Designed to look at the range of benefits employers receive from a software system to manage and plan employee compensation and incentives, the paper is based on experiences of employers moving from a manual to automated process. In addition, the paper discusses how certain business goals can be more readily achieved through adoption of a compensation management software solution.
Software solutions have been used to bring efficiency to many other human resource functions in recent years. Now, it is predicted, more employers will be seeking Software as a Service (SaaS) applications to plan and administer compensation for employees. This paper describes the key benefits available to employers from such solutions.
Systems that are available on the market today allow employers to embrace a desired Pay for Performance workplace, the paper suggests. In addition, automation gives employers a range of other business advantages, including increased appeal to Millennials and achieving more efficiency in human resource departments.
The paper can be downloaded at the HRsoft web site, www.HRsoft.com.
HRsoft is one of the fastest growing software companies focused on web-based talent management and compensation management software solutions.