In today’s dynamic business environment, effective compensation management transcends traditional salary setting. According to the SHRM 2022 Report, 55% of employees would demonstrate greater loyalty to their company if they had increased visibility into pay practices and decisions.
It is no secret that the world of compensation management is changing in a big way. These changes are happening as part of a larger sea change across the HR/HCM landscape.
In today’s ever-changing compensation landscape, having a multidimensional approach to setting pay ranges is not just recommended—it’s imperative. Drawing on traditional surveys, current job postings, and internal data can provide you with a nuanced, accurate pay range for any role. Here’s how to do it right.
Today, we announced that I joined Payfederate as CEO. I’ve been working with the team for a few months and became increasingly passionate about the role we can play in the compensation software market.
