Use This Compensation Tool To Set Pay For Your Remote Workforce

A huge challenge for employers like you in adjusting to the pandemic is how to accurately compensate staff working in remote teams. Percival has the answer with its online team survey system.

Percival gathers staff input about the contributions of colleagues, then uses the team members’ appraisals to inform your management decisions on compensation.

Get the essential information at https://www.percival.live

The Percival compensation tool supports employers like you as they adjust personnel management to fit remote work trends. Staff are working more collaboratively, often remotely and in an agile framework allowing constant interaction.

More than one-quarter of Americans are expected to work remotely, according to Upwork. Changing their compensation systems to respond to remote work is among the most important issues for employers.

Percival allows management to design when and how its tool is used and who will access results. The system surveys teams efficiently, in about 15 minutes, using an intuitive interface.

Input can be weighted for each team member so that their appraisals are apportioned appropriately to contribute to your dataset. Some team members will have a greater say in results.

In addition to fairness, equitable pay is vital to staff motivation and retention at a time when recruiting and retaining talent is becoming more difficult for employers in many sectors.

The Percival system is designed around regularly scheduled appraisals that produce quantitative results from surveys of each team member who appraises their colleagues. The system applies proprietary algorithms to distribute pay recommendations based on each team member’s input.

Accurate results reflect what percentage of the team compensation budget each team member should receive in the opinion of co-workers who know best because they work together closely and collaboratively.

Percival helps management make informed compensation decisions by providing 360-degree evaluative insight into team members’ performance and contribution. Best practices are to run the survey when compensation systems or your team members change and at the end of the project. Typically, Percival is run two to four times per year.

“We make some of our most important decisions with the help of Percival including how we distribute ownership of the company itself,” said a customer in an online review.

For further details, go to https://www.percival.live where you can see how it works and how employers are transforming their compensation systems to meet today’s demands.

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Created on Nov 5th 2021 06:42. Viewed 180 times.

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