Jacksonville, Fl (PRWEB) March 19, 2009
HCR Software, the low cost leader of flexible compensation management software, today announced that UNIFI Companies (UNIFI), a family of insurance and financial services companies, selected HCR Software’s product CompensationXL to handle their salary planning and incentive management processes. CompensationXL provides a comprehensive and flexible on-demand solution for managing salary increases within a budget and also has robust functionality for improving the linkage between pay and performance based on performance ratings and/or key performance indicators.
The UNIFI compensation department coordinates and manages both the merit process and the short term incentive program manually and spent significant amounts of time conducting quality control audits to ensure budget compliance and data accuracy for over 150 budget groups. They decided to conduct a thorough review of their options for automating the compensation processes including review of competitive software vendors as well as considering an in-house custom IT project.
Ultimately, it was the flexible functionality, value, and ease of use of the software as a service provided by CompensationXL that led UNIFI to choose HCR Software. Dennis Luchey, UNIFI Human Resources Vice President, said “We are excited about implementing CompensationXL and we anticipate significant benefits from the use of the software. We will reduce the amount of time we spend on administration and data inspection and we will shift our time to more strategic tasks like consulting with managers and improving pay structures and incentive plans.” UNIFI joins other financial service brands such as Natixis, Loomis Sayles, and Oppenheimer Funds which have chosen HCR Software to deliver process efficiencies, increased productivity, and stronger pay-for-performance capabilities.
About the UNIFI Companies
UNIFI Companies—Ameritas Life, Acacia Life, Union Central Life and their affiliated companies—offers a wide range of insurance and financial products and services to individuals, families and businesses. These products and services include life insurance; annuities; individual disability insurance; group dental, eye care and hearing care insurance; retirement plans; investments; mutual funds; banking and public finance. For more information, visit UNIFI Companies’ web site at http://www.UNIFIcompanies.com.
About HCR Software
HCR Software, based in Jacksonville, FL automates the pay-for-performance strategies of medium to large organizations. HCR’s revolutionary approach, which focuses on quick implementation, flexible configuration options, and radical ease of use results in rapid user adoption and fast full return on investment, has been embraced by leading companies such as HBO, Wendy's, Panasonic, Ricoh, and Sealed Air.
This press release was distributed through eMediawire by Human Resources Marketer (HR Marketer: http://www.HRmarketer.com) on behalf of the company listed above.