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Software Functionality Revealed in Detail
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 employee retention incentive

Software Functionality Revealed in Detail

We’ve opened the hood on every major category of enterprise software. Learn about thousands of features and functions, and how enterprise software really works.

Get free sample report
Compare Software Solutions

Visit the TEC store to compare leading software by functionality, so that you can make accurate and informed software purchasing decisions.

Compare Now

Incentive and Compensation Management

Enterprise incentive management (EIM) and employee compensation management sit between HR, CRM, Accounting, and sales force automation. These applications help sales executives gain perspective on sales performance, business operations, and manage compensation programs. EIM solutions are used to improve sales strategies. 

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Documents related to » employee retention incentive

10 Keys to Selecting the Right Employee Compensation Software


To get around the limitations of their existing payroll systems, many companies are still using spreadsheets and homegrown applications for compensation management. Human resources (HR) system providers have responded by offering compensation administration functionality as part of their integrated HR solutions. Discover 10 critical things to look for when considering a compensation administration tool for your company.

employee retention incentive  the tedious tasks of employee management to the lowest possible level. But what manager doesn''t dread the performance review/compensation cycle? Has it really gotten easier since the flurry of paper went online? Certainly in some ways, the answer is yes. But with new capabilities to hone in (like a laserbeam) on the correlations between pay, performance, market data, equitable distributions and the like comes another problem: complexity. Complex calculations based on a host of factors, such as company, Read More

Winning the Race for Talent in Emerging Markets


Economic activity in emerging markets is growing at around 40 percent—as compared with 2 to 5 percent in the West and Japan. Businesses all over the globe are competing for people who have numerous options and high expectations. How can your company attract and retain talent in emerging markets in Brazil, Russia, India, and China—offering new employees what they want, while ensuring your bottom line is met? Find out.

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Sizing the Enterprise Incentive Management Opportunity-And the Challenges Ahead


Pure-play enterprise incentive management (EIM) vendors who have focused on providing the capability to manage highly complex compensation systems will be well positioned to take advantage of the major growth projected in the EIM market.

employee retention incentive  with increasing rates of employee turnover—as high as 87 percent in some segments. At the same time, increased pressure to comply with labor regulations is complicating store operations for many retailers. Retailers'' common business challenges are to align store operations to achieve bottom-line results and improve store productivity, while concurrently focusing on customer experience and increasing transaction amounts. To that end, a retail-oriented EIM package has to help retail executives analyze Read More

Talent Management 101: Moving beyond Core HR


From the 1950s to the 1980s, when companies wanted to hire, they simply posted handmade signs on their storefronts, restaurants, or office buildings and waited for people to flock in with their resumes. An interview was often as simple as asking whether interviewees could do a specific task. If the answer was "yes," they were hired—and sometimes started working right on the spot. And that was just

employee retention incentive  successful—and have them stay. Employee turnover, loyalty, and retention became something to think about! It was no longer enough to bring employees on board and simply let them work. It was now necessary to manage them properly, track performance, compensate them for their performance, help them set career goals, provide them with training, and so on. Today, as new trends emerge and HR challenges increase, the factors most likely to cause a radical restructuring of the workplace include an aging Read More

Thou Shalt Motivate and Reward Workforce Better


The potential of enterprise incentive management systems should not be ignored, since this software category promises a fairly rapid and tangible return on investment, outlines expensive over- and under-payment errors, and reduces administration overhead.

employee retention incentive  (among other things) effective employee acquisition and retention techniques, incentive and compensation management, performance monitoring, resource management, and training. The most progressive companies have thus been using best-of-breed HR and HCM technologies (although these can be part of a broader packaged enterprise application suite) for attracting, hiring, training, motivating, and managing their people. Software applications are getting more and more sophisticated to help companies with these Read More

Midwest Healthcare Provider Achieves Efficiency Boost and Cost Reduction


To better manage its rapidly growing and diverse employee base, Medica required an advanced performance management process that would link employee goals to the organization and corporate mission. Medica selected SumTotal’s integrated talent management platform to automate its performance management and goal setting processes. Find out how Medica realized a significant boost in efficiencies after just one review cycle.

employee retention incentive  rapidly growing and diverse employee base, Medica required an advanced performance management process that would link employee goals to the organization and corporate mission. Medica selected SumTotal’s integrated talent management platform to automate its performance management and goal setting processes. Find out how Medica realized a significant boost in efficiencies after just one review cycle. Read More

What Makes Incentives and Compensation So Tricky?


Managing incentive compensation presents challenges to almost every large and midsized company, due to the complex nature of the calculations. But along with the ability to perform these calculations, an effective compensation management solution must also provide visibility and transparency.

employee retention incentive  in order for an employee to earn an incentive payment). Other methods include sales promotion incentive funds (SPIFs), which is a loose term referring to an on-the-fly addition to the compensation plan used to motivate the sales force in a particular way by providing additional sales credit or payment for certain types of sales. Also standard are overrides (manual replacements of a value that the system has calculated with another value—for instance, when a person from the bench, for whatever reason, Read More

Employee Performance Management


HR professionals and line managers have the same goal: to create conditions so people can demonstrate exceptional performance. The importance of this mission is not always well communicated nor supported by collaborative tools that help managers intervene. Yet this goal is so important that it has to be formalized in a partnership with a unique communication strategy and a collaborative platform. This white paper analyzes the fundamental initiatives needed to pragmatically and effectively face the performance challenge.

employee retention incentive  Performance Management HR professionals and line managers have the same goal: to create conditions so people can demonstrate exceptional performance. The importance of this mission is not always well communicated nor supported by collaborative tools that help managers intervene. Yet this goal is so important that it has to be formalized in a partnership with a unique communication strategy and a collaborative platform. This white paper analyzes the fundamental initiatives needed to pragmatically Read More

Conference Note: 2014 HR Technology Conference Takes On HCM Big Data


This year’s HR Technology Conference was all about leveraging big data for improving HR practices, such as talent acquisition and employee retention. TEC HCM analyst Raluca Druta was there to capture all the details. Read her take on the conference’s major sessions—the welcome and opening keynotes, the ADP Workforce Vitality Report, the Sierra-Cedar 17th Annual Survey, the vendor presentations, and more.

employee retention incentive  for talent acquisition and employee retention. Let’s take a look at the key sessions and their take-home messages.   Keynotes Heavy On Topics about Data  The welcome keynote —Becoming Decoded: Unlocking the Potential of Your People as Never Before, given by Rahaf Harfoush, the author of the New York Times best-seller The Decoded Company —discussed the impact of new trends in consumer technologies (mobility, Web 2.0, personalized ads, etc.) on how companies manage their people. The decoded company Read More

The New Era of Incentive Compensation Management


Good news: the budget and authority to buy strategic technologies—like incentive compensation management (ICM)—that drive your success are being put in your hands.

Bad news: because of more sophisticated ICM requirements and other business realities, ICM solutions are becoming more complex to purchase.

Read this new paper and learn why more organizations are responding to this dilemma by choosing cloud-based ICM. You’ll discover:

  • Six issues causing organizations to reconsider their use of variable comp management programs
  • Why cloud computing (and software-as-a-service) is on the rise
  • Eight reasons why ICM is well-suited to cloud-based deployment
  • What to look for in the right ICM solution and the right SaaS partner


employee retention incentive  ibm, what is ibm, IBM Business Analytics, incentive compensation management, ICM software, HCM, cloud-based ICM, cloud-based incentive compensation management, performance management Read More

Employee Training in a Recession


Organizations reassessing their staffing levels are both reducing headcount and cutting employee-related expenses, even if training can provide long-term benefits. This article discusses the increased importance, benefits, and risks of employee training in a recession with respect to enterprise systems.

employee retention incentive  and risks related to employee training in a recession with respect to enterprise systems. Growing Organization Risks While understandable and often imperative for the continued survival of an organization, the aforementioned cutbacks promote a vicious cycle of increased organizational risk: Organizations reduce or eliminate formal training and informal opportunities for users to learn how to better utilize enterprise systems. This solidifies many users'' bad habits and suboptimal processing methods. At Read More

On Demand Delivery Compels a Compensation Management Vendor


The on demand paradigm and enterprise incentive management market seem to have established a viable cross-section to the extent that, going forward, some players feel comfortable enough to opt solely for the software-as-a-service, subscription-based delivery model.

employee retention incentive  to motivate and align employees, partners, and channels with corporate goals, thereby driving increased performance, revenue, and profitability. For the past decade, automation of ICM has been, and continues to be, the vendor''s core competency. This vision, combined with the vendor''s attention to meeting market requirements, has resulted in the success Centive enjoys today in terms of industry magazines'' awards and accolades, customer satisfaction, and financial stability. To that end, in 2001, Incentive Read More

Beyond Engagement: The Definitive Guide to Employee Surveys and Organizational Performance


Employee engagement surveys have grown in acceptance in the last 10 years because organizations believe they can leverage employee engagement for higher employee retention, greater customer satisfaction, and improved financial performance.

It’s estimated that three of every four large firms in the United States survey their employees. Worldwide research by IBM reveals that surveys are more common in large organizations: 72 percent of organizations with more than 10,000 employees regularly conduct surveys, compared to only 50 percent of small organizations (those with between 100 and 249 employees). This same research reveals that over the last 15 years in the United States among organizations with at least 100 employees, the percent conducting employee surveys has increased from 50 percent to 60 percent.

Read this white paper to learn about survey implementation and the correlations between employee engagement and business performance.

employee retention incentive  The Definitive Guide to Employee Surveys and Organizational Performance Employee engagement surveys have grown in acceptance in the last 10 years because organizations believe they can leverage employee engagement for higher employee retention, greater customer satisfaction, and improved financial performance. It’s estimated that three of every four large firms in the United States survey their employees. Worldwide research by IBM reveals that surveys are more common in large organizations: 72 percent Read More

New Employee Acculturation: Measure, Engage, and Immerse


Traditional approaches to employee onboarding are often more simplistic than they are successful. Transactional onboarding automates the onboarding process to transition new employees into their new roles, while acculturation onboarding, also known as socialization, quickens the new employee to effectiveness. Learn more about the two onboarding methods, and compare how they can bring you a return on investment (ROI).

employee retention incentive  Employee Acculturation: Measure, Engage, and Immerse Traditional approaches to employee onboarding are often more simplistic than they are successful. Transactional onboarding automates the onboarding process to transition new employees into their new roles, while acculturation onboarding, also known as socialization, quickens the new employee to effectiveness. Learn more about the two onboarding methods, and compare how they can bring you a return on investment (ROI). Read More