R.I.P Spreadsheets: Automate Employee Compensation Planning Today
Summary
It’s the pain of sending and compiling compensation planning spreadsheets that we hear the most about, but most companies are still using Excel for employee salary decision making and pay-for-performance management. According to Ventana 2018 Total Rewards Research, less than half of organizations are confident they’re managing their compensation processes effectively and over 25% of companies rely on spreadsheets exclusively for employee compensation planning. The reality is that spreadsheets were not structured or setup to track and manage enterprise processes like compensation management, resulting in many HR teams spending an enormous amount of time managing templates, tracking workbooks, compiling data, and reporting on results. If your HR team is spending WAY too much time gathering and compiling budgets and salary decisions at the end of the year and you are you looking for a structured and consistent process for allocating salary adjustments and bonuses – we invite you to say R.I.P to spreadsheets and hello to emPerform’s Compensation Management Module.
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