Dan Walter, Managing Consultant at FutureSense and DecusSoft CEO, Bob Laurenzo talk about the net effect and non-effects of COVID on compensation, 2021 planning and adapting to change going forward.
Key Topics:
How much really changed in Comp as a result of COVID
How do you stay competitive and communicate with employees
Where are the opportunities going forward
The latest compensation news, trends, whitepapers, and insights.
Most companies still run performance management the way they did twenty years ago. Managers write annual reviews, ratings go into
Performance and compensation are managed as two separate systems, run by two different teams, on two different calendars. Employees don’t see any of that. They see one question: did my work change my pay? When the answer is unclear, the entire performance cycle starts to look like ceremony, and the merit budget behind it gets spread further from where it was actually meant to go.
No exports. No manual imports. No reconciliation. When performance and compensation share a platform, ratings reach your pay decisions the moment reviews are submitted.
