Redesigning Compensation For Top Performers
This is the second article in an ongoing series by David Creelman about redesigning compensation planning to acquire and retain top performers. To catch up on our discussion, you can read the first...
You can’t win the War for Talent with Market Data
Compensation systems are designed to keep average compensation under control. They are designed to attract and retain average people by paying close to market average compensation. They do an...
Would You Automate Your Compensation Planning If It Paid For Itself In The First Year?
Would You Automate Your Compensation Planning If It Paid For Itself In The First Year? At CompXL, Our ROI badge from G2 proves that clients can quickly get incredible value from our...
Why CompXL Is A G2 Momentum Leader
Swinging For The Fences There’s something magical in the loud, brief friction of a wooden bat slamming into a baseball. It’s an unmistakable sound wherever you are; satisfying wherever you hear it,...
Why NPS Matters When Choosing Compensation Software
What is NPS? If you google this question, the internet will give you two answers: one about National Park Service and another about the customer satisfaction metric known as the Net Promoter Score....
Hit hard by COVID-19, Walgreens won’t pay full bonuses to employees, will enhance pickup options for customers
A big drop in profits is spurring Walgreens Boots Alliance — which was already trying to reinvent itself before COVID-19 — to enhance pickup options for the drugstore chain’s customers and again...
My journey from Excel to CompXL: The Shannon Laszlo Story
I will never forget the first time I discovered that a spreadsheet error had gone undetected. Physically, the realization produced a sinking feeling in my gut. The moment I discovered the error was...
CompXL Awarded Best ROI in Compensation Management by G2 Report
July 15, 2020 09:00 AM EST JACKSONVILLE, Florida, July. 16, 2020 – HCR Software’s CompXL, a leading compensation management SaaS solution, announced it has been awarded the best estimated ROI rating...
COMPXL FOR ADP WORKFORCE NOW
CompXL Wins ADP Marketplace Top Closer Award for 2019CompXL Wins ADP Marketplace Top Closer Award for 2019 Award recognizes CompXL for proven expertise in converting marketplace leads into satisfied...
Volkswagen Workers in Chattanooga Unionize Over Pay, Working Conditions
COMP NEWS - Workers at a Volkswagen plant in Tenessee voted to join the United Auto Workers union, becoming the first plant in the southern US to unionize since the 1940s. Hourly workers at Volkswagen’s plant in Chattanooga, Tennessee, overwhelming voted to join the...
Bourbon Maker Gave Out Pay Raises, But Did It to Thwart Union Efforts, Judge Rules
COMP NEWS - A popular bourbon maker recently handed out free whiskey and $4-and-hour pay raises to its staff. The problem - a judge just ruled that the pay bumps were explicitly timed to illegally undermine an upcoming unionization vote. Woodford Reserve undermined...
Final Overtime Rule Clears White House Review
COMP NEWS - The U.S. Department of Labor is updating the way workers may be included or excluded from overtime pay requirements. The U.S. Department of Labor’s final rule updating the standard by which some workers may be excluded from the overtime pay requirements of...
Nearly Half of CEOs Are Conceding That Hybrid Working is Here to Stay
COMP NEWS - After nearly two years of emphasizing looming return-to-office mandates, CEOs are beginning to shift their stances, with almost half now accepting that hybrid working is here to stay. Good news for those hoping to cling on to working from home: After a...
Many FBI Agents Are Struggling to Live on Their Salary
COMP NEWS - Many FBI agents are struggling to live on their salaries due to the high costs of living in areas they are assigned, forcing them into long commutes and co-living situations. Many FBI agents based in cities with a high cost of living are struggling to make...
Women in UK Finance Earn a Third Less Than Male Colleagues, Data Shows
COMP NEWS - Top financial firms in the UK pay women less than their male counterparts on average, according to new salary data. LONDON, April 5 (Reuters) - Some of Britain's top financial firms pay women 28.8% less on average than male counterparts, salary data from...
Taiwan’s Two Biggest Liners Reduce Annual Bonuses Amid Falling Profits
COMP NEWS - Two Taiwanese liner operators, who made news last year for giving workers astronomically large bonuses worth several years' salaries, are reducing this year's bonuses after less-than-astronomical profits. With substantially reduced profits a foregone...
41% of Surveyed Executives Say AI Will Reduce Workforce
COMP NEWS - A survey of senior executives reveals a chilling statistic: 41% of them expect to cull their workforce in the next five years and replace workers with AI technologies. A survey of senior biz executives reveals that 41 percent expect to have a smaller...
Some Employers Want to Start Offering Addiction Recovery Help
COMP NEWS - Around seven in ten people with an addiction to drugs or alcohol are employed in a workplace. Modern employers can use a variety of tools and resources to create a supportive space for such workers - and it could help with employee retention. Employers...
Top Performers Resign When New Hires Are Paid More
COMP NEWS - A new study out of the Harvard Business Review is shining a light on the effects of paying new hires more than existing employees in similar roles. To attract top talent, employers often pay new hires more than they pay existing employees in equivalent...
WHO Helps Overhaul Health Worker Compensation in Africa Through Digital Payments
COMP NEWS - The World Health Organization has partnered with African countries to pay frontline health workers through digital payments, securing easier and safer methods of distributing employee compensation. Campaigns in Africa to stop polio and other diseases have...
New Mexico Supreme Court: Compensation Caps on Workers With Mental Impairments Unconstitutional.
COMP NEWS - The New Mexico Supreme Court has struck down a law that allowed employers to pay less workers' compensation to employees who suffered from mental impairments. SANTA FE, N.M. — The New Mexico Supreme Court ruled the caps on workers’ compensation for...
California Fast-Food Workers Will Now Get $20 Minimum Wage
COMP NEWS - California fast-food workers will start making $20 an hour this week, as a new state minimum wage edict officially goes into effect. California fast-food workers cooking Big Macs or whipping Frappuccinos will start making a minimum wage of $20 an hour on...
Amazon Withholding Cash Bonuses From Senior Workers This Year
COMP NEWS - Amazon is slashing cash bonuses from its senior workers this year, a move sure to anger long-time employees who are used to the generous bonuses. Amazon’s senior managers and other senior leaders won’t receive cash pay raises this year, Fortune has...
