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Compensation management leads to employee satisfaction

Software services
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Breaking news from ihotdesk, the home of IT outsourcing in London:
Automating and integrating compensation systems lead to increased employee satisfaction, according to a study.

Category SME IT
28 May 2008
Automating and integrating compensation systems lead to increased employee satisfaction, according to a study.

Research carried out by technology adviser Aberdeen Group highlights the ways in which compensation management strategies can be used to improve business performance and workforce retention.

The survey found that 87 per cent of organisations achieving Aberdeen's 'best-in-class' status have partially or fully integrated their total compensation data collection and this has led to 90 per cent of these companies seeing increase in revenue per employee.

Sue Lingard, marketing director of Cezanne Software, which sponsored the research, said: "The greatest gains are where organisations automate the process of collecting compensation data and integrate compensation management with other workforce management applications.

"Companies are increasingly looking for compensation software solutions that streamline the compensation planning and management process across all of their employees."

She added that businesses are also aiming to integrate functionality for performance, talent management and core HR administration.

Last week, a study carried out by IT security provider Proofpoint concluded that UK companies currently find they are increasingly being exposed to a wide variety of data-loss risks associated with email and other communication streams.

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