Discuss the compensation administration productivity tools

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Reference no: EM132438933

THE "RIGHT" COMPENSATION ADMINISTRATION PRODUCTIVITY TOOLS

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ASSIGNMENT DESCRIPTION/SCENARIO
Consider yourself to be the Human Resource Systems Manager for a Global Corporation with about 15000 employees across various countries. Your company has 10000 of those 15000 employees in the U.S. You have been approached by the Corporate Compensation Manager asking your help to find specific Compensation Administration productivity tools for the US operations only.

The Compensation Department regularly must do some data intensive tasks such as:

Question 1. Participating and analyzing specific salary surveys to compare your company's compensation data with those of similar companies in similar or related industries. The compensation analysts must go through an annual exercise of benchmarking jobs and then inputting your company's data into external salary surveying systems. After that the Compensation Analysts will engage in analyzing and comparing benchmarked survey data to internal data in the effort to update salary ranges for a Salary Ranges based Compensation System or do market pricing for a Market Based Compensation System.

Also, the compensation department must work with line HR managers and HR Reps. during the annual salary planning and budgeting process working in conjunction with the Finance Department.

The Compensation Manager wants to automate these tasks which are now done by Compensation Analysts by hand. So, the Compensation manager wants your help in finding automated Compensation Administration Tools.

Tools such as a Salary Survey Analyzer to automate the entire Salary Surveying process,

Question 2) Salary Range Developer to automate the number crunching steps in updating Salary Ranges and Merit Matrices and

Question 3) a Salary Forecasting and Budgeting Tool to automate this other annual number crunching process.

Reference no: EM132438933

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