How do compensation and payroll link to each other and benefits from a conceptual standpoint? And, how might technology enhance this relationship?

| June 19, 2015

 

For many employees, their sole reason for accepting a job at a particular company has to do with the organizations compensation package. That compensation package covers everything from paid time off, holidays, workers’ compensation, insurance, retirement, tax payment, etc. It’s never solely about the paycheck. Allowing employees to view employer contribution information, providing employees access to this type of compensation information is important because it only serves to help employees see the value of their total paycheck. Allowing them to make changes when needed and within plan guidelines helps employees to feel more empowered. How do compensation and payroll link to each other and benefits from a conceptual standpoint? And, how might technology enhance this relationship?
Q2:If using a HRIS that includes time-keeping, how would that affect your decision to handle payroll in-house or outsource it? Share your thoughts……..
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