Salary Planning Strategies

In today’s rapidly changing world, yesterday’s salary planning strategies just won’t cut it.

Gone are the days of 3% across the board increases. Today, many organizations are convinced that more differentiated pay is needed to attract, retain, and engage top performers.

Gone are the days of centralized compensation decision making. Today, many organizations realize that informed and effective decisions must involve direct level manager input and discretion.

Gone are the days of slapping a company logo on a letter with W2 data and calling it a compensation statement. Today, many organizations are looking to close the perception gap and offer more pay transparency by providing robust Total Compensation Statements that include the employee’s base salary, fringe benefits (benefits, PTO, retirement match), bonuses and/or commissions as well employer branding and values.

Gone are the days of suffering through the limitations of an inflexible compensation module offered as part of a bundled ERP/HCM/TM system. Organizations now demand more flexibility.

Salary.com’s compensation planning product is designed to maximize your agility so you can deploy innovative incentive strategies. We believe you should never have to choose between flexibility and automation. Schedule your 30 minute demo today.