article thumbnail

5 Must-Have Components of a Compensation Management System

HRsoft

A solid compensation management system should go beyond just checking the boxes by paying people fairly. By optimizing your approach to compensation, you can go beyond pay and spur continuous improvement across your organization. The post 5 Must-Have Components of a Compensation Management System appeared first on HRsoft.

article thumbnail

Pay-for-Performance Management and Compensation: A Symbiotic Relationship

HRsoft

Decisions about employee compensation can have an undeniable impact on an organization. While larger compensation packages can cost a company more, they serve as an effective tool in boosting employee morale, improving work efficiency, and motivating team members to do more. Salary and wages. Additional perks.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Tips for Developing a Powerful Compensation Philosophy

HRsoft

A compensation philosophy aims to ensure pay is market-competitive and aligned to the business strategy. To support these two factors, there are six components, or goals, of compensation philosophy: Attract top talent from the market. Keep in mind that compensation data may need to be reviewed outside of your specific niche.

article thumbnail

Understanding the Gig Economy and Modern Compensation Management

Recruiting Daily

Which brings us to the point about compensation. Does a new way of working call for a rethink around traditional approaches to compensation management? Nearly half of the gig workers (46%) surveyed by Pew said that companies have been unfair to them when it comes to benefits. A Modern Compensation Philosophy for the Gig Economy.

article thumbnail

5 Must-Have Components of a Compensation Management System

HRsoft

A solid compensation management system should go beyond just checking the boxes by paying people fairly. By optimizing your approach to compensation, you can go beyond pay and spur continuous improvement across your organization. The post 5 Must-Have Components of a Compensation Management System appeared first on HRsoft.

article thumbnail

Background on Compensation Survey Data

HRsoft

In this clip from the webinar, How To Build A Competitive Pay Structure with Compensation Survey Data, Mark Avery, CEO of MarketPay, gives an overview of survey data and why its used. Looking for more info on compensation management software? Check out our High Impact Compensation System, COMPview™ at [link].

article thumbnail

AAPPR Survey Shows High Levels of Job Satisfaction Among Physician Recruiters

Hospital Recruiting

A recent survey by the Association for Advancing Physician & Provider Recruitment (AAPPR) found the majority of physician recruiters are satisfied or highly satisfied with the work they perform. The survey polled about 300 professionals and found 74% reported a good to very good level of job satisfaction. christianchan/123RF.com.

Survey 65