Finding the right talent can be challenging. HR departments face the challenge of identifying individuals who possess the necessary skills and align with the organization's values and objectives. This article talks about Employee Core Competencies as a crucial HR tool in the hiring process. It looks into how these competencies make hiring easier, ensure everyone gets a fair chance, and help build strong and successful teams for companies. Understanding Employee Core Competencies Employee core competencies are the vi... view blog & white papers details

A company decides on how much to pay its employees through salary benchmarks. This means they base their pay packages on how much similar companies offer. Using benchmarks helps companies manage their budgets and attract and keep skilled workers. In this article, find out what salary benchmarking is, why it is important, and how to use it to create fair and attractive pay packages for your employees. What is Salary Benchmarking? Salary benchmarking is more than just collecting data. It's a way to compare and adjust salaries within a company by looking at industry standards and market informati... view blog & white papers details

It feels that advances in artificial intelligence are transforming the work landscape on a weekly basis. Depending on your perspective, this is either exciting or terrifying. In this article, we will dive into how organizations can leverage AI in human resources and whether it has a positive or negative effect on their business practices. Understanding AI in Human Resources There is a lot that AI can offer HR departments, but it can also prove to bring challenges. AI in human resources can take over some routine tasks such as screening resumes or scheduling interviews. As a result, your HR tea... view blog & white papers details

When it comes to compensation, pay market matters. Defining the pay market goes beyond just geography to include factors like industry and company size. As companies look to attract and retain top talent, understanding pay market definitions provides critical insight. With various elements to consider, how can business leaders build an approach to pay markets that balances competitiveness and equity? This article explores the key components that comprise a pay market. It covers how these factors work together to create effective pay strategies. Moving beyond location, a multi-faceted view of t... view blog & white papers details

Working from home has changed how people work. This setup gives workers more freedom and makes work a lot easier. And amidst this shift, it is crucial to recognize how remote work influences compensation planning. Aside from convenience, working from home brings up other things to contemplate on that can change how companies decide on pay. This article discusses four key ways remote work affects compensation planning. It will shed light on vital considerations for businesses navigating this new era of work dynamics. Prioritizing Security Keeping information safe is crucial when people work fro... view blog & white papers details

You have heard a lot of buzzwords lately such as digitization and fintech. But what do they mean for financial services? Get ready for a deep dive on how tech can empower employees and transform old-school banks and insurers from the inside out. Today, explore the potential benefits, such as faster feedback and recognition. But the risks as well, like a backlash from change-resistant company cultures. After reading, you will see the huge opportunity along with some big challenges to overcome.  Technology may not magically reinvent finance overnight, but it can be an exciting catalyst for new w... view blog & white papers details

During the COVID-19 pandemic, businesses had to adjust to new rules for social distancing. Everything changed suddenly, and companies had to rethink how they usually worked. They had to find ways to keep going, even when it meant working from home or changing how they interacted with customers. In this article, learn how businesses coped with social distancing, highlighting the lessons they have learned, and the smart ideas they came up with to deal with the crisis. Embracing Technology for Remote Work Businesses soon understood how vital technology was for remote work during social distancing... view blog & white papers details

When managing pay, it is crucial to grasp the idea of salary ranges. This article will explain what salary ranges are, how to calculate them, compare them with what others pay, and establish fair pay levels. It offers valuable information for employers aiming to attract and keep good employees. The Meaning Behind Salary Ranges: Why They Matter A salary range, or salary band, is the lowest and highest amount of money an employer is ready to pay for a certain job. They base this decision on factors such as job roles, the importance of the role, and its location. When companies set these ranges, ... view blog & white papers details

Performance reviews can be taxing for both managers and employees. But connecting pay to performance in the right way motivates employees and aligns incentives to meet company goals. This article explores best practices for linking pay to individual and team achievements. It provides tips for structuring pay plans and conducting performance reviews. Managers will learn how to set clear expectations and provide actionable feedback. Employees will gain insight into how their work impacts the bottom line. With the right pay model, companies can get the most out of their talent and see improved re... view blog & white papers details

Compensation management is a hot topic that impacts every company. With evolving trends, it is crucial for HR and business leaders to stay on top of the latest developments. In 2024, new pay management trends are already on the horizon. From creative incentive programs to a shift towards holistic pay plans, the way companies attract, retain and reward employees continues to evolve. This article will explore the pay management trends in 2024. For HR leaders or business owners looking to get ahead of the curve, understanding these upcoming changes is vital. 2024 promises new innovations that can... view blog & white papers details