While BALANCEpay has always provided guidance to help companies react to pay discrepancy issues, Compensation Designer now allows them to act proactively, building a compensation system that is fully defensible against such claims.
Columbia, MD (PRWEB) August 16, 2007
Berkshire introduces its Compensation Designer, the latest enhancement to its BALANCEpay salary equity software. BALANCEpay with Compensation Designer is the only software on the market that allows companies to establish and assign value to compensable factors determined by the company, providing the framework needed for sound and consistent pay practices.
BALANCEpay with Compensation Designer allows you to:
- Establish an unlimited number of factors for pay to fully reflect how your company determines pay—factors can be based on any data you can provide to the system
- Create a variety of factors to handle different methods in determining how a factor contributes to pay (dollar amounts, percentage based) and for how the factor assigns the compensation (computed, selected from a list)
- Setup factors on any group defined in your data set such as job families or grades, or for more granular control, by job title
BALANCEpay with Compensation Designer also makes running complicated salary equity analyses convenient and cost effective. This saves companies time and money, and reduces the risk of pay-related lawsuits and claims. Karl Hester, Senior Manager of Product Development states, "While BALANCEpay has always provided guidance to help companies react to pay discrepancy issues, Compensation Designer now allows them to act proactively, building a compensation system that is fully defensible against such claims."
Berkshire Associates Inc. is a progressive human resources consulting and software development firm, specializing in affirmative action and internal compensation analyses. For over 24 years, Berkshire has been committed to helping companies find cost-effective solutions to everyday human resources challenges. We offer outsourcing and software solutions to meet the needs of any size company.
This press release was distributed through eMediawire by Human Resources Marketer (HR Marketer: http://www.HRmarketer.com) on behalf of the company listed above.