexible Total Rewards Packages? Flexible total rewards packages allow employees to choose their pay and benefits. Instead of giving everyone the same package, companies let workers pick what works best for them. This can include salary, bonuses, health care, retirement plans, paid time off, or the option to work from home. Businesses that offer flexible rewards packages can attract and keep the best employees. When workers feel valued, they become happier with their jobs. In turn, businesses also win because these rewards support company goals, leading to better performance and teamw... view blog & white papers details

Understanding the proficiency of a team is crucial for any company. This is where effective employee skills assessment comes into play. It is not merely about checking boxes; it involves understanding the capabilities and contributions of each team member. From identifying strengths to pinpointing areas for growth, strategic assessment strategies act as a guide for both individuals and the organization as a whole. This article will delve into the key strategies that companies can use to assess employee skills effectively and drive success in the workplace. Types of Skill Assessments Evaluating... view blog & white papers details

How do you ensure that your job descriptions are bias free? These descriptions are the first introduction to your company for potential recruits. To attract the best talent, it is crucial to make the right first impression. Be aware of language that creates bias. Specifically, this means using words favoring one group of people over another. This could be by race, religion, gender, or a different demographic. Consider the other less overt points for bias. These will be other qualifiers you have listed in your job description. Each one has the potential to exclude the best candidates. Common fa... view blog & white papers details

In 2024, businesses are increasingly focused on getting to know their workforce better. Headcount reporting is becoming essential for HR professionals and managers who want a detailed understanding of their team members. But what exactly is headcount reporting, and why is it important? Think of it as the company's health check-up, showing exactly who makes up the team and how they are structured. Whether someone is a small business owner or an HR professional at a large company, understanding headcount reporting can bring significant advantages. Here is a look at the fundamentals and why it is... view blog & white papers details

Upskilling the workforce is critical to the long-term success of a company. There are a variety of ways to achieve this. By taking responsibility for workforce growth, both individuals and organizations enjoy distinct benefits. For example: Improved retention. This is because employees place immense value on the ability to grow their career. Offering employees the skills they need to develop makes the organization the source of this benefit. Increased effectiveness. When organizations upgrade their workforce, they have the potential to guide and develop it in a way that perfectly complements t... view blog & white papers details

According to McKinsey & Company, 87% of managers and executives are concerned with existing or upcoming skills gaps in their organizations. Is this a familiar issue to you? With the looming talent and skills shortage, skills development must be a priority for all employers who want to remain competitive. Creating a skills inventory should be one of the first steps you take. A skills inventory is a list of your employees’ skills, competencies, education, and experience. It’s a systematic approach to auditing your workforce. Employees usually conduct self-assessments or complete skills assessmen... view blog & white papers details

Companies always look for ways to stay ahead in a competitive market. One key strategy is to invest in employee development programs. These programs improve employees' skills and help the company succeed. This article explains why employee development is important, how it differs from training, and provides practical steps for creating a successful program. Understanding Employee Development Employee development programs are designed to help employees learn and improve. They cover technical skills, soft skills, and leadership training. Technical skills training helps employees effectively do t... view blog & white papers details

Every company needs a method to decide fair pay for their employees. Big companies often hire a compensation manager to handle this matter. These managers help set salary levels, organize wellness programs, and figure out how payroll will be structured. To become a compensation and benefits manager, it’s important to understand what the job involves. This article will explain what a compensation manager does, their job responsibilities, how to become one, and the essential skills needed. What is a Compensation Manager? ... view blog & white papers details