If you’re still manually managing your compensation planning by sending worksheets back and forth, leaving you unsure if your compensation data is accurate — there’s a better way. The Workforce Dimensions™ Compensation Management tools automate and streamline compensation processes to improve accuracy, drive efficiency and increase productivity.
Workforce Dimensions Compensation Management streamlines and automates your entire process for compensation management. Quickly and easily create compensation cycles to support the varied needs of your organisation — whether your processes are cycle-based, annual or non-annual. It even supports off-cycle merit- and promotion-based salary increases. This flexible tool also allows you to manage plans across multiple business units and define special rules of program eligibility.
Workforce Dimensions Compensation Management provides an intuitive, spreadsheet-like interface so you can quickly and easily define budgets for each of your compensation cycles. Approval workflows for top-down and bottom-up budgeting processes are supported by the application — including your choice of salary structure. With optional access to PayScale-powered salary reports, you can leverage up-to-date compensation research and valuable data to make more informed budget decisions.
Because the process is automated, proposed compensation increases are efficiently and quickly routed through a configurable approval workflow. Automated alerts and reminders keep the process moving forward in a more streamlined way. Access to specific functionality, sensitive information and override privileges can be restricted during each step in the process to help ensure security of sensitive employee information. To make it easier for HR and compensation managers to review and approve proposed increases for all employees, simply use the “mass-finalise” function. No need to drill down into each proposed increase for individual employees.
Workforce Dimensions Compensation Management leverages a unified workforce management platform with a common user interface, workflows and database. Our easy-to-use cloud-based suite of tools provide the high-quality information and complete automation you need to better manage compensation for your entire workforce — from pre-hire to retire.
Workforce Dimensions Compensation Management streamlines and simplifies the complete compensation management process from defining guidelines and programs, to modelling and budgeting — even routing your proposals for approval. Seamless integration with Workforce Dimensions HR helps you reduce data entry errors and improve data consistency, while providing easy access to employee information.
Automated tools and workflows help reduce the administrative burden
Achieve greater insights into every phase of your compensation planning
Automate enforcement of compensation guidelines
Align planned compensation increases with your corporatewide compensation strategy