Total Compensation Management: The Cornerstone of Talent and Workforce Performance Management
ARLINGTON, Va. (PRWEB) May 27, 2008
According to Ventana Research, total compensation management is a required foundation to advance the basics of talent management and to fully optimize the investment in a workforce. However, according to Ventana Research's new benchmark research, "Total Compensation Management: The Cornerstone of Talent and Workforce Performance Management," while more than two-thirds of respondents recognize the importance of using total compensation management solutions compared to piecemeal approaches, only 40 percent of participants are confident in the effectiveness of their current approaches to compensation management.
Human resource and finance departments have come to understand the need to manage employee compensation more effectively, and that organizations are increasingly using compensation management solutions to improve how they monitor and plan compensation and to ensure its alignment with overall goals and objectives. Organizations that intend to acquire tools that can help them do this must first make a compelling case for the investment. Shaping the business case appropriately requires an understanding of organizational needs and priorities and clear articulation of how investment in compensation management solutions can address those needs and priorities.
This Webinar will look at the synergistic relationship between compensation management and other critical HR processes, including performance management. Presenters and participants will discuss the role compensation plays in retaining high performers, driving performance and effectively managing talent. Attendees will also have an opportunity to submit questions during the Webinar. Attendees will learn:
The nature of the compensation management dilemma, and finding the right solution; What an investment in a dedicated compensation management system can provide; Why waiting could impact value and your workforce; What a business case for modern compensation management should include; and How organizations today are aligning compensation management with strategic goals and objectives to advance their overall talent management strategy WHO: Mark Smith, EVP Research, Ventana Research
WHAT: Best Practices in Establishing a Business Case for Compensation Management
WHEN: Thursday, May 29, 2008; 12:00 PM EDT
WHERE: Register online at http://plateau.com/forms/Q108_ventana_webinar_homepage_0505.html.
For more information on Plateau, visit http://www.plateau.com.
Plateau is a leading provider of talent management software, content and services designed to increase workforce productivity and drive business success. Plateau's award-winning software is powering talent management initiatives across some of the world's most successful organizations, including the American Red Cross, General Electric, the Internal Revenue Service, Capital One Services and the National Aeronautics and Space Administration (NASA). Industry analysts at Bersin and other leading information and technology research and advisory firms continue to recognize Plateau's leadership in delivering best-in-class functionality, technology and customer satisfaction. Plateau is headquartered in an Eco-friendly, LEED certified building in Arlington, Virginia and has offices across the United States, Europe and Asia Pacific. For more information, please visit http://www.Plateau.com.