Typically in organizations there are multiple data sources for Comp & Ben. These include HCM platforms, payroll systems and typically dozens of spreadsheets. Comp & Ben software will help you to integrate the data from these sources, remove unnecessary spreadsheets and side solutions, and let you have all your Comp & Ben processes in one place.
Compensation & Benefits is s wide topic with magnitude of elements that impact the end result: the well-being, satisfaction and performance of every company's greatest asset - the people. "A company is only as good as the people it keeps." once said Mary Kay Ash and we find it true.
Let the dedicated Comp & Ben Software help you to fairly and accurately manage all the aspect of people's compensation. Click the button below and we will check with you how the C&B software could help in your unique situation.
Use the panel below to find out about the benefits of implementing dedicated Comp & Ben management software.
One central tool for all your Comp & Ben needs. Manage all the processes under one roof.
Save hundreds of hours of work yearly for your HR department. Eliminate spreadsheets and laborious work. Digitalize and automate. It's XXI century after all!
Manage the Comp & Ben processes in a flexible tool - the way you deem the best. Remove workarounds, side solutions and extensive exception handling.
Setup the compensation rounds with ease. Adjust the parameters, prepare and run the processes when the time is right.
Have you ever happened to send a wrong spreadsheet, with a wrong data, to a wrong person? Or miscalculate the payout? With the proper software it will not happen again.
Take advantage of full audit trail, separation of duties and potential hidden in logs. Everything in the system is tracked and auditable and you are in charge of that.
Use the C&B software as single source of truth and enjoy pace of mind that comes with it.
Report real things real time in a modern BI reporting tool dedicated for your Comp & Ben needs.
Here are some typical questions that you might have when it comes to the dedicated Comp & Ben software.
There is multiple reasons for that. Most importantly, the dedicated Compensation & Benefits software will allow you to take care of your people from all the angles. Employees compensation will be more accurate and benchmarked to the market. The communication will be easier and better. Calculations will be automatic. Execution of the processes will be less involving and modifications will be easier. You will have the time and capacity of people and resources to actually plan your Compensation and Benefits strategy and execute the planning.
Life of the Comp & Ben department will be easier and more effective.
Ideally, you should start thinking about the Comp & Ben software before you even notice that your processes are lagging behind the reality and needs. For example when you notice that your sensitive and important processes are carried out in spreadsheets or custom solutions that you don't have control of. Another sign that you need a dedicated Comp & Ben tool is that your processes take too much time and effort and that your Comp & Ben department is ever busy with manual tasks and administration.
Typically yes. The software that we implement does not aim to substitute the big HR tools and solutions. It fills in the gap between the Human Capital Management / ERP solutions and the Compensation & Benefits department needs. Unlike the other typical HR solutions, it is flexible and tailored to the Comp & Ben processes in its very roots. Experience the coverage of 100% of the processes by the dedicated software that adapts to you and your requirements, processes and needs.
We strongly encourage our customers to implement in the Agile way of doing project. This means working together hand to hand with the technical and business teams, opening lines of communications, providing the solution increments and actually seeing how it goes and what you get. There is nothing better for the success of the project than seeing everyday how it grows and gets shape.