The 2017 HR Technology Conference and Exposition brought HR professionals and vendors together in Las Vegas to discuss what’s new and what’s next for the human resources landscape. Our big takeaway? Now is the time for HR professionals to invest in artificial intelligence (AI) technologies. But what does this really mean? How will investing in AI impact the work you have to do today? And how do you even begin to incorporate AI into your existing processes? Artificial intelligence was a common thread woven throughout the keynote sessions, talk tracks, and vendor announcements at this year’s H... view blog & white papers details

The market for data, tools, and technology and the compensation profession are evolving. The technology market and the number of professional compensation roles are forecast to grow in the years ahead. To truly understand this growing market, Salary.com partnered with Lighthouse Research & Advisory to conduct a first-of-its-kind study to understand differences in pay practices and approaches between high- and low-performing companies. The report, Compensation Technology Buyer's Guide & Provider Landscape is intended to help compensation professionals and HR leaders evaluate the technology in t... view blog & white papers details

Business is a team of people working together for a shared goal. The better these people work as a team, the more successful the business becomes. Think of collaboration as the force that moves the business forward and business skills as the tools that ensure everything runs well. Regardless of your job or industry, having good business sense is essential for success. This guide talks about the core competencies everyone in business should have and offers tips on how to improve your understanding of business. Exploring Core Competencies in Business: What Defines Them? Core competencies are the... view blog & white papers details

Incentive Plans that Drive Business Results Eric McMillan, a Senior Compensation Consultant with 20+ years of consulting experience, discusses the relationship between incentive plans and business results. With the close of the first quarter, performance-based pay is top of mind. Compensation Strategy vs. Business Goals During our conversation, Eric explained that incentive pay is often based on, but not limited to, metrics related to the organization's financial goals (e.g., revenue and profit). Ensuring your organization's compensation strategy aligns with business goals is extremely importa... view blog & white papers details

When it comes to professional communication, a well-written business letter means business. However, writing a letter that looks official without being stuffy or dull takes finesse. This article breaks down how to format a business letter that makes an impact. It offers tips for crafting clear, concise content and arranging all the right components to make the letter look polished. Read on and discover the techniques that can help individuals write business letters like a pro. Understanding Professional Letters: What Is It and When to Write One? A professional letter is a formal way to communi... view blog & white papers details

Aligning your pay strategy with business goals ensures wise use of resources. In a competitive world, every part of your strategy needs to drive success. Compensation shapes employee behavior and performance. When pay matches business goals, it becomes a powerful tool for achieving desired outcomes. Read on and explore ways to link compensation with business priorities. Help motivate your team and drive success with these useful tips. Performance-Based Pay Structures Linking pay directly to individual and team performance is crucial, as it brings many benefits. It boosts motivation and account... view blog & white papers details

While employees work diligently to drive the business forward, does their pay plan effectively incentivize the desired outcomes? Various companies use the same stale pay structures, failing to consider if they drive performance aligned with current business goals. Rather than dusting off the same old pay plan, it is time to get creative. Read on to learn how to build an agile pay plan that evolves as business strategies and priorities shift. Discover how to incentivize the exact behaviors needed to drive the company forward. Aligning Compensation Plan with Business Goals To drive results, a p... view blog & white papers details

In recent times, organizations are seeking ways to make sure that their pay equity efforts align with their overall business strategy. So, what does this mean exactly? And, more importantly, how do organizations make sure they are doing it correctly? In this article, we will run through how your organization can align its business strategy and objectives with pay equity. As well as this, we will walk through how you can develop an effective pay equity policy and the benefits that your organization can reap from aligning pay equity with your overall business strategy. Let's take a look at how t... view blog & white papers details

The federal government unveiled new overtime rules that will have a massive effect on businesses across Massachusetts. The change will make thousands of workers eligible for overtime – posing a number of critical questions for businesses. The Boston Business Journal’s new Table of Experts program provides key insights on the changes, how businesses can respond to them and what the new rules mean for local employers. https://www2.salary.com/l/250572/2021-01-26/2nc1f55 view blog & white papers details

Every business has goals they are trying to achieve. But how do they ensure that everyone on the team is working towards the same objectives? One of the most effective tools for motivating and inspiring the team is implementing the right commission plan. This article delves into a comprehensive discussion about commission plans and why companies need them to drive their team's potential for success. What Is a Commission Plan? A commission plan is a structured pay system used to reward sales agents and individuals in performance-based roles. Its goal is to align incentives, motivating employee... view blog & white papers details