TM - November 2007 - (Page 34) recruitment & retention assessment & evaluation compensation & benefits performance management learning & development succession planning [compensation & benefits]by David Turetsky Compensation Technology: Drive Higher Performance, Gain Competitive Advantage What do compensation technologies and the telephone have in common? Both have evolved significantly over the last 20 years, granting freedom from previous constraints and contributing to clearer communication. The evolution of compensation technology has enabled organizations to use performancebased pay to effectively motivate employees, attract and retain qualified talent and drive higher workforce productivity. Compensation technology has come a long way since its inception. A quarter century ago, organizations relied on manila envelopes to hide confidential listings of employee salaries. Manual pen-and-paper processes limited their ability to design compensation plans with any depth or complexity, and documenting exceptions meant writing in the margins of the listings. Thanks to advances in compensation management automation, those restrictions have been lifted. November 2007 program-enabled processes for compensation management. But as their businesses grow larger, they’ve discovered spreadsheets such as Excel aren’t the right foundation on which to build. Now, companies (even those that customize Oracle and SAP applications) are opting for best-of-breed applications from smaller vendors. The result is solutions that can help plan and budget salaries and salary increases, streamline compensation cycles, ensure consistency and fairness, and empower managers in the organization to pay for top performance — all while adhering to corporate guidelines and budgets. Although a few still use the envelope approach, many organizations continue to rely on Microsoft 34 talent management magazine www.TalentMgt.com http://www.TalentMgt.com
Table of Contents Feed for the Digital Edition of TM - November 2007 Talent Management - November 2007 Editor's Letter Contents Letters to the Editor Human Performance Leading Edge Learning Connections Viewpoint Finding Candidates with the Right Fit Turning HR Data Into Business Intelligence Compensation Technology: Drive Higher Performance, Gain Competitive Advantage The Art and Science of Influence Training the Ethical Workforce Making the Best Managers Application: Pre-Hire Testing Drives Down Employee Turnover at Advnace Auto Parts Dashboard: The Role of Learning Business Process Outsourcing Insight: Nationwide Insurance: On Employees' Side Advertiser's Index Editorial Resources Full Potential TM - November 2007 TM - November 2007 - Talent Management - November 2007 (Page Cover1) TM - November 2007 - Talent Management - November 2007 (Page Cover2) TM - November 2007 - Talent Management - November 2007 (Page 3) TM - November 2007 - Editor's Letter (Page 4) TM - November 2007 - Editor's Letter (Page 5) TM - November 2007 - Editor's Letter (Page 6) TM - November 2007 - Editor's Letter (Page 7) TM - November 2007 - Contents (Page 8) TM - November 2007 - Contents (Page 9) TM - November 2007 - Contents (Page 10) TM - November 2007 - Contents (Page 11) TM - November 2007 - Letters to the Editor (Page 12) TM - November 2007 - Letters to the Editor (Page 13) TM - November 2007 - Human Performance (Page 14) TM - November 2007 - Human Performance (Page 15) TM - November 2007 - Leading Edge (Page 16) TM - November 2007 - Leading Edge (Page 17) TM - November 2007 - Learning Connections (Page 18) TM - November 2007 - Learning Connections (Page 19) TM - November 2007 - Viewpoint (Page 20) TM - November 2007 - Viewpoint (Page 21) TM - November 2007 - Finding Candidates with the Right Fit (Page 22) TM - November 2007 - Finding Candidates with the Right Fit (Page 23) TM - November 2007 - Finding Candidates with the Right Fit (Page 24) TM - November 2007 - Finding Candidates with the Right Fit (Page 25) TM - November 2007 - Finding Candidates with the Right Fit (Page 26) TM - November 2007 - Finding Candidates with the Right Fit (Page 27) TM - November 2007 - Turning HR Data Into Business Intelligence (Page 28) TM - November 2007 - Turning HR Data Into Business Intelligence (Page 29) TM - November 2007 - Turning HR Data Into Business Intelligence (Page 30) TM - November 2007 - Turning HR Data Into Business Intelligence (Page 31) TM - November 2007 - Turning HR Data Into Business Intelligence (Page 32) TM - November 2007 - Turning HR Data Into Business Intelligence (Page 33) TM - November 2007 - Compensation Technology: Drive Higher Performance, Gain Competitive Advantage (Page 34) TM - November 2007 - Compensation Technology: Drive Higher Performance, Gain Competitive Advantage (Page 35) TM - November 2007 - Compensation Technology: Drive Higher Performance, Gain Competitive Advantage (Page 36) TM - November 2007 - Compensation Technology: Drive Higher Performance, Gain Competitive Advantage (Page 37) TM - November 2007 - Compensation Technology: Drive Higher Performance, Gain Competitive Advantage (Page 38) TM - November 2007 - Compensation Technology: Drive Higher Performance, Gain Competitive Advantage (Page 39) TM - November 2007 - The Art and Science of Influence (Page 40) TM - November 2007 - The Art and Science of Influence (Page 41) TM - November 2007 - The Art and Science of Influence (Page 42) TM - November 2007 - The Art and Science of Influence (Page 43) TM - November 2007 - The Art and Science of Influence (Page 44) TM - November 2007 - The Art and Science of Influence (Page 45) TM - November 2007 - Training the Ethical Workforce (Page 46) TM - November 2007 - Training the Ethical Workforce (Page 47) TM - November 2007 - Training the Ethical Workforce (Page 48) TM - November 2007 - Training the Ethical Workforce (Page 49) TM - November 2007 - Making the Best Managers (Page 50) TM - November 2007 - Making the Best Managers (Page 51) TM - November 2007 - Making the Best Managers (Page 52) TM - November 2007 - Making the Best Managers (Page 53) TM - November 2007 - Application: Pre-Hire Testing Drives Down Employee Turnover at Advnace Auto Parts (Page 54) TM - November 2007 - Application: Pre-Hire Testing Drives Down Employee Turnover at Advnace Auto Parts (Page 55) TM - November 2007 - Application: Pre-Hire Testing Drives Down Employee Turnover at Advnace Auto Parts (Page 56) TM - November 2007 - Application: Pre-Hire Testing Drives Down Employee Turnover at Advnace Auto Parts (Page 57) TM - November 2007 - Dashboard: The Role of Learning Business Process Outsourcing (Page 58) TM - November 2007 - Dashboard: The Role of Learning Business Process Outsourcing (Page 59) TM - November 2007 - Dashboard: The Role of Learning Business Process Outsourcing (Page 60) TM - November 2007 - Dashboard: The Role of Learning Business Process Outsourcing (Page 61) TM - November 2007 - Insight: Nationwide Insurance: On Employees' Side (Page 62) TM - November 2007 - Insight: Nationwide Insurance: On Employees' Side (Page 63) TM - November 2007 - Insight: Nationwide Insurance: On Employees' Side (Page 64) TM - November 2007 - Editorial Resources (Page 65) TM - November 2007 - Full Potential (Page 66) TM - November 2007 - Full Potential (Page Cover3) TM - November 2007 - Full Potential (Page Cover4)
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