Leading Compensation Technology. World-class reward expertise.

Transcription

1 Leading Compensation Technology World-class reward expertise

2 Introduction to Compensation Management Compensation management is about ensuring that your pay and reward is administered, delivered and controlled effectively. Organisations need to underpin their pay and reward practices with robust policies that are fair and equitable and then ensure that they have the processes in place to deliver these. NGA Human Resources Compensate suite comprises functionality to enable compensation practitioners to evaluate, analyse, model and deliver comprehensive reward solutions. Our global reward technology is Cloud accessible, user intuitive and adaptable to all HRIS core systems. Do you have roles in a structure, and an automated job evaluation system? How do you ensure your pay practices are fair and equitable across jobs? How do you allocate salary increase and bonus budgets across your organisation? Do you find the administration of LTIs, STIs and deferral of bonuses complex? How easily do you convert cash and non-cash bonus payments in your current system? Are you confident that your pay practices are competitive? Do you reward your workforce based on performance? 2 Compensate Addressing Your Compensation Challenges

3 Trust in Innovative Technology A comprehensive suite Across our compensation solutions you have access to all the tools you need to support decision making on compensation strategies and structures. These tools are all simple to use, confi gurable to your unique situation and fl exible enough to support you as your compensation policies develop in line with organisational change. The Compensate Suite incorporates job evaluation, salary benchmarking and salary planning functionality. The software is specifi cally designed to give compensation and reward managers a complete set of tools, enabling them to manage pay and compensation more effectively and effi ciently. Compensate shortens and simplifi es your end-to-end compensation requirements through the effective use of technology. Optimising your assets Compensate will help you to: automate old and ineffi cient manual processes, help managers make the right decision with accurate and timely information reduce security risks around the issuing of sensitive employee data around your organisation ensure fairness in your grading structures via job leveling and job description production From salary and bonus reviews, managing and rewarding your talent, aligning pay strategies with market data, job leveling and compliance matters, Compensate helps to simplify the science behind your compensation practices. Compensate supports multiple languages and currencies, ensuring effortless global roll out. Compensate Suite Salary Reviews & Bonus Planning Salary Benchmarking Job Evaluations & Descriptions HRIS Compensate integrates with any HRIS Addressing Your Compensation Challenges Compensate 3

4 Compensate Salary Reviews & Bonus Planning Managing, budgeting and analysing the annual pay review process with ease. Compensate Salary Review & Bonus Planning enables you to effectively cost and analyse salary plans across an entire organisation, regardless of how many countries or currencies you operate in. The pay review process is devolved down to managers, which helps them make informed decisions, ensures accuracy and reduces the time it takes HR to complete and communicate the pay review process. Policies on pay are clearly communicated in a consistent way to each manager in the organisation as pay award proposals. The Compensate Salary Review & Bonus Planning tool shortens and simplifies the salary review process in line with your organisational strategy while improving efficiency, reducing risk for errors and ensuring compliance. The system is extremely easy to confi gure to your specifi c requirements. Define the corporate pay policy and guidance in the software Apply the corporate pay policy into divisional, departmental and individual pay decisions Allocate pay based on performance and a variety of criteria across the organisation Create multiple budget plans in line with structure or organisational unit Handles LTIs, STIs deferred bonus and bonus pools with ease 4 Compensate Addressing Your Compensation Challenges

5 Compensate Salary Benchmarking Balancing pay against the external market is an essential component of attracting and retaining the best people. Comparing salaries against the market ensures your organisation remains competitive and helps you to identify trends. Paying employees the right rate for their job ensures your budget is spent more efficiently and that your most talented people are not leaving simply because they can get better rewards elsewhere. Compensate Salary Benchmarking gives you the ability to compare and review salary and payment information from external sources without excessive time spent collating information. The software streamlines the process and releases valuable resources for more important strategic decision-making. You can quickly analyse market data and report the results in a variety of ways, including graphical representations of the competitive positioning of your organisation. The close integration with Compensate Job Evaluation means that in one system you can assess the internal and external value of each role. The Compensate Salary Benchmarking tool enables you to compare and review pay metrics from external sources as well as automating the data exchange process in order to ensure your organisation remains competitive, while retaining and attracting the best available talent. Compare and review the salaries of your employees with market data Connect with external data sources Benchmark employee salaries with your organisational requirements Handles compa ratio calculations with ease Addressing Your Compensation Challenges Compensate 5

6 Compensate Job Evaluation & Job Descriptions A job evaluation tool to generate valuable information for pay and grading structures. Our job evaluation solution is used by thousands of clients around the world to identify and measure the relative value of roles within an organisation. Compensate Job Evaluation & Description gives you the ability to compare and defi ne roles, providing a fi rm basis for establishing and maintaining a reward structure that brings excellent consistency, clarity and transparency to pay and grading decisions. Whether you have an existing job evaluation methodology in place or need to work with our experienced compensation consultants to create a new one, Compensate Job Evaluation reduces the administration typical of so many other systems. With our unique matrix technology to streamline the evaluation process, the focus of your project is on the job not the challenges of the task ahead. Compensate Job Description & Evaluation is a software tool for managers and HR to create and compare roles in an organisation and generate valuable information for pay and grading structures. Enable managers to automate the creation of new job descriptions Seamless validation workflow keeps HR in control Assign a score to jobs to reflect the demand of the roles Visual representation of pay and grading structure Clear identification of jobs in each job family Simple allocation and matching of jobs 6 Compensate Addressing Your Compensation Challenges

7 Feedback from managers across the business has been very positive, with the solution s usability especially praised. This has been the smoothest pay review we ve ever done we are delighted with the solution and will de nitely be using it again for future salary reviews. John Machin Head of Compensation & Benefi ts Deployment & Integration Compensate can be deployed via the cloud using NGA s BS27001 infrastructure to minimise your capital expenditure. Alternatively, it can be hosted within your own infrastructure to comply with your organisational security and IT policies. Compensate integrates seamlessly with HRIS, ERP, talent and payroll systems using either the inbuilt web service application programming interface (API) or with import and export wizards to transfer data manually. Addressing Your Compensation Challenges Compensate 7

8 NGA Human Resources is a global leader in helping organisations transform their business-critical HR operations to deliver more effective and efficient people-critical services. We help our clients become better employers through smarter, more streamlined business processes; to save money, manage employee lifecycles, and support globally connected, agile organisations. This is how NGA makes HR work. What sets us apart is The NGA Advantage. It s a combination of deep HR experience and insight, advanced technology platforms and applications and a global portfolio of fl exible service delivery options. Headquarters NGA Human Resources Peoplebuilding 2 Peoplebuilding Estate Maylands Avenue Hemel Hempstead HP2 4NW United Kingdom