2020 has been a year unlike any other, one that many of us might like to forget. But it was also a year that spawned renewed interest in HR digitalization. As companies grappled with business and organizational change, with lockdowns and remote working, many HR departments realized that going digital with their total rewards and other HR processes was no longer just a nice-to-have.
As we look back over the past year, these are the top five articles that have gotten the most engagement from our readers, whether written in 2020 or earlier pieces that still resonate. Take a look and see what you may have missed!
#5: Simplifying Compensation Processes for Remote Work
Employees, managers, and HR compensation teams all suffer when compensation processes are cumbersome and time consuming. Now, with many employees working from home, there is no better time to move ahead with digital transformation of compensation processes. Read the article.
#4: Now Is the Time: A Pay Equity Playbook
Pay equity is important to our sense of fairness, and it's also important to employees, especially among the emerging younger workforce. But it's not as simple as comparing salaries. It requires looking at the right metrics and knowing what to look for in your data. Our pay equity playbook can be your guide. Read the article.
#3: Optimize Your Compensation Spending in a Downturn
When times are tight, it is even more important to be on top of your compensation strategy and control your costs. You need to understand what is going on in the business—so that you can make the right strategic decisions. Are your compensation systems ready? Read the article.
#2: The Importance of Technology for Compensation Alignment
An organization’s culture and its compensation system are complementary pieces in achieving the strategic goals of a company. Without the alignment of these pieces, the results can be unpredictable. Just as technology has increased the efficiency of business processes in many other business functions, the use of compensation management technology can free HR from many of the manual tasks it performs today. Read the article.
#1: Four Reasons Why Managing Global Compensation Is So Complex
Do you manage Enterprise Compensation in a large and global organization? If you are responsible for managing merit increases, bonus plans, long-term incentives, or non-cash rewards in a complex, international organization, you probably face challenges like multiple currencies, languages, companies, time zones, and reward cultures, not to mention balancing global vs. local needs. Read the article.
Download our top eGuide of 2020, Agile HR: How to Adapt Strategy, Motivate Performance, and Optimize Comp Spend through Periods of Change, to assess your level of preparedness and see how a centralized total compensation management system can help your business adapt to change.
