It is more important than ever for businesses to attract and retain the best talent, and managing compensation effectively is an essential tool for doing so. Obviously companies must pay well to compete, but managing salary, merit pay, variable pay and incentives for employees, tracking their hiring anniversaries and conducting accurate performance appraisals make total compensation management a complex process. All of this must be managed within budget and policy guidelines. As organizations grow and require more employees, the challenges multiply and the difficulty increases. Our benchmark research finds that inconsistent execution is the top impediment to effective compensation management for nearly half (47%) of organizations. Software designed for this purpose can help.
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Topics:
HCM,
Human Capital Management,
Operational Performance Management (OPM),
Sales Compensation,
Business Performance Management (BPM),
CFO,
Compensation,
Customer Performance Management (CPM),
finance,
Financial Performance Management (FPM),
HR,
Sales Performance Management (SPM),
Talent Management,
TCM,
Workforce Performance Management (WPM)
Anaplan’s software is designed to help organizations across finance, sales and operations improve accuracy, timeliness and collaboration in their business analytics and planning. I recently attended the company’s first user conference, Hub 2013, in San Francisco, which featured customer success stories and latest on product information. Anaplan has built its business on the subtleties of modeling and planning that are shared between sales, operations and finance departments, and it enables them to apply analytics to projections in revenue, sales, forecasting, territory planning, commissions, quotas and profitability – areas that are intertwined through many business processes. Anaplan’s team has more than decades of experience in the analytics and planning software markets that has led to its devised cloud-based, in-memory computing software.
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Topics:
Big Data,
Planning,
FP&A,
Modeling,
Operational Performance Management (OPM),
Analytics,
Business Analytics,
Business Intelligence,
Cloud Computing,
Business Performance Management (BPM),
CFO,
Customer Performance Management (CPM),
finance,
Financial Performance Management (FPM),
Sales Performance Management (SPM),
Sales Planning,
Supply Chain Performance Management (SCPM),
Workforce Performance Management (WPM)
Organizations succeed through continuous planning to achieve high levels of performance. For most organizations planning is not an easy process to conduct. Planning software is typically designed for only a few people in the process, such as analysts, or organizations might use spreadsheets, which are not designed for business planning across an organization. Most technologies only allow you to examine the past and not plan for the future. For decades organizations have tried to focus planning on driving better results through higher participation, but they have usually failed, as technology has not advanced enough to support this business need.
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Topics:
Big Data,
Mobile Technology,
Operational Performance Management (OPM),
Operations,
Business Analytics,
Business Collaboration,
Business Intelligence,
Cloud Computing,
Cloudera,
Governance, Risk & Compliance (GRC),
Business Performance Management (BPM),
Business Planning,
CFO,
Customer Performance Management (CPM),
finance,
Financial Performance Management (FPM),
Information Applications (IA),
Sales Performance Management (SPM),
Supply Chain Performance Management (SCPM),
Tidemark,
Workday,
Workforce Performance Management (WPM)
Businesses need to simplify HR and compliance processes to save time and reduce risk. Talx, which helps employers address concerns in hiring, pay and compliance, has now assumed the name of its parent company and become Equifax Workforce Solutions [PDF]. HR and finance professionals should recognize the parent company’s brand from its work in the consumer credit industry. The company hopes these professionals will see that Equifax Workforce Solutions offers a better approach to governance, risk and compliance. According to our research, 79 percent of organizations want a better method to identify and manage risks faster.
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Topics:
Equifax,
eThority,
GRC,
I9,
Office of Finance,
Operational Performance Management (OPM),
Governance, Risk & Compliance (GRC),
CFO,
Compensation,
compliance,
finance,
Financial Performance Management (FPM),
Hiring,
HR,
TALX,
Workforce Performance Management (WPM),
Workforce Solutions
