Are You Transparent Enough?
• CEO credibility is extremely
important today. “Trust
me” doesn’t cut it
anymore. Employees and investors
need reassurance. Employees and
investors feel that too often
management is violating the “fairness” doctrine
when it comes to compensation
and accountability. Credibility
is established through contact
and fully one half of employees’ sense
of corporate well being comes
from their perception of closeness
to and interest from the CEO.
• Investors
and employees are seeking “hard
metrics” to back up the contact.
They are looking for a sense of awareness
from the CEO of issues that will make
a difference to them and not just superficial
changes to deeper, structural issues.
They want the CEO to do the right thing
even when invisible.
• Corporate “advantage” from
technology and new markets is important
but short lived as competitors pour in.
A company’s long-term advantage is
in its human resources. Growth depends
on the initiative, will and motivation
of employees. 85% of executives feel that “customer
relationships” are the most important
corporate priority and those relationships
rest on the broad shoulders of willing,
committed employees.
• Affirmation,
Fairness and Transparency in dealings with
employees starts with compensation. Corporate
compensation plans and processes that are
honest, responsive, and self-evident, provide
authentication to a CEO’s credibility.
A comprehensive, intuitive, and affordable
Compensation Software Solution also provides
a build-out platform for the CEO as he
seeks to affect a personal imprimatur of
moral credibility. A well-understood and
easily seen employee rewards process can
be the most cost effective first step in
the construction of a public and customer
perception of corporate honesty and transparency.
• Corporate
Administrative “business intelligence” is
built on ‘70’s spreadsheet
software. Which is no intelligence at all.
Most managerial heartburn is about employee
performance and compensation. Time stops,
as does productivity, when spreadsheets
appear and budget deadlines near. Line
managers can spend as much as 8 hours per
employee per year on compensation related
issues. The average manager is responsible
for 5 employees, which is one week a year
of lost productivity.
• HRMS/IS
software (SAP, People Soft, Lawson) is
sophisticated and expensive and does not
address compensation as a primary objective.
A business intelligence layer is needed
to make these databases a greater corporate
asset. An effective enterprise level compensation
budgeting/salary management tool takes
the ROI of the HRMS, the HR staff and all
line managers to a new level.
• State
of the art compensation tools provide a
direct way for employees to see and feel
the fairness of corporate wealth sharing.
These tools provide daily intelligence
that enable a manager to closely and transparently
link performance to reward. EEO and morale
issues related to compensation and promotion
disappear, and all employees know it.
• OSM is enterprise level compensation budgeting/salary
planning software that is compatible with
any HRMS. It will reduce time and costs
of current practice by up to 90%. ROI can
be 90 days or less.
• OSM
installs in days with a single point of
communication and control. No special hardware,
software or IT assistance is required.
• OSM is the business intelligence tool that
assures the CEO that the umbrella of care,
reward and fairness is extended to all
employees by empowering them with a comprehensive
and transparent link to management.
• One
screen access, in real time, to comp/stock
awards, budgets, org chart, EEO, employee
detail, and comp histories with 30 award
population charts/graphs. One screen, worth
a thousand words of manager praise, that’s
OSM: Online Salary Managment.
Increased
corporate-wide compensation compliance,
accuracy and accountability. Gain transparency
and real-time control in setting and
delivering manager budgets.
“Not only is our review
process easier and faster due to
Sentient’s automation, but
our review cycles result in more
precise administration of our budgeting
process.”
– Waste Management
Increased
employee satisfaction and reduced EEO
liability. Employee understanding of
and buy-in to corporate reward programs
results in a corporate-wide enthusiasm
readily apparent to customers.
"We took what had been a very
labor intensive process and streamlined
it with OSM, giving managers more
input and authority for salary increases
while maintaining the security and
integrity of our salary review process.
The system more than paid for itself
the first year."
– Hunt Petroleum
Building
an ongoing stream of cost savings that
grows even when business isn’t.
“the combination of reduced
labor cost(s) …and the ability
to execute to our budget has resulted
in substantial cost-benefits…we
continue to be more impressed with
the bottom line impact with each…cycle
that passes.”
– Waste Management
Adapting
to your way of doing business.
"Your understanding of Human
Resource processes and of end user
requirements coupled with your ability
to design and deliver flexible solutions
enabled us to successfully increase
employee productivity while simultaneously
reducing costs. With many of the
applications in production since
1997, on average, we are seeing savings
of $600,000 per year as a result
of using the HR web tools."
– Ericsson
An
end-to-end solution in compensation budgeting,
pricing and modeling.
"With the implementation of the
HR web tools Sentient designed, we
now feel that we have put in place
one of the finest HR automation platforms
in the telecommunications industry,
or any other industry."
– Ericsson
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