is an internet based strategic compensation tool designed to distribute scarce compensation budget to employees based on their performance. Other criteria such as team performance, scarce skills, etc. can be included in the calculation and award of bonuses and salary increases.
ensures that top performers are rewarded and a clear message is conveyed to under-performers to change their behaviour.
Business Challenge
Research indicates that Pay-for-Performance has become the leading tool for executives to achieve business results. Instilling a Pay-for-Performance culture is however not an easy task.
The enormous risks that traditional spreadsheet-based calculations pose to formal business cannot be underestimated.
Value Proposition
helps you to design a Pay-for-Performance strategy and policy that provides scenarios to test the impact of the chosen strategy on the business. The most appropriate scenario can be selected to help the organisation to retain its top talent and increase workforce engagement.
provides clear visibility into individual employee performance, current remuneration benchmarked within chosen industries, and facilitates critical compensation planning decisions.
optimises the objective distribution of the compensation budget and mitigates the business risks associated with the use of spreadsheets.
Application Features
has been developed locally as a hosted solution and is available with various deployment options. The application has the following features:
- Technical:
- Internet based (as hosted solution)
- Developed in .NET 2.0
- Microsoft SQL 2005 database
- Import capabilities from MS Excel / Text files
- Export capabilities to MS Excel / Text files
- Graphic displays in .NET graphs
- Workflow driven interface
Functional:
- Distributes short term incentives or salary increase budget amongst employees based on company specific criteria such as individual performance, team performance, scarcity and an infinite number of other criteria.
- Industry and market surveys serve as benchmarks against which salaries are measured.
- Allows an organisation to optimise its investment in performing labour and avoid investing in under-performing labour.
- Has the ability to view data across many different cross-sections of the company (i.e. race, gender, departments, performance categories, etc.) to ensure equity and integrity of the applied remuneration strategy.
- Provides quick results on “what-if” scenarios.
- Allows for collective bargaining increases as well as other socially related adjustments.
- Allows for payroll integration.
Visual:
- The system contains numerous standard reports and graphs. Data filters allow for easy departmental or category reporting.
The following collage of screen dumps depicts the highly graphical and friendly user-interface of the system:
