Ask the Expert, with Steve Kraatz

Perhaps the most important aspect of any compensation process is data accuracy and transparency. Data transfers to/from disparate systems is inherently risky, and an IT auditor’s nightmare. Any type of data exchange between systems needs to have some measure of control to ensure the source data matches the target data. If your organization can not verify the numbers being used for calculations, then you will lose trust in the process itself. To ensure accuracy, you will need a comprehensive audit trail that allows you to validate what changed, who made the change, and why it was changed. This information will be needed both during the process and months/years down the line to meet the compliance and legal obligations (HIPAA, PCI) that your organization may incur.

Subscribe for the latest updates

The latest compensation news, trends, whitepapers, and insights.

Share

Recent Articles

Compensation Best Practices

Buy or Build with AI

This guide covers what AI actually accelerates, and where an AI-assisted build still leaves your organization acting as a software vendor. It also shows how a configurable, purpose-built platform handles firm-specific complexity without piling up technical debt. It closes with six questions to pressure-test any buy-or-build decision before you commit budget and people to it.

— Continue Reading
Compensation Best Practices

Continuous Compensation

Most compensation teams still run their most important decisions through a once-a-year process, even though the conditions those decisions depend on never stop moving. Hiring, market shifts, retention risk, and internal equity gaps show up on their own schedule, not on the calendar your annual cycle was built around.

— Continue Reading