From Legacy Systems to SaaS – Compensation Management in the Cloud

As SaaS (software as a service) and cloud technology become more commonplace in Compensation Management, it’s important for companies to understand how the cloud can bring security, transparency and increased focus to their organization. With an increasing trend towards a remote workforce, the importance of the cloud and SaaS Compensation Management will continue to grow over time.   Pros of …

COVID-19 Impact on Incentive Compensation

The COVID-19 pandemic’s impact on our daily lives has been unprecedented. Organizations are scrambling to realign their businesses to adapt to the challenges of a global pandemic. For those companies with incentive compensation, employees and managers are already speculating how the virus will affect their upcoming bonus cycle. Now is the time to start looking at how you can adjust …

Engaging Employees with Digital Platforms

Although most people go to work in order to earn money, they can be surprisingly passive when it comes to performance-based compensation. Of course, the companies they work for are partially to blame for this. Unless objectives and progress are visible and transparent, the journey toward betterment can be vague for all the parties involved. Fortunately, digital platforms are here …

Entrepreneurship

The True Heroes of Entrepreneurship

A few weeks ago I came across an article that profiled a well-known entrepreneur –  they were quoted as saying “The great thing about entrepreneurship is that you only have to be right once.”  The essence of the article was that you can have many failures, but if you hit it big that one time, it will be all worth …

CompTrak

Improving Employee Experience Through Digital Transformation

There’s no question about it: The digitization of the marketplace is in full swing. Those working in retail are bound to feel the sting most sharply, as digital platforms attempt to cannibalize their sales. Fortunately, it’s possible for companies to use certain technological advances to their advantage—and to the benefit of their employees. 88% of chief HR officers say they …

CompTrak

Startups Provide Co-op Students with New Insights into Business

Spotlight: Mahdi Khandaker – CompTrak’s Fall Co-op By: Bella Chow I recently made the jump to a start-up. Before that, I built my career working primarily in large financial institutions. My prior roles included managing co-op programs where there would be upwards of 125 co-ops in a work term. These programs were highly structured, offering students exposure to different individuals …

CompTrak

How to Choose the Right HR Software for Your Company

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 …