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So far mpadmin has created 17 blog entries.

7 Questions to Ask When Evaluating Market Pricing Systems!

By |September 20th, 2016|Market Pricing System|

When you’re searching for a new market pricing system to set up for your organization, you’ll find yourself comparing option after option, examining software and support, and numerous factors, to help you determine which system is the right approach for you. These questions will help you sort through the best market pricing systems to discover [...]

Leveraging Compensation Strategies for a Competitive Advantage

By |August 31st, 2016|Compensation Management Software, Compensation Software|

Being a competitive force in compensation when it comes to attracting skilled employees isn’t just about offering higher salaries and bonuses to all employees. Paying the highest wages across the board does not inherently make you more competitive as an organization, and is overall a simple approach, rather than a deliberate strategy. In fact, an [...]

Keys to Calculating ROI for Employee Recognition Programs

By |August 23rd, 2016|Market Pricing System|

Investing in people and processes are an integral part of any business. And trying to get a sense of what the return on that investment will be is the automatic next question when determining what and where those investments will be. When it comes to employee compensation, or market pricing systems, organizations may be spending [...]

Creating a Successful Recognition Program

By |July 26th, 2016|Compensation Management Software, Compensation Software|

Recognition programs used by organizations to reward and motivate employees can sound like they’re offering the best of everything. It can be difficult, however, to pinpoint whether or not these programs are actually accomplishing what they set out to. Is there a significant ROI, or are they really only for show? A Culture of Recognition [...]

Short- and Long-Term Goals: Thinking Beyond the Financials to Build Employee Loyalty

By |June 22nd, 2016|Uncategorized|

The reality of budget constraints is an obvious presence when planning any compensation strategy and in practically every other conversation as well. However, it cannot be the only consideration. As with all other aspects of the business, keep the overall goals uppermost in your mind as you make hiring decisions and draw out your compensation [...]

How to Acknowledge Market Data without Succumbing To It

By |June 12th, 2016|Compensation Management Software, Compensation Software|

Being competitive with the market is an important aspect of developing market-based compensation strategies. However, market-based does not mean market-mirrored. Sourcing from information in adjacent industries and companies does not mean you must necessarily follow those numbers to the letter, rather that this information is providing you with baseline research from which you will draw [...]

Designing a Compensation Plan to Drive Business Goals

By |May 22nd, 2016|Compensation Management Software, Compensation Software|

Compensation plans are not simply a way of organizing paychecks and maximizing talent acquisition. In addition to its many other benefits, a thorough, intentional compensation strategy can also serve to drive the central goals and values of your business. Cascading Achievement In the life of a business, overarching goals are set at a high level, [...]

Achieving Fairness in Pay: Making the Most of Your Compensation Strategy

By |May 12th, 2016|Compensation Management Software, Compensation Software, Market Pricing System|

Everyone wants to make more money, receive better benefits, and work in a great environment. At the core, however, is there something even simpler and straightforward motivating employees to focus on compensation? From entry-level on up, all employees wants their pay to be fair (not equal, necessarily, but fair). Simple as that may seem, fair [...]

Examining Two Key Compensation Metrics

By |April 22nd, 2016|Compensation Management Software, Compensation Software|

When you use Google services, you trust us with your information. This Privacy Policy is meant to help you understand what data we collect, why we collect it, and what we do with it. This is important; we hope you will take time to read it carefully. And remember, you can find controls to manage [...]

6 Common Resources for Market Pricing Practices and Which is Best

By |March 21st, 2016|Compensation Management Software, Compensation Software|

Know the trends in pay rates and the changes in surrounding industry norms, and your business can be poised to make the most effective choices. In order to determine how to strategically price positions within your own company, you must know the decisions that other companies are making, including how they pay their employees. Most [...]