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3 Strategies to Increase

Compensation ROI
- A Guide For Enterprise Organizations

Recruit. Develop. Perform. Reward.


For enterprise organizations, your workforce can be one of
your most valuable, and expensive, assets. And establishing
a culture that rewards high performers can attract, retain, and
motivate your workforce­—leading to increased ROI on your
compensation spend, happier customers, and exceptional
[relevant image – can be
organizational success.
some combo of executives,
team of employees, or money]
To foster this culture you need to engage and empower
managers in the compensation process, and establish a
transparent compensation and rewards strategy that aligns
individual performance and business goals.

Gallup reports that


organizations following
“engagement best practices”
grew at a rate that was
4.3 times greater than
that of their competitors.
What’s often missing in organizations is an integrated solution To get the most value out of your compensation spend, you
that handles your compensation strategy and planning need a solution that supports your compensation strategy
process and also engages your workforce. and planning process, and also engages employees and
empowers managers.
The tools you trust to plan and manage compensation—such
as spreadsheets and homegrown tools—can be confusing, At PeopleFluent, we understand how critical rewarding
inefficient, and error-prone. This results in: performance is to your organization. That’s why we offer the
only solution that increases the ROI of your compensation
Frustrated employees who are strategy by allowing you to manage your compensation
not sure how their performance process and inform, engage, and empower your workforce.
is being measured or how it
impacts rewards

Frustrated managers who want


to reward their best employees
but don’t understand the
34% of employees are
compensation strategy not engaged with their
organization and fair pay is one
Frustrated human resources of the top reasons for
leaders who would like a more
efficient compensation process their lack of engagement.
–Quantom Workplace, The State of Employee Engagement

Frustrated executives who are


uncertain how compensation
is contributing to overall
business performance
1. Engage and Empower Managers,
While Ensuring Compliance

How can you ensure managers are following your


compensation strategy?

It begins with educating and empowering them to make the


right compensation decisions for their employees.

Typically, managers are exposed to the compensation strategy


only a few times each year. Coaching your managers on your
compensation strategy and business values is critical to
• Interactive dashboard for collaboration, training, tasks, and analytics
empowering them to make the right decisions.
• Comprehensive
 reports that highlight all key metrics
• Total Compensation Statements that include all contributing reward data
Our solution allows you to create custom dashboards with
training videos, notifications, budgetary data, and other
relevant information to reinforce your strategy and guidelines— To further champion your compensation strategy, a solution
at the exact time your managers need it. needs to be easy to use and streamlined. Our platform has
earned the praise of end-users—many calling it the best HR
software they’ve ever used.

53% of the companies “We needed a product that was very intuitive, could
be expanded rapidly and be multi-lingual… We
indicated most employees don’t found PeopleFluent was robust enough to be able
understand their company’s to handle the ten-thousand plus employees that we
have now in the system.”
compensation philosophy. –Sam Gaglio
–World At Work, Compensation Programs and Practices, 2015 Manager of Global HR Shared Services, Hertz Corporation
2. Leverage Data for Strategic Analysis and
Insights
Where can you effectively leverage your compensation budget?
And how can you optimize your compensation spend?

Organizations today want the ability to visualize their


compensation data—to see where you can strategically leverage
and optimize your budget to make important decisions, in real
time. The key to doing this effectively is the ability to deliver the
right kind of data and insights to the right stakeholders:
•M
 anagers need easy and convenient access and
relevant reports to aid in validating things like the
quality and equity of compensation decisions. • Track financial and business goals, and compare target metrics to actual
results for determining pay-outs
•HR typically wants to import raw data into spreadsheets
•P
 rovide easy-to-understand reports of pay-out calculations for managers
for their own ad hoc analysis.
•E
 xecutives need to see their entire organization, look for
opportunities, and get details when necessary.

Only PeopleFluent Compensation transforms basic graphs and


charts into real-time data modelling and visualization tools
that share insightful information based on key performance
indicators.

The result? Your decision makers have the tools they need to
track compensation and align with business strategy.
3. Improve Efficiency and Accuracy
Enterprise leaders know that time is money. What if you could
save your organization months of administrative work during On average, PeopleFluent clients
a compensation cycle? What other important initiatives could
you support with that extra time? improve administrative efficiency
It takes organizations months to complete a compensation by 80 % during a compensation
cycle. The process places a significant burden on HR, finance,
and legal compliance teams. cycle—saving nearly 100
With our compensation solution, your organization can business days.
configure and run complex compensation processes
accurately and efficiently. Only PeopleFluent offers
•S
 upport for multiple compensation components,

80 %
including: salary, bonus, stock awards, shift
differentials, and business unit specifications
•V
 alidation, audits, communication, and workflows to
help detect and correct discrepancies
•A
 bility to handle complex global requirements,
including currencies, local regulations, and compliance
laws
•F
 lexible and customizable reporting specific to
managers, compensation teams, field HR personnel,
and executives—available in real time.
“The use of the PeopleFluent Compensation tool has
transformed how we manage our compensation process.
We have saved over two thousand hours in administrative
time and are able to leverage robust analytics to better
compensate top performers. We now run a more efficient,
accurate, and effective compensation cycle.”
-Margot Cresswell, Program Delivery Manager, Bank of Montreal
PeopleFluent isn’t just a software company. We offer
expertise and strategic insights to help clients implement a
comprehensive solution to their compensation planning and
execution needs.

Find out how PeopleFluent can help you conquer compensation.

877.879.8807 | tellmemore@peoplefluent.com
Recruit. Develop.
Perform. Reward.
About PeopleFluent
As a market leader in human resources solutions for the digital enterprise,
PeopleFluent helps companies build and power a productive workforce. We
serve the global market, with specific capabilities for healthcare, financial
services, manufacturing, and retail. Our cloud-based software solutions
adapt to complex and unique talent processes, while clarifying their strategic
value.

Our Talent Productivity Platform unifies talent acquisition and talent


management into a single, collaborative experience that attracts the
best candidates, helps managers make better decisions, and empowers
employees to grow their careers.

PeopleFluent works with large and multinational organizations across 214


countries and territories—including 80% of the Fortune 100.

www.peoplefluent.com
Copyright 2018, PeopleFluent. All rights reserved. This document contains registered trademarks and trademarks of
PeopleFluent Holdings Corp. or one of its subsidiaries. All other brand and product names are trademarks or registered
trademarks of their respective holders.
Recruit. Develop. Perform. Reward.

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