Comp Planning

Planning for a Successful Compensation Cycle

By: Bella Chow, Director of Client Delivery at CompTrak Whether you are just finishing your year-end compensation cycle or starting to plan for the next, it’s never too early or late to plan for your upcoming cycle to ensure its success. Regardless of company size, proper planning will prepare you to identify risks or opportunities early on, align your compensation …

Compensation Management Strategy

How Compensation Can Be a Strategic Lever for Organizational Growth

By: Perry Doody, Chief Product Officer at CompTrak Too often, organizations see HR as a purely operational function, rather than a strategic lever. Successful companies, however, are shifting away from this mindset and viewing the role of HR as a strategic one, not purely tactical or operational. A strategic lever refers to a strategy, function, or initiative that enables or …

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 …

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 …