Compensation and the processes and systems to support it are at the center of success in every organization, as I have noted recently.In our view, an investment in total compensation management software is a strategic step toward advancing human capital management. Our benchmark research on this topic found some progress in attitudes about modernizing compensation practices. Almost three-fourths (72%) of organizations said that it is important or very important to have a total compensation...
Read More
Topics:
Human Capital Management,
Office of Finance,
Learning Management,
HRMS,
Workforce Management,
Work and Resource Management,
ERP and Continuous Accounting,
Payroll Optimization
Our firm regularly explores the impacts of new technologies on business. Analytics is foremost among recently emerging technologies, which our benchmark research consistently confirms. In our research on next-generation sales analytics, fourth-fifths (82%) of participating organizations cited analytics as the most important technology trend for sales; however, several other technologies also are adding power and flexibility to the use of sales analytics.
Read More
Topics:
Big Data,
Sales,
Mobile Technology,
Office of Finance,
Analytics,
Cloud Computing,
Collaboration,
Product Information Management,
Sales Performance Management,
Digital Commerce,
Machine Learning and Cognitive Computing,
Sales Enablement and Execution,
Machine Learning Digital Technology,
Sales Planning and Analytics
The importance of analytics for sales organizations is clear and, as I pointed out in my recent analyst perspective on the next generation of sales analytics, these capabilities optimize revenue potential. However, utilizing sales analytics requires a set of data skills that most organizations still find challenging and are thus not fully prepared to support. The efficient access and preparation of data underlies any analytics processes, which must meet demanding needs that are not always...
Read More
Topics:
Big Data,
Sales,
Machine Learning,
Office of Finance,
Analytics,
Cloud Computing,
Collaboration,
Product Information Management,
Sales Performance Management,
Digital Technology,
Digital Commerce,
Sales and Operations Planning,
Machine Learning and Cognitive Computing,
Sales Enablement and Execution,
Sales Planning and Analytics
Compensation management is essential for any organization that values engaging and retaining its employees. It is a fundamental component of a range of personnel-related activities – recruiting and hiring, assessing performance, and career and succession planning. Determining and providing appropriate compensation, which may involve base pay, merit pay, variable pay and incentives or bonuses, is equally important for all members of the workforce – full- or part-time employees, contingent or...
Read More
Topics:
Human Capital Management,
Office of Finance,
Learning Management,
HRMS,
Workforce Management,
Work and Resource Management,
ERP and Continuous Accounting,
Payroll Optimization