The Challenges
- Inconsistent compensation data in multiple legacy systems
- Manual processing of diverse benefit package and bonus structure
- Frequent calculation errors and administrative delays
- Pay gaps identification, internal salary inequities and lack of standardized job grading
- Fragmented data formats to benchmark internal compensation
The Solution
- Data centralization for various sources into a single, secure and unified relational database.
- Consistent job grading system to allow for fair salary comparisons
- Identify outliers and potential areas for cost optimization
- Interactive dashboard for visualization for clear view of total rewards
- Strict data encryption and access control for highest standard of security
The Results
- Detailed analysis for identification and address salary disparities for transparent workplace culture.
- Real time access of labor cost and empowered leadership
- Structured data environment simplified process of legal reporting
- Accurate benchmark of offering retain top software talent.