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 …

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 …

CompTrak

What Makes a Great Compensation Plan

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 …