Salary Management

The Challenge

Employee compensation is one of the largest – if not the largest – expenses that an enterprise incurs. Salary managers must develop, implement and manage compensation programs that meet their organization’s competitive needs. The systems that support these programs must meet stringent requirements as well. In today’s “do more with less” IT world, salary management solutions must offer the latest functionality, integrate with the organization’s existing IT infrastructure, offer virtually limitless configuration options, and be easily modified to meet any organization’s changing needs and growth.

The Salary Management Software Solution

The LiveApp Solution for Salary Management delivers the capabilities that are essential to managing compensation expenses. You can plan, model, measure and monitor human capital relationships all with one easy-to-install and easy-to-modify software solution.
Individual plans are automatically rolled up in Salary Management, giving compensation managers and approving managers access to summary data and program status at any time. You gain real-time visibility into data that drives decision-making processes. This is especially critical when companies need to respond quickly to workforce change situations, such as a merger or acquisition. Customizable reports provide easy, convenient reviews of plan status, budgets and spending variances.

Whether your organization chooses a top down or bottom up approach to budgeting, the solution enables you to assemble user-defined merit guidelines, integrate market data and performance rating, and model and manage the full compensation planning and management lifecycle.

As with all LiveApp Solutions, Salary Management extends your existing infrastructure. You can leverage investments in HR applications from vendors like PeopleSoft, J.D. Edwards and SAP to bring new levels of reliability and accountability to managing the value of your workforce. And as your organization grows, the solution grows with you. Acquisitions? Mergers? Rolling out an entirely new executive compensation plan? Our solution can handle it – and even better, 80 percent of modifications to the solution can be through an administrative interface by business users rather than IT staff.