Category January 2021
There are 3 areas that I want cover in this month’s update: New features planned for public preview in Dec 2020 Features moved from public preview to general availability in Nov/Dec 2020 Overall roadmap updates Curious to know more, read… Continue Reading →
The start of the new year has been a mixed bag overall with Netherlands (and other parts of the world) in a lockdown situation😞 with the wave 2 of COVI 19. But there has been some great community events planned… Continue Reading →
🔗Compensation payrate conversion – Add Daily period type Let’s say you are a Compensation and Benefits administrator of a IT company that primarily hires external contractors to work on internal IT projects. Although they are part of your core team… Continue Reading →
There can be scenarios where a company’s compensation structure changes based on a particular city where employees are located, or based on a department or based on the type of job that employees perform in the company. It can be… Continue Reading →
One of the key requirements from our Compensation and Benefits admin was to keep track of why a certain compensation was assigned to the employee or why a certain compensation was changed. In general this is achieved using Action reason… Continue Reading →
What is a compensation grid and compensation plan? Lets consider a grade ladder in which an employee joins the company at a certain level and progresses within the company within a grade from minimum to maximum and from one grade… Continue Reading →
Lets say Harry is an employee hired with a salary of 2000 euros per month in The Netherlands. From a HR perspective monthly salary may be used for the employment contract and payroll but the annual salary may be used… Continue Reading →
Global Job and Compensation surveys are carried out by consultancy firms across the world and publish reports defining the standardized Industry Jobs and aligned with local country based compensation matrix. These surveys consider parameters such as living expenses in a… Continue Reading →
Let’s consider Hogwarts retail store in the Netherlands: Ronald work as “Front line cashier” and reports to Hermoine (Job level NL_01) Hermione is a “Cash supervisor” and reports to Steve (Job level NL_02) Steve is a “Assistant store manager” and… Continue Reading →
What is Compensation survey data? As every organization grows one of the goals will be to standardize compensation and benefits based on the market conditions to remain competitive in the market and also to make sure the employee compensation is… Continue Reading →