Many employers spend more time and effort managing their $100 petty cash drawer than they do planning, strategizing, and managing a multimillion dollar compensation budget.
This was one of many surprising findings in our latest research effort, digging into the world of compensation technology and the buyer’s mindset, but it certainly wasn’t the only one. The resulting report provides an in-depth analysis of what buyers find most important, what data sources they are using, and what strengths each provider has in the market.
This research effort has been nearly a year in the making, including survey data from over 550 employers, research interviews with more than half a dozen technology and data providers, and executive interviews with business leaders to understand their needs and challenges around compensation. It is the most comprehensive look at the compensation technology market ever undertaken, and the insights gathered are going to support employers as they consider how to leverage compensation as a tool to attract and retain the right talent.
Why Compensation and Why Now?
Of all the areas we look at in our ongoing market research, why is compensation worth this deep analysis?
For starters, one of the key trends our team is
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