When it comes to compensation management, we all hate the idea of being buried in piles of paperwork, wasting our time producing reports, staring at spreadsheets and being trapped in an endless cycle of overprocessing and errors. Acting as a lifeline to hold on to in the rough waters of HR management, businesses can alternatively choose to hop on board …
Perry Doody, CompTrak Co-Founder and the Compensation Guy. One of my pleasures when travelling for business is visiting different CrossFit gyms. It gets me up early and allows me to get my daily WOD (workout of the day) in. In the past few years, I have visited more than 50 different CrossFit gyms across North America and Europe. Each gym or box, as …
Perry Doody, CompTrak Co-Founder and the Compensation Guy. Today I want to take look at one of our new modules at CompTrak, Plan Governance. For many organizations that have multiple compensation plans, it can be a challenge to monitor and review those plans into one central place and retrieve information quickly and easily. Our new Plan Governance module addresses those …
Perry Doody, CompTrak Co-Founder and the Compensation Guy. One of my summer pleasures has always been going to a nice air-conditioned movie theatre, grabbing a bag of popcorn and letting myself escape reality for a few hours with a great story. I have been looking forward to the opening of Once Upon A Time in Hollywood for many months. I …
Perry Doody, CompTrak Co-Founder and the Compensation Guy. We have been fortunate to have delivered many different versions of online and mobile compensation statements. There are three key elements that are critical to a successful Total Rewards Statement: 1. The statement needs to be a personalized experience. There is nothing more personal than compensation. The employee should experience and feel …
Perry Doody, CompTrak Co-Founder and the Compensation Guy. I often get asked what makes a great compensation plan? Over the course of the last twenty years, I have had the privilege to see many compensation plans. There are two key elements that stand out for me. Alignment with Strategic Goals The first key element to a great plan is the …