What You Didn’t Know: 3 Ways Remote Work Affects Compensation Planning

By: Perry Doody, Chief Product Officer at CompTrak Remote work is here to stay. Across many industries organizations are being forced to embrace digitization as they implement long-term work from home (WFH) strategies. World-leading companies, such as Google, Facebook and Amazon have already announced that employees can work remotely for the long-term future. But there is something that many of …

4 Strategies to Successfully Manage your Bonus Cycles

By: Perry Doody, Chief Product Officer at CompTrak Like a smoothly revolving wheel, any company’s bonus cycle should operate with fluid regularity. But sometimes, you can encounter obstacles in the road.  Managing bonus cycles can be complicated by the increase in remote working, missing or outdated data and by shifting market conditions. Any one of those factors can easily confuse …

Trends in Compensation Management for Forward-Thinking Organizations

By: Perry Doody, Chief Product Officer at CompTrak As an HR professional its imperative to keep an eye on compensation management trends as you strategize and prepare for each new cycle. So far, 2020 has seen significant disruptions to normal business operations that few anticipated. For many, it has meant reprioritizing and taking a new perspective on compensation. Here are …

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 …

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 …

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 …

Total Reward Portal

Get Started with Total Rewards Statements

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 …