If your compensation strategy doesn’t reward productivity and quality results, chances are you’re wasting money rewarding qualities that don’t improve your bottom line. Pay for performance helps employees understand what’s being asked of them, which increases engagement and boosts productivity.
Key takeaways:
Paycom provides transformative HR and payroll software for the entire employee life cycle. A single, easy-to-use software empowers employees to access, manage and update their own HR data — from benefits and PTO to direct deposit and everything in between — all under the same digital roof. The transfer of responsibility from HR to employee increases accuracy, security and compliance; improves the overall employee experience, thus boosting retention levels; and frees HR to focus on driving greater business value.