For organizations that now manage employee compensation manually with an antiquated spread-sheet process or with siloed and isolated automated technology, TEDS Compensation Manager will be an instant and quantum improvement in accuracy, consistency, and time-savings
Atkins, VA (PRWEB) October 13, 2008
TEDS®, Inc., originator of the fully integrated enterprise-wide Talent Management solution, announced today the release of the newest module in their comprehensive suite of Talent Management tools.
TEDS Compensation Manager leverages data from all TEDS Talent Management modules to automate and streamline an organization’s employee compensation planning and decision-making. Now, compensation management becomes a key strategic process linked to competencies, learning, and performance. This capability enables companies to gain a significant competitive advantage in the marketplace through retention and motivation of its key employees at all levels within the organization.
Intelligent compensation practices are critical to employee motivation, performance, morale and retention, but are often cumbersome and time-consuming. TEDS Compensation Manager automates this process and ensures rapid and timely distribution of compensation adjustments and other rewards to deserving employees.
TEDS Compensation Manager enables an organization to make decisions based on employees’ assessments, competency strengths, goal completions, supervisor evaluations, salary bands, and even flight risks. By linking pay-for-performance to all compensation, including salary adjustments, merit increases and bonuses, an organization’s largest and most important investment – its human capital – can deliver maximum return. The consistent management of compensation throughout the employee life cycle, aided by TEDS’ sophisticated but easy-to-use analytics, engenders employee trust and satisfaction.
“For organizations that now manage employee compensation manually with an antiquated spread-sheet process or with siloed and isolated automated technology, TEDS Compensation Manager will be an instant and quantum improvement in accuracy, consistency, and time-savings,” said Lynda Helton, TEDS Vice-President for Product Development. “The benefits are dramatic as compensation becomes aligned with business goals throughout the organization.”
The latest enhanced version of TEDS Compensation Manager will be available in January, 2009 and will be shipped to current TEDS Talent Management customers within the TEDS Suite V 9.0 in Q1, ‘09.
TEDS®, Inc. offers the only organic and comprehensive enterprise-wide talent management solution that includes the management of competencies, learning, performance, compliance, recruiting, succession, and compensation. Employing a single platform, TEDS strategically aligns business objectives with all facets of the talent lifecycle. TEDS products and services are deployed at some of the world's largest organizations and are available individually, in any combination, or as a comprehensive solution. For more information, visit http://www.teds.com or call TEDS Sales at 276.782.7206.
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