Download
total rewards total compensation n.
Skip this Video
Loading SlideShow in 5 Seconds..
Total Rewards /Total Compensation PowerPoint Presentation
Download Presentation
Total Rewards /Total Compensation

Total Rewards /Total Compensation

397 Vues Download Presentation
Télécharger la présentation

Total Rewards /Total Compensation

- - - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - - -
Presentation Transcript

  1. Total Rewards /Total Compensation Indy Bains HCM Sales Consultant

  2. Agenda <Insert Picture Here> • Business Climate • Total Rewards • Business Challenges • Oracle Solutions

  3. <Insert Picture Here> Business Climate

  4. Have You Heard? • Total Reward Solutions Provide… • Strategic Planning • Salary Equity • Flexible Offerings – Work/Life Balance • Pay For Performance • Alignment With Objectives • Employee Engagement • Employee Value

  5. <Insert Picture Here> Total Rewards

  6. Total Rewards… “Anything of value used to attract, retain, or motivate workers”

  7. Organization TOTAL REWARDS Culture STRATEGY Compensation Attract Employee Business Business Benefits Motivate Strategy Work / Life Retain Satisfaction & Performance Performance & Recognition Engagement & Results Human Resources Development & Opportunities Strategy Global Total Rewards Strategy….. Source: WorldatWork

  8. <Insert Picture Here> Business Challenges

  9. Workforce Demand How can I attract the right talent at the least cost? How can I determine the right compensation package? How can I retain my best? Manage Processes How can I effectively manage high volume as well as individual processes? How can I make real-time as well as future changes? Balance Goals How can I align compensation with organization and employee objectives? How can I comply with legislation and contractual commitments? How can I optimize performance? Environmental/Geographical Challenges How can I structure condition-based rewards? How can I manage globally? Business Pressures Strategy Allocate Process

  10. What It Takes to Attract, Retain and Engage Employees… At a Glance… Source: Towers Perrin

  11. Employee Strategic Total RewardsFinding the ‘Right’ Balance Objectives Organization Objectives “A modern Compensation plan needs to have several components that balance the needs of attracting and maintaining a competitive workforce and the financial resources and priorities of the business.” Matt Filos Director, LTM Operations and Control, Merrill Lynch

  12. <Insert Picture Here> Oracle Solutions

  13. Total Rewards Integrated Total Rewards LifeCycle Talent Planning Measure & Report Recruiting Analyze Plan Incentive Compensation Performance Management Talent Reward Evaluate Profile Develop Advance Compensation Career Planning Benefits Learning & Development

  14. Total Rewards Integrated Total Rewards LifeCycle Talent Planning Assess & Communicate Recruiting Analyze Plan Incentive Compensation Performance Management Reward Evaluate Develop Advance Career Planning Compensation Learning & Development Benefits

  15. Market Salary Survey Analyze Plan Total Reward Evaluate Rewards Develop Advance Integrated Total Rewards LifeCycle Relocation Talent Planning Sign On Bonus Assess & Communicate Recruiting Incentive Compensation Performance Management Career Planning Compensation Learning & Development Benefits

  16. Analyze Plan Total Reward Evaluate Rewards Develop Advance Management By Objectives Integrated Total Rewards LifeCycle Talent Planning Assess & Communicate Recruiting Performance Management Incentive Compensation Career Planning Compensation Learning & Development Benefits

  17. Analyze Plan Total Reward Evaluate Rewards Job Tuition Promotions Reimbursement Develop Advance Professional Credentials Integrated Total Rewards LifeCycle Talent Planning Assess & Communicate Recruiting Incentive Compensation Performance Management Career Planning Compensation Learning & Development Benefits

  18. Analyze Plan Total Reward Evaluate Rewards Merit Increase Develop Advance Benefits Step Increase Integrated Total Rewards LifeCycle Talent Planning Assess & Communicate Recruiting Incentive Compensation Performance Management Career Planning Compensation Learning & Development Benefits

  19. Total Rewards Metrics & Statement Reports Analyze Plan Total Reward Evaluate Rewards Develop Advance Integrated Total Rewards LifeCycle Talent Planning Assess & Communicate Recruiting Performance Management Incentive Compensation Compensation Career Planning Learning & Development Benefits

  20. Relocation Sign On Bonus Total Rewards Market Metrics & Statement Salary Reports Survey Analyze Plan Total Reward Evaluate Rewards Job Tuition Reimbursement Promotions Merit Increase Develop Advance Management By Objectives Benefits Step Increase Professional Credentials Integrated Total Rewards LifeCycle Talent Planning Assess & Communicate Recruiting Incentive Compensation Performance Management Compensation Career Planning Learning & Development Benefits

  21. Business Practices Flexible, complete, integrated Process Automation Integrated Data Model Partner Integration Process Management Common Security Best Practice Process Templates Approvals Workflow Decision Support Manual Activities Corporate Policy Embedded Analytics Collaboration Knowledge Total Rewards Solution Components ‘Feels like home’ Portal

  22. Drilldown to Transaction Data & Other Metrics Communicate Total Compensation Analyze the Data Enter Data Better Business Decisions In Action…..

  23. Integrated Total RewardsStrategic Advantages • Best Business Practices • Business Intelligence • Integrated Business Processes • Embedded Decision Aids • #1 HCM application • Single Sign-on • Same User Experience • Integrated Data Model • Consistent Communications • Unified Security and Approvals

  24. Improve Company Performance And Increase the Bottom Line Effective Total Rewards programs produce a… Satisfied and Engaged Workforce

  25. Customer Success Profile • COMPANY OVERVIEW • Retail Industry • Location: Texas • The largest retailer of arts and craft materials • 40,000 employees • CHALLENGES/OPPORTUNITIES • Single source of workforce information • Strong “Talent Management” functionality • Configuration flexibility to automate compensation • eligibility and calculations • ORACLE E-BUSINESS SUITE • Human Resources • Advanced Benefits • Self-Service • Talent Management • Performance Management • Compensation Workbench • Learning Management • RESULTS • Automate via self-service key HR processes to server over 900 stores in US and Canada • Eliminate over 180,000 faxes per year for HR processing • Equip store managers with self-service and information to better manage workforce • Tightly link performance evaluation to reward by leveraging Oracle’s integrated “Talent Management” processes • Automate processes and controls for positions, pay rates, appraisal/ merit process • Positively impact bottom-line by reducing #1 expense - Payroll

  26. Customer Success Profile CUSTOMER QUOTE: • COMPANY OVERVIEW • High Technology Industry • Location: Boston, MA • 850 employees • WHY ORACLE? • Oracle is a partner in understanding business and functional needs • Greatest amount of functionality for long-term growth • Exceptional reporting capabilities • ORACLE E-BUSINESS SUITE • Human Resources • Advanced Benefits • Self-Service • Compensation Workbench • Time and Labor “Mercury Computer has been able to lower compliance costs, increase service quality and lower IT maintenance costs across the many divisions.”  Steve Nigzus CIO Mercury Computer Systems • RESULTS • Increased employee base by 50% while maintaining same administrative staff size • Consolidated four systems into one integrated solution • Compensation Workbench allows them to assess information, report progress and identify issues in real time • Reduced compliance costs, increased service quality and lowered IT maintenance costs across the many divisions

  27. Customer Success ProfileCree Goes High Tech with Oracle HRMS • COMPANY OVERVIEW • Semiconductor Industry • $423 Million in Revenue • 1,700 employees • Based in Durham, North Carolina • CHALLENGES/OPPORTUNITIES • Transition users from call center dependency to self-service technology as the primary delivery method for HR support • Reduce the use of spreadsheets to update and maintain sensitive salary and performance data • Implement a corporate wide merit and stock options planning system with consistent processes • Reduce the duplication of effort associated with updating static information sources • Decrease dependency on instructor-led training as the primary training vehicle • Implement a learning solution to meet employee development requirements and extend benefit offerings via internet-based learning • ORACLE E-BUSINESS SUITE • Human Resources • Advanced Benefits • Self Service (including Compensation Workbench) • Learning Management • RESULTS • Reduced HR administrative tasks and improved the quality of employee data • Leveraged Oracle to consistently manage complex benefit plans and provided a professional open enrollment experience for users • Enabled remote learning, competency management and reporting in a single instance • Simplified salary, merit and stock awards through the flexibility and robustness of Compensation Workbench Source: Xcelicor February 2007

  28. Relocation Sign On Bonus Total Rewards Market Metrics & Statement Salary Reports Survey Analyze Plan Total Reward Evaluate Rewards Job Tuition Promotions Reimbursement Merit Increase Develop Advance Management By Objectives Benefits Step Increase Professional Credentials Demo Talent Planning Assess & Communicate Recruiting Succession Planning Performance Management Compensation Career Planning Learning & Development Benefits

  29. Total Compensation Statement

  30. Functional Overviews Compensation Workbench

  31. Functional Overviews Oracle Incentive Compensation