Compensation Management Software Resources

Articles, Glossary Terms, Discussions, and Reports to expand your knowledge on Compensation Management Software

Resource pages are designed to give you a cross-section of information we have on specific categories. You'll find articles from our experts, feature definitions, discussions from users like you, and reports from industry data.

Contents

Compensation Management Software Articles

How to Build a Profit Sharing Strategy for a Thriving Business

One of the most significant motivators for employees is often—if not always—money.

by Mara Calvello

How to Award Your Team Merit Pay for Their Hard Work

It’s always nice to be rewarded for hard work.

by Mara Calvello

How to Build a Competitive Compensation and Benefits Plan

When it comes to attracting top talent and recruiting the best possible candidates to work at your company, how do you make coming to work for you stand out from the rest?

by Mara Calvello

Compensation Management Software Glossary Terms

Combat Pay

Any active military personnel can earn taxable or nontaxable combat pay in an active military zone. Learn about what does and doesn’t qualify.

by Whitney Rudeseal Peet

Time Tracking

Time tracking is the process of employees logging work over a fixed period of time. Learn about time tracking for hourly workers and billable projects.

by Holly Landis

Base Pay

Base pay is the salary a company pays an employee before benefits or deductions. Learn best practices for setting base pay and which factors to consider.

by Kelly Fiorini

Clawback

A clawback provision allows a company to take back money given to an employee. Learn how different industries use clawbacks and the potential benefits.

by Kelly Fiorini

Golden Parachute

A golden parachute refers to a specific type of compensation promised to executives within a company. Learn more about the benefits and best practices.

by Stephen Hoops

Sign-On Bonus

A sign-on bonus is an award offered to a candidate as an incentive to join the organization. Learn about the benefits, challenges, and more.

by Mara Calvello

Severance Package

A severance package is an offering of pay and other benefits to a laid-off employee. Learn more about features, elements, and more.

by Kelly Fiorini

Back Pay

Back pay is used to describe any form of unpaid financial compensation owed to an employee by an employer. Learn more about back pay and how to collect it.

by Amanda Hahn-Peters

Salary Freeze

A salary freeze is when a company suspends salary or wage increases. Learn the benefits of doing so and the best practices. Plus, use this free template.

by Mara Calvello

Gain Sharing

Gain sharing is when an organization rewards employees’ hard work or improved performance with a pay increase. Learn about the plans, benefits, and more.

by Mara Calvello

Compensation Management Software Discussions

Question on: Paycom

Has anyone used the Expense management tool? Has it served to be useful?

How was the pricing? What are pros and cons?

Multi project management is a crucial part of running a successful business. Companies https://www.epicflow.com/features/competence-management/ are often required to work on multiple projects at a time. If they fail to manage their projects properly, they could lose clients or even be unable to finish some projects on time. In order to avoid these unfortunate events, it is important to use the right software. These tools are designed to allow managers to easily visualize the results of their projects, and allow them to make better decisions.

Answered: Denny Luyis on January 25, 2023

As a Manager, it couldn't be any more straightforward. You can fill out expenses from your phone and upload receipts from your phone or Google Drive. Managers could also approve expenses for their employees. This makes it much easier for payroll to manage expenses. You can see your own history. Setting up Expense Rules and Categories is extremely easy for an administrator.

Answered: Andrew Long on March 19, 2021

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Answered: Henry Kevin on September 1, 2021

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Answered: Jason Kevin on March 10, 2022

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Answered: Jefferson Walker on March 4, 2022

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Your answer

Question on: Marketpay

What is the best way to utilize rule based pricing or job matching if you organization follows a matching metrics depending on the number of survey used for a country?

What I mean here is if you have a job matching metrics from multiple surveys. It is a manual effort to have all of them stored in job matching. For example, if the 'A' match did not work I want to take the 'B' Match then 'C' so on and forth. Similarly in the rule-based it again a manual effort to add those rules for 40+ countries depending on the country specifics.

The survey job matches initially must be defined in the Job Matching module. From there, a user can create a rules-set that gets applied to jobs that have been matched in Job Matching. The rules currently are limited to selecting priorities for data cuts within a survey but not priorities for survey job matches, i.e., a user can set up a priority 1, 2, 3, etc data cut within a survey, but they cannot say use match A from survey 1 but if no data exists, use match B from survey 2.

Compensation Management Software Resources

Articles, Glossary Terms, Discussions, and Reports to expand your knowledge on Compensation Management Software

Compensation Management Software Articles

How to Build a Profit Sharing Strategy for a Thriving Business

How to Award Your Team Merit Pay for Their Hard Work

How to Build a Competitive Compensation and Benefits Plan

Compensation Management Software Glossary Terms

Compensation Management Software Discussions

Compensation Management Software Reports