PeopleFluent Announces Enhancements to Compensation Management Solution
Updates to Compensation Products in Talent Management Suite Elicit Better Decision Making and Insight into Performance
Waltham, MA – July 29, 2015 – PeopleFluent®, a leading cloud provider of social human capital management software, today announced strategic enhancements to its Talent Management Software Suite, including significant updates to its Compensation Management software. Based on an increased need for real-time access to data, the enriched PeopleFluent Talent Management Suite includes an interactive user experience with personalized dashboards, extended data integration across the suite, and newly added reporting capabilities, enabling organizations to efficiently communicate and engage with their workforce.
“Compensation’s role is continually changing in today’s corporate environment and it is important that organizations remain competitive to entice and engage employees,” said Jim Bowley, vice president of product management, PeopleFluent. “With an upgraded dashboard that provides greater visibility into compensation and performance data, managers are able to make more informed decisions and give employees a comprehensive view into how performance impacts or influences financial rewards.”
PeopleFluent’s Compensation Management software helps organizations use compensation to attract, retain and motivate employees to achieve business outcomes. The solution dramatically reduces the time and effort required to manage salary planning, incentive planning, stock rewards, compensation plan configuration and rewards communications. Key highlights to the updated Compensation Management software include:
- Pay for Performance: To properly incentivize, reward and retain the best employees, new functionality clearly evaluates the use of compensation rewards based upon performance scores on one, easy-to-use dashboard, allowing managers to make more appropriate decisions on how to distribute rewards and ensure top performers are identified and compensated accordingly. The interactive user interface also empowers managers to more effectively communicate with employees, having consistent touchpoints to enable education and collaboration.
- Compensation Command Center: New administrator monitoring functionality assists in real-time evaluation of the quality and alignment of managers rewards decisions with the company’s compensation philosophy and guidance. The functionality allows administrators to quickly identify where conflicts in the compensation philosophy lie, review details, take action or guide managers to the appropriate resolution. Additionally these new enhancements allow administrators to detail out the flow of funds by different data elements and review the overall progress of the rewards cycle.
- Real-Time Performance Ratings Integration with Compensation: This new feature allows compensation management to take performance-rating changes, or any changes related to performance appraisals as they happen. This allows for tighter integration within the talent management suite, while decreasing the time spent on performance reviews and compensation reward cycles.
Additional information about PeopleFluent’s compensation capabilities and these new enhancements can be found by visiting the company’s website.
PeopleFluent, the leading total workforce HCM technology company, redefines Talent Management with an innovative Talent Engagement Cloud that is built around people and not HR processes. By deeply integrating pervasive video, strategic analytics and collaborative social technologies into its complete suite of Talent Management applications, PeopleFluent redefines employee engagement to address productivity loss and diminished financial results due to an increasingly disengaged workforce. With PeopleFluent, companies can change at the speed of business without costly IT interventions through intuitive, highly configurable software that is built upon the right data. Spanning across an organization’s entire global workforce with one talent cloud, PeopleFluent equips leaders with the meaningful talent data and strategic analytics necessary to make better business decisions.
PeopleFluent has worked with over 5,100 organizations in 214 countries and territories to engage employees to drive better business results. Today, 80 percent of the Fortune 100 relies on PeopleFluent as part of their talent management delivery strategy, helping them successfully achieve their talent aspirations.
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