so we decided to share some of the compensation tools we have developed over the years.
San Francisco, CA (PRWEB) September 25, 2008
Since its inception, Presidio Pay Advisors has developed various tools to help its consultants more efficiently and effectively design compensation structures for companies of all sizes. In response to growing requests from clients to provide hands-on compensation administration assistance, the San Francisco compensation consulting firm plans to release several proprietary diagnostic tools that are instrumental in helping clients identify issues and streamline in-house compensation analyses. The first tool to be released -- Salary GPS -- is a diagnostic model that determines an employee's pay position within a salary structure to help Human Resources professionals identify departmental and position-specific issues.
Many small companies purchase Human Resources software to automate their recruiting and performance management processes, but most solutions do not have compensation management functionality or require a separate add-on purchase to integrate the HRIS and compensation systems. "I can't tell you how many companies we see managing their compensation plans in Excel and struggling to automate what have become very labor intensive manual processes," said Brooke Green, a Principal at Presidio Pay Advisors. "Around the end of the year, most of our clients are completely overwhelmed trying to prepare for the annual salary review process without good analytical tools at their disposal," Green continues, "so we decided to share some of the compensation tools we have developed over the years."
The firm believes utilizing Salary GPS will enable companies to maximize their existing salary structures and help Human Resources professionals enhance their position as strategic partners to senior management.
Salary GPS is particularly useful for:
- Fiscal year-end budget planning
- Preparing for performance evaluations and merit increases
- Assessing individual manager salary management and hiring practices
- Identifying salary compression issues
- Talent management planning to highlight top performers who may be undervalued
Presidio Pay Advisors is a San Francisco-based compensation consulting firm that provides companies and their boards of directors with independent compensation consulting services covering executives, broad-based employees, sales forces and specialty business units. The firm combines years of traditional consulting experience with practical knowledge and close working relationships, providing clients with valuable insight into a broad range of compensation issues. You can find Salary GPS and other compensation tools on their website at http://www.presidiopay.com.
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