How you pay and reward your employees has never been so important – and they’ll be the first to tell you that.
While happiness at work is undoubtedly based on a number of factors, according to our research, six in 10 UK employees say that salary is still their most important consideration when looking for a job.
Not only that, but a whopping 95 per cent expect to be rewarded with progressive increases to their pay and rewards for each year of service with your company.
With fierce competition for talent, looming economic uncertainty, and a strong trend towards greater pay equity and transparency, you’ve got to have a firm strategy in place for managing employee compensation.
For many organisations, salary reviews are infrequent and inconsistent – pay data is siloed in spreadsheets, managers struggle to delegate, and employees are left wondering about their career opportunities. It reflects poorly on the company’s culture and values.
If this sounds familiar, it may be time to consider using compensation planning software to:
- Become more data-centric;
- Empower managers to work more effectively;
- Shorten the pay review process for employees;
- Establish more consistent processes;
- Improve reporting and compliance.
Compensate from Zellis
Compensate from Zellis is specifically designed to give HR and reward managers a complete suite to manage compensation more effectively.
This includes salary and bonus planning functionality to shorten and simplify the pay review process, improving efficiency, reducing the risk of errors, and ensuring compliance. The job evaluation feature helps you to define and compare roles, providing a firm basis for establishing and maintaining a clear, consistent and transparent reward structure.
Our experienced team of in-house consultants will guide you with best practices, working with you to develop a plan to address your specific challenges.
Find out more on our website.