Elevate your year|end compensation planning

Pros and Cons of Performance-Based Pay - APS Payroll

Another way to identify areas of improvement is to incorporate performance appraisals into your merit-based compensation plan. Employers can ...

Compensation Planning Software - Paycor

Compensation Management Software · Automate Your Compensation Strategy · Efficiently Manage Spend, Complete Raise Cycles, and Increase Pay Transparency · Build ...

How to Tell an Employee They Didn't Get a Pay Raise or Promotion

Raises and promotions are the gold standard for recognizing an employee's contributions to their company. Higher compensation and greater responsibility signify ...

Performance and Compensation Management | Do's and Don'ts

No matter what you choose, it's important to outline exactly what each goal is and what is needed to obtain the raise. Not only does it give employees a clear ...

Bonus vs Raise for Small Business Employees - Countless.io

You also have a profit-sharing plan that gives employees an annual bonus of 3% of their salary. In the first year or two of this arrangement, ...

How to prepare for a pay review meeting with your manager - Zensai

Pay review preparation tips · 1. Understand your employer's pay review framework · 2. Be realistic about your salary increase expectations, but ...

How to Ask for a Raise: 8 Effective Tips - The Cut

How to Ask for a Raise · 1. First, know that asking for a raise is normal. · 2. If you've been doing excellent work for a year since your salary ...

How Much Will Salaries Increase in 2025? | Careers | U.S. News

According to a recent study by payroll firm ADP, workers who stayed in the same job reported a 4.8% year-over-year pay increase, whereas pay ...

Compensation Management Software - Paylocity

Show Employees Your Investment in Them ... Easily create and distribute a view of total compensation—including salary, benefits, gym memberships, etc.— to provide ...

What is the importance of Compensation and Benefits for employees?

The truth is that often a Compensation plan tailored to the needs and tastes of employees can have a significant impact on their motivation and therefore their ...

Everything You Want To Know About Merit Cycles (But Were Afraid ...

Most employees assume the best or only time to get a raise or promotion is during that short period at the end of the merit cycle. However, it's ...

What Is a Salary Review? - Velocity Global

The salary review process typically involves an employer comparing the employee's salary to their market value, performance, and the salaries of other employees ...

CFOs plan to raise salaries 3.9% in 2025: WTW - CFO Dive

That year, employers faced an unusually tight labor market and provided a 4.5% median pay raise. The current decline in demand for labor “stems ...

Variable Compensation: Types & Best Practices for Variable Pay Plans

Don't wait until the end of the year to discuss job performance. Offer regular feedback so employees understand how they're tracking against ...

Pay for Performance - Compensation Force

As an initial step in addressing this gap, we introduced a set of organization-wide performance measures to the management incentive plan, so that this reward ...

What is a salary review? - HiBob

What can HR leaders do to implement effective salary reviews? · Analyze the performance review criteria. · Train managers in performance management. · Consistently ...

Annual Merit Increase Program

Determining merit increases for employees is part of the Annual Salary Management process. The level of merit pay an employee receives is connected to an ...

How to Calculate a Salary Raise Percentage for Your Employees

Salary raises can also depend on an employee's length of service. How long have they been with the company? You might give a pay raise to ...

Pay Raises in the US: Calculation and Compliance Guide - Factorial

All pay raises should be part of a fair and consistent compensation plan that is in line with the company's values and where goals. That can ...

5 Types of Compensation Beyond Salary - Bucketlist Rewards

From entry-level staff to senior executives, employees across the board are looking for more than just a paycheck. They seek more creative types of compensation ...