Navigating Incentive Plan Pay-outs Amidst Layoffs
As the world economy continues to struggle, some of tech’s most influential names, like Google, Microsoft and Amazon, have opted for drastic measures – laying off employees in an effort to cushion their financial losses. Layoffs represent an unfortunate reality of the business world, with many companies forced to downsize and make drastic decisions concerning…
ShareForce’s Compliance with SOC 2
We take data security seriously at ShareForce. As a trusted Software as a Service (SaaS) provider for incentive plan management, we continuously aim to meet and exceed industry standards and client expectations for security controls. And today, we’re excited to announce that ShareForce is now compliant with the SOC 2 Type II standard for security,…
Equity & Employee Engagement: Why Your Employees Need Their Own Portal
Ultimately employees who feel valued are more motivated. So, it’s no surprise that the power of employee ownership is key to attracting and retaining the right staff and driving engagement! Giving your staff the opportunity to participate in your company through employee share incentive plans is a great way to show them they’re appreciated and…
Exploring Employees’ Digital Footprint and What Role the Metaverse Will Play in SaaS Platforms
Fostering your employees’ digital footprint has never been easier. Constantly being surrounded by technology has significantly influenced how we as a society operate. Businesses, particularly Software as a Service (“SaaS”) businesses, act as essential machines in leading digital solutions. The drivers of these machines, however, are the employees. If the pandemic taught us anything, it’s…
Technology’s Role In Making Working Lives More Productive And Fulfilling
“Technology brings opportunities for efficiencies and cost management, but it also brings the opportunity to make working lives more productive and fulfilling”. Carol Stubbings The world has fundamentally changed over the past 18 months due to some of the challenges highlighted by the pandemic. The global lockdown has had an enormous impact on mental well-being…
THE IMPORTANCE OF STRATEGIC OR NON-FINANCIAL PERFORMANCE CRITERIA IN VARIABLE REMUNERATION
Traditionally companies have been focused on achieving their financial targets but have, to some extent, ignored the importance of their longer-term, non-financial and strategic goals. This focus has influenced how staff have been rewarded, in that the performance conditions attached to incentive plans have been largely financial. Today’s corporate culture is far more socially aware,…
Technology’s role in automating the accounting of share-based payments
Share Incentive plans can be powerful tools for companies to align the interests of their employees with the interests of their shareholders. There is, however, a significant amount of administrative work that goes into setting up and running these plans, as well as strict financial reporting requirements that are regulated by International Financial Reporting Standards…
The importance of cloud-based software in automating the management of share plans
Cloud-based software plays a vital role in every sector of today’s economy. From payments to construction to hospitality, cloud-based software enables businesses to get to market fast and cater to evolving client requirements with ease. It allows companies to scale their operations and provides a highly available, cost-effective, cross-platform user experience. Share plan administration platforms…
Why Share Plans need to be simplified
“Work smarter not harder” Allen F. Morgenstern What is the purpose of Share Plans? Share plans drive employee performance and keep employee and business goals aligned. They allow businesses to retain and reward valuable employees, but sometimes they can be overwhelmingly complicated. Even the term”share plan” sounds complex, let alone the application or management of share plans, but it doesn’t have to be. Why do Share…
Choosing the right technology to facilitate productivity in the workforce
From an IT perspective, 2020 showed us that cloud-based solutions make every day a miracle in that millions of people can interact and communicate across cubicles and countries at equal speed. Widespread remote working proves to businesses that they need flexible systems that can constantly scale to meet their needs, regardless of how the world,…
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