Blog - Page 2 of 8

21 Oct 2024

Top Benefits from Leading Companies in 2024

Posted on October 21, 2024 (October 21, 2024) by Laura Morgan

Cover of the 2024 MorganHR Benefit Research Study, focusing on the transparency of benefits. This report reveals what large companies promote as key offerings and how candidates evaluate benefits packages during their job search. It highlights the importance of clear communication in benefits to attract and retain top talent.

Revolutionizing Health and Wellness Offerings In 2024, leading companies are increasingly recognizing the importance of health and wellness benefits, with many actively promoting these offerings online in a transparent and detailed manner. This approach caters to the growing demand from job seekers who prioritize clarity when assessing potential employers. Companies like NVIDIA and Salesforce stand […]

17 Oct 2024

by Stacy Fenner Permalink

Building Strong Compensation Strategies by Embracing Local Cultures and Traditions

Posted on October 17, 2024 (October 12, 2024) by Stacy Fenner

Group of diverse individuals representing different cultures, ethnicities, and backgrounds working together in a collaborative environment.

In today’s global business environment, compensation strategies must go beyond just numbers. For HR leaders, especially those managing teams across various locations, it’s crucial to embed compensation elements that reflect local practices and traditions. What works in one location may not necessarily work in another. Understanding Local Differences in Compensation HR managers often face challenges […]

15 Oct 2024

by Laura Morgan Permalink

Analyzing Compensation Structures to Align with Local Practices

Posted on October 15, 2024 (October 12, 2024) by Laura Morgan

Various international currencies representing global compensation practices.

In today’s globalized business world, compensation strategies that work in one region may not be effective in another. Ensuring that your compensation structures are aligned with local market standards is essential for compliance, talent retention, and overall business success. This becomes even more critical in mid to large-sized companies as they operate across multiple cities, […]

10 Oct 2024

by Michelle Henderson Permalink

Effective Strategies to Communicate Compensation Policies and Motivate Customer Service Teams

Posted on October 10, 2024 (October 4, 2024) by Michelle Henderson

A functional manager discussing compensation policies and decisions with their customer service team

Customer service teams hold the power to shape your brand’s reputation. As the direct link between your business and its customers, these employees determine how your company is perceived. Because of this, tying their compensation to performance isn’t just about rewards—it’s about ensuring that the people representing your brand are motivated, engaged, and understand their […]

08 Oct 2024

by Alex Morgan Permalink

How to Tie Compensation to Customer Service Performance Metrics

Posted on October 8, 2024 (October 6, 2024) by Alex Morgan

In today’s competitive business landscape, customer service is often the backbone of success. But how can you ensure your customer service team performs at its best? The answer lies in tying compensation directly to performance metrics. When properly executed, linking pay to performance encourages employee engagement, drives business outcomes, and enhances customer satisfaction. However, implementing […]

04 Oct 2024

by Austin Schleeter Permalink

Practical Tips for HR Leaders: 2025 Budget Forecasting and Compensation Planning

Posted on October 4, 2024 (November 15, 2024) by Austin Schleeter

squeezing a dollar bill or a budget document, symbolizing the challenges of tight financial constraints during budget planning

As we move into the final quarter of 2024, HR leaders are focused on planning budgets and compensation strategies for 2025. Fall is typically a time for reflection and preparation, but for HR teams, the priority is setting accurate forecasts that balance company growth with employee satisfaction. Emotional and diversity challenges may not be the […]

02 Oct 2024

by Stacy Fenner Permalink

Why Pay Conversations Shouldn’t be Reserved for Once a Year

Posted on October 2, 2024 (October 4, 2024) by Stacy Fenner

Early in my career, I dreaded the annual pay conversation. Even as an HR leader, I dislike conflict—whether the raise wasn’t enough, someone wanted to negotiate, or I had to deliver tough feedback. When the conversation ended, I’d sigh with relief, glad I didn’t have to deal with it again for another year. However, over […]

18 Sep 2024

by Michelle Henderson Permalink

What Your Performance Ratings Say About Your Company Culture

Posted on September 18, 2024 (October 4, 2024) by Michelle Henderson

In many organizations, performance reviews are an inevitable part of work life. But have you ever stopped to consider what the actual ratings used in these reviews reveal about the culture of your company? The language used in performance ratings can provide a window into the broader values and behaviors that shape your workplace. Whether […]

07 Sep 2024

by Laura Morgan Permalink

Identifying and Managing “Compensation Tensions” in Growing Businesses

Posted on September 7, 2024 (September 11, 2024) by Laura Morgan

Introduction As businesses grow and new leaders join, tensions often arise between a company’s compensation philosophy and its evolving business strategy. Recognizing and addressing these tensions is crucial for maintaining alignment and achieving organizational goals Recognizing and addressing these tensions is crucial for maintaining alignment and achieving organizational goals. Understanding these dynamics helps ensure that […]

14 Aug 2024

by Laura Morgan Permalink

Leveraging Market Data to Keep Your Team Competitive

Posted on August 14, 2024 (August 14, 2024) by Laura Morgan

conference table discussion 2025 compensation strategy

In today’s rapidly changing job market, managers face the ongoing challenge of ensuring their teams remain competitive and motivated. One of the most effective tools at your disposal is market data. But how can you use this data to make smart pay decisions, especially when faced with a limited merit budget? Let’s explore how to […]