Effective salary planning requires advanced tools

Efficient salary planning is critical to the competitive organization. After all, compensation expense typically accounts for a significant portion of the annual budget, so it stands to reason that any efficiency gained in planning and administering salary issues will have a significant effect on the bottom line. But compensation also plays a role in finding and retaining top talent. The employment pool is shrinking, and to compete for top performers, organizations must be able to compete on incentives and pay, and effective planning allows the organization to best use its compensation dollars to reward its best talent. While many employers still rely on antiquated spreadsheet-based solutions, these home grown applications can't provide the kind of efficiency, insight and tools needed to handle salary planning in a highly competitive employment market. For a leading solution that can better promote efficiency and achieve greater employee satisfaction, consider Authoria.

Authoria delivers innovative salary planning solution

Authoria Salary™ is a web-based fully automated planning solution that gathers and consolidates all compensation-related data in a secure location. Built on years of experience helping employers meet the challenges of large employers, Authoria's solution can help achieve substantial cost savings, dramatically reduce error rates, automate reporting and deliver valuable management insight. With compensation information residing in a powerful centralized repository, companies can harness data in real time to help use compensation as a business driver. Managers can use market data, employee performance and other metrics to determine compensation appropriations, and make changes to compensation using performance-based increase matrices. Pay-for-Performance tools help align employee actions with pay, and advanced reporting capabilities provide greater ability to comply with Sarbanes-Oxley and other reporting regulations. Authoria simplifies salary planning by providing an environment managers can work with easily. Dynamic and flexible worksheets can be modified as changing employment needs necessitate new business rules. And improved analytics allow managers to view data in user-defined formats for quicker and more accurate decision-making. The bottom line — Authoria's flexible solution improves efficiency and effectiveness of compensation administration.

Benefits of salary planning with Authoria

With Authoria's salary planning software you can:

• Automate and centralize compensation processes
• Achieve shorter compensation planning cycles
• Ensure compliance with federal and state reporting regulations
• Gain instant insight to real-time data with powerful dashboards
• Increase security and control

In addition to salary management software, Authoria also provides solutions for performance management, integrated talent management, employee review software, succession planning system, recruiting technology and other human resources software.