Managing employee pay can be challenging. Calculating raises, bonuses, and benefits is a lot of work, and it can feel like a full-time job. But now there's an easier way to handle these tasks. Automating compensation management is changing the game for HR teams. No more spreadsheets or paper forms, and no more chasing down approvals. With just a few clicks, you can set up customized workflows to handle everything from performance reviews to promotion increases. Don't waste your evenings and weekends trying to keep up with old-fashioned HR methods. Read on and learn how compensation software ca... view blog & white papers details

Computer skills are essential in today's professional landscape. The ability to effectively navigate and use technology is crucial for success in many industries. Common computer skills include basic abilities in programs like Microsoft Office. Other people have advanced programming and data analysis skills, making them top talent in the job market. What are Computer Skills? Computer skills refer to the capabilities and knowledge of individuals to use computers and related technology effectively. There are two types of computer skills. These are hardware and software skills. Hardware Vs. Softw... view blog & white papers details

Do you ever wonder about the retirement plan that your organization has set up for you? Maybe they promise that they will give you a certain amount of money every month after you finish working? This is known as a defined benefit plan. A defined benefit plan is worth understanding. Unlike other retirement plans, a defined benefit plan guarantees you a fixed monthly payment for your life post-retirement. Let’s dive into what a defined benefit plan is in more detail. What is a Defined Benefit Plan? A defined benefit plan is a retirement plan where an employer will promise you a certain benefit t... view blog & white papers details

Companies lose money when employees leave. There is no doubt that high employee turnover is extremely pricey. However, the cost of losing an employee varies depending on your organization’s data points. No one likes to lose a great team member, yet employee turnover is an unavoidable reality of doing business. The cost of turnover can be hard to identify but it is essential for organizations to do so. Taking the time to measure the real cost of employee turnover helps organizations have smarter hiring and retentions decisions that greatly impacts your bottom line. Here are some steps you can t... view blog & white papers details

Businesses typically spend between 40 to 80 percent of gross revenue on employee salaries and benefits combined, depending on what sector the business is in. Because of this, it is critical that every organization treat their human resources (i.e., the personnel who work for a business or organization) as crucial assets. HR professionals have a clear mandate: help companies get the best return possible from their human capital while controlling costs and minimizing risk. Humans can be unpredictable. Many employees don’t reach their full potential, and some can even have a negative impact on bu... view blog & white papers details

When it comes to employee compensation you have some important factors to consider.  Does your salary offer match what others in the job market are paying?  Does your pay help the company meet its goals? Are your employees paid fairly, showing the company's commitment to treating everyone equally? When all these are checked out, you may want to consider this one as well: is your company currently using the right software to manage employee compensation? Why You Need Compensation Management Software Many small businesses use scattered spreadsheets or papers to keep track of employee compensatio... view blog & white papers details

Job description management can be a tiring task. Job descriptions require constant reviewing to ensure consistency, relevance, and compliance – and that can get dull. You wouldn’t be the first person to prioritize other tasks first. Thankfully, job description management software can relieve your biggest pain points. New software makes it easier to build, manage, and price your job descriptions. Say goodbye to copying and pasting old job posts. Determining pay ranges and handling compensation complaints can be a thing of the past. Investing in job description management software means you can ... view blog & white papers details

Automated resume screening has transformed how companies hire employees. This technology helps businesses quickly and efficiently review hundreds of resumes. But like all advancements, it presents its own set of challenges as well. This article will look into the pros and cons of automated resume screening, offering a balanced perspective. Automated Resume Screening: What It Is and How It Works Automated resume screening uses software to scan and evaluate job applications. This software looks for keywords, qualifications, and experience that match the job description. The system then ranks can... view blog & white papers details

Boosting revenue through sales is a big deal, especially in a tough market. But that is where a good sales commissions plan kicks in. It is the heart of a sales compensation strategy, linking what sales professionals do with what the company wants to achieve financially. This plan makes every sale count toward the company's goals, going beyond just paying people. It is a carefully designed tool that syncs what motivates salespeople with what the company aims for. This article explores the ins and outs of commission-based pay, showing how a smart sales commissions plan is the key to a successfu... view blog & white papers details

Internal pay equity has been a hot topic for many years. This movement is gaining momentum as more employees demand better working conditions. As HRMorning put it, “There’s no getting around it: 2023 is the year of the worker, and workers want pay equity and pay transparency.” Salary.com defines pay equity as equal pay for comparable jobs that is internally equitable, externally competitive, and transparently communicated – and the company is committed to achieving it. Successful companies know that success starts with your people. Unfortunately, the ongoing skills shortage and shift in employ... view blog & white papers details