Category: Compensation Administration

Managing Incentive Compensation Plan Changes: 5 Steps for Success

by John Ristuccia, vice president, Professional Services, Optymyze An incentive compensation plan, in which salespeople are compensated based on their ability to meet established performance goals, is key to building an engaged sales force aligned with the overall goals of the organization. Done well, these plans are highly effective, in terms of driving positive selling […]

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Q&A: FLSA Overtime Exemption Regs Create Pay Compression

Question: We are currently evaluating a number of exempt positions with our company in respect to forthcoming FLSA overtime exemption changes.  Their salaries range below the new salary threshold and above (all depends on tenure and experience). We are looking at bumping everyone to the minimum amount.  How are most companies handling the individuals who […]

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Infographic: How Do SMBs Evaluate their Current Payroll Systems?

Even though most payroll administrators at small and medium businesses (SMBs) indicate they are satisfied with their current provider, nearly 40% of those same managers say they are likely to switch payroll solutions within the next 12 months, according to a recent survey by Clutch, a leading B2B ratings and reviews site. Although 85% of […]

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Where to Get Pay Survey Data

Pay surveys are an important tool for developing and maintaining pay plans that fairly reward employees without breaking the bank. But where should the information come from? Should it be gathered by someone in-house? Or paid for from a consultant? What are the options?

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