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The Compensation Handbook, Sixth Edition: A State-of-the-Art Guide to Compensation Strategy and Design, 6th Edition by Dorothy Berger, Lance Berger

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51

Exploring New Technologies that Enhance Compensation Programs

MYKKAH HERNER

Manager of Professional Services, PayScale, Inc.

In a rapidly changing global economy, some compensation practices are dated. New technologies provide compensation data that are broad, deep, and real time. With such information at our fingertips, we are able to shift our focus as compensation professionals from crunching numbers and building pivot tables to creating new ways for compensation to support our organizations’ business objectives. This chapter first explores new technologies and methods enabling more nimble compensation execution. These include the emerging availability of big data insights for compensation benchmarking and analysis and the crowdsourcing ...

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