Performance-based Pay for Auto Workers?

Posted on April 8, 2011 by Shahbaz

Most Americans have worked in performance-based environments for years. Now, the automobile industry may be moving in the same direction. Read KnowledgePay CEO Chris Kelley’s analysis and suggestions for making this“massive cultural transformation” work in a timely article from HREonline. [learn more]

Pay Transparency — A Growing Trend

Posted on June 16, 2010 by Shahbaz

Opening the books on compensation approaches, processes and sometimes even actual figures makes increasing sense to companies. Learn more in this HREonline article featuring opinion and analysis from KnowledgePay founder Chris Kelley. [learn more]

New KnowledgePay Video Series Help Compensation Professionals Become Strategic Partners In Their Companies

Posted on August 19, 2009 by Shahbaz

Series examines organizational issues, pain points that compensation professionals encounter

Sycamore, IL (PRWEB) August 19, 2009 — Compensation specialists and HR management who are increasingly expected to be strategic partners to their organizations can find help in a new video series from KnowledgePay.

In an ongoing series at www.knowledgepay.com/solutions.php, KnowledgePay Chief Executive Officer Chris Kelley examines varying organizational issues and pain points compensation professionals often encounter.

One scenario depicts the problems presented by special compensation actions (project bonuses, retention agreements and sign-on bonuses). With recent tax law changes, the IRS can demand taxes from the organization if it cannot document the ” qualifying event” for the future payments.

“When an organization has no centralized repository of compensation information, line managers and HR managers are left to plan how to keep track of the projects or other qualifying events for the compensation,” said Kelley. “This is a huge problem if tracking is done after project completion, for example, yet the IRS is demanding tax payments now.”

Using KnowledgePay compensation software system, the company has a full view of the individuals involved, with links to the special compensation promised. Via a mouse click, they can also see project status and the bonus details within a signed PDF file. The system generates reports for all pending organizational compensation actions, sends out notifications, and simplifies analysis of individuals’ current qualifications to receive the compensation. Previously, the company had no way to generate such information, especially by a mouse click.

In another video episode, Kelley describes a company experiencing a 20 percent turnover in their IT organization. The HR manager looked at exit interviews and discovered people were leaving primarily because of lack of career opportunities–not pay.

KnowledgePay reports enabled the HR manager to analyze jobs, pay ranges and whether the jobs were filled internally or externally. Creating a new middle-level position and eliminating a senior position provided entry-level programmers a career path and also improved employee retention. Using KnowledgePay enabled the company to achieve over a 300 percent return on investment.

A third episode examines the ways an organization managed the risk and increased the efficiency of compliance with the Fair Labor Standards Act (FLSA). The compensation intelligence provided by KnowledgePay software contributes to the company’s bottom line and advances compensation professional’s reputation as a strategic partner.

The regularly updated video series is available at www.knowledgepay.com/solutions.php; no registration required.

About KnowledgePay
KnowledgePay delivers enterprise HR software with a relentless focus on compensation intelligence. KnowledgePay’s innovative on-demand technologies help organizations and their people succeed by maximizing engagement, alignment, passion and productivity. KnowledgePay solutions integrate all sources of job and compensation data with groundbreaking analytic tools to drive HR productivity and business results.

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Contact: Gail DeLano
Fisher Vista/HRmarketer
(831) 685-9700
gdelano(at)fishervista.com

KnowledgePay, WageWatch Partner to Offer Complementary Compensation Management and Salary Solutions

Posted on July 14, 2009 by Shahbaz

Firms’ compensation software, salary surveys help organizations establish a more strategic approach to setting and managing compensation

Sycamore, IL (PRWEB) July 14, 2009 — Enterprise compensation software company KnowledgePay has entered into a strategic marketing agreement with WageWatch, Inc., a provider of online compensation and benefits surveys.

The companies will promote to their customers the complimentary offerings from both firms: WageWatch endorsing KnowledgePay’s enterprise compensation management software, and KnowledgePay recommending WageWatch’s online salary surveys.

KnowledgePay helps organizations manage, analyze and integrate their collection of market data from reliable sources with myriad other data needed to make effective pay decisions. WageWatch online salary surveys provides employers a much easier way to note trends within compensation, and give their employees substantiated market pricing data that realistically compares to their salaries. WageWatch is a leader in the hospitality, healthcare and gaming markets and is undergoing an expansion to multi-industry surveys.

“KnowledgePay provides a unique service in the compensation arena, a way for organizations to integrate disparate compensation data and streamline their entire process,” said Margaret Dyekman, WageWatch president and chief operating officer. “Our online salary survey technology captures complex compensation data and reports it back in an easy-to-understand manner so customers establish and maintain up-to-date, competitive compensation structures.”

“Working with WageWatch lets us refer our customers to a trusted source for reliable, high quality survey data,” said Chris Kelley, founder and chief executive officer of KnowledgePay. “Healthcare, hospitality, and gaming are all industries with very competitive wage and salary data, and we welcome WageWatch’s insight and recommendations to customers in need of strategic compensation management.”

The KnowledgePay online enterprise compensation management system enables companies to integrate salary information, salary surveys, and compensation data scattered in spreadsheets, word-processing documents, ad hoc databases, and even on paper. Compensation professionals can focus on providing guidance on compensation instead of being buried in administration.

KnowledgePay also enables HR to provide more compensation data to line managers to motivate their staff. Studies indicate the more employees understand the foundation of their company’s compensation plan, where they fit within it and how it compares to the market, the more committed and engaged they will be in their present positions.

About KnowledgePay
KnowledgePay delivers enterprise HR software with a relentless focus on compensation intelligence. KnowledgePay’s innovative on-demand technologies help organizations and their people succeed by maximizing engagement, alignment, passion and productivity. KnowledgePay solutions integrate all sources of job and compensation data with groundbreaking analytic tools to drive HR productivity and business results.

About WageWatch
WageWatch Inc. (www.wagewatch.com), the leading Web-based source for industry compensation and benefits data, provides instantly accessible wage, salary and benefits data, delivered to any Internet-enabled device. WageWatch surveys the hotel, timeshare, healthcare, spa, gaming, and call center industries and provides companies with the data they need to make their compensation and benefits decisions

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Contact: Gail DeLano
Fisher Vista/HRmarketer
(831) 685-9700
gdelano(at)fishervista.com

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