Today we took the wraps off CaptivateIQ inaugural State of Incentive Compensation Management Report ✨ ! Over the past few months, we surveyed 200 incentive compensation leaders across RevOps, Finance, Accounting and HR to understand the challenges and opportunities they’re seeing. Incentive compensation is meant to…incentivize. And in most cases it does (over half of payees agree) but our report unearths opportunities for comp teams to better align incentive compensation to business goals. 🤖 Only 43% of comp teams have automated the commissions process, leaving them mired in admin work rather than optimizing for outcomes 🔭 Both comp leaders and payees agree transparency is important, but there’s a disconnect; 61% of comp leaders believe they provide adequate transparency, but <50% of payees have confidence in payouts 🏔 The mountain of commissions data is largely untapped with less than 40% of incentive comp leaders actively reporting on incentive performance and less than 50% optimizing their program based on insights Dig into the data and tactical recommendations (& appreciate the genius of Heather Lohmann and Jarrod Ryhal) here 👇
Lindsey Bly’s Post
More Relevant Posts
-
Ready to boost your compensation game? 🚀 Mark your calendars for the hottest webinar in town - "Unlocking Business Success Through Compensation Benchmarking" on December 14th, Thursday, at 3:30 PM. 🗓 🕞 Get ready to: 🌐 Dive into the Power of Compensation Benchmarking 💼 Supercharge Your Business Success with Benchmarking 📊 Master the Art of Data-Driven Decision Making Secure your spot now! Hit the link in the comments to register now 👇 Let's rewrite the rules of compensation together! 🙌 #compup #webinar #compensationplanning #hrinnovation
-
-
In this episode, learn the art and science behind crafting effective incentive programs.🔍 Explore the ins and outs of overall compensation design, with a specific focus on incentive pay. From bonuses to commissions, Rhamy guides you through building a customized compensation scheme that shapes behavior and drives results. 💡 🔊 Listen Now! https://zurl.co/uXUU 🎧💼 #IncentivePrograms #CompensationDesign #WorkforceProductivity
How to Create an Incentive Compensation Program That Works - People Processes
peopleprocesses.com
-
Payscale’s 2023 Compensation Best Practices Report is now available. This comprehensive report breaks down data and insights for business leaders to use in planning their compensation strategy. Click here for the largest known survey focused on compensation management best practices. bit.ly/3u1RgBB #compensationstrategy #compensationplanning #smallbusinessowners
-
-
With Assemble customers have seen: ☑ 85% average reduction in overall labor spent planning and running a review cycle ☑ 70% average reduction in review cycle length from planning to cycle completion ☑ Less than 10 average time-to-value (in days) from onboarding to completing a company-wide review cycle Learn more about our comp planning approach: https://lnkd.in/eWK2wxK4
Assemble | Products | Compensation Planning
assemble.inc
-
A trending compensation initiative we’ve seeing across companies recently: Compensation Philosophy Revisiting their compensation philosophy to make sure it aligns with current business needs. Balancing ability to attract and retain talent, but also ensuring using budget more thoughtfully. Learn more about how Kamsa helps companies update their compensation philosophy. https://lnkd.in/e-7hq78p #compensationstrategy
Kamsa - Compensation Software
kamsa.co
-
Let's talk about the future of compensation management. Check out the top 6 trends shaping compensation & benefits. Read more: https://bit.ly/3QsuUkz
-
-
Workforce Analytics and HR Tech Solutions Evangelist who loves helping organizations better hire and retain their most important asset - Their Talent I Runner | Running Coach
Last week’s Product Roadmap call with our VP of Product, Steve Heister, sparked insightful discussions! 43% of respondents highlighted that compensation data loses relevance after 1 year, with a staggering 89% agreeing that it isn't relevant after 2 years. Surprisingly, only 21% conduct a compensation study annually. At GovInvest your Live Compensation data is refreshed semi-annually and offers a comprehensive view beyond salaries. Discover more at the link below. Learn more: https://lnkd.in/efJs_2rz
Effective Government Starts With Intelligent Tools
govinvest.com
-
Upcoming Payscale Webinars! 🌟 There is still time to join us today! 🗓️ June 13th - How to Craft a Winning Compensation Strategy 🗓️ June 20th - What’s Next for Annual Reviews? 🗓️ June 25th - Compensation Data Demystified: Unveiling Expert Insights Secure your spot by registering here: #humanresources #compensation #totalrewards
Events Archive
payscale.com
-
📅 Just one week away! 📅 Join us for a crucial discussion on Decoding the Compensation Paradox at our Breakfast Meeting. Learn from Ashley Nelson’s extensive experience to enhance your compensation frameworks. 🔸 Network with industry peers. 🔸 Gain actionable insights. 🔸 Develop strategic compensation practices. 🔗 Register here to be part of this transformative event: https://ow.ly/bBba50RmlCT #SHRMSTL #HRLeaders #CompensationManagement
-
Project Manager
1moThanks for this post, Lindsey