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5 Tips To Effective Compensation Management

publication date: Feb 6, 2012
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author/source: SumTotal Systems, Inc
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HR FIELD GUIDE: 5 TIPS TO EFFECTIVE COMPENSATION MANAGEMENT

© 2011 SumTotal Systems, Inc. All rights reserved.

CORPORATE HEADQUARTERS:

SUMTOTAL SYSTEMS, INC. 
2850 NW 43RD STREET
SUITE #200
GAINESVILLE, FL 32606 USA
PHONE: +1 352 264 2800
FAX: +1 352 264 2801

EMEA:
SUMTOTAL SYSTEMS, UK
59-60 THAMES STREET
WINDSOR, BERKSHIRE
UNITED KINGDOM, SL4 1TX
PHONE +44 (0) 1753 211 900
FAX +44 (0) 1753 211 901

APAC:

SUMTOTAL SYSTEMS, INDIA PVT. LTD.
7TH FLOOR MAXIMUS TOWERS
BUILDING 2B, MIND SPACE
RAHEJA IT PARK, CYBERABAD
HYDERABAD, AP- 500081, INDIA
PHONE: +91 (0) 40 6695 0000
FAX: +91 (0) 40 2311 2727

MORE INFORMATION
connect@sumtotalsystems.com

ABOUT SUMTOTAL

SumTotal Systems, Inc. is the global leader in complete talent management software that enables organizations to more
effectively drive business strategy. Recognized by industry analysts as the most comprehensive talent management solution, SumTotal provides full employee lifecycle management, including a core system of record, from a single provider for improved business intelligence. The company offers customers of all sizes and in all industries the most flexibility and choice with multiple purchase, configuration, and deployment options. 

According to AMR Research, companies can expect to save approximately 57% per transaction to process a salary change (a common affair) by moving from a manual process to a technology-enabled one. There are clearly more complex aspects to compensation management, and costs savings can be realized across the entire value chain, from plan defi nition, to decision support, integration, localization, and approvals. By focusing on a handful of key best practices, HR organizations better position themselves to optimize planning, modeling, budgeting, analysis, and execution of their enterprise-wide compensation plans.

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