SOURCE: Peoplefluent

Peoplefluent

October 04, 2011 12:30 ET

Peoplefluent Delivers Latest Compensation Product

Integral Part of "Fluency on the Move" Suite Helps Companies Support Year-Round Budgeting and Rewards

RALEIGH, NC and WALTHAM, MA--(Marketwire - Oct 4, 2011) - Peoplefluent™, offering a unique combination of best-of-breed mobile and SaaS suite solutions for Talent Management, Vendor Management and Workforce Compliance and Diversity, today announced the latest version of its Compensation Fluency offering. As a leader in compensation solutions for more than a decade, Peoplefluent's Compensation 10.15 supports the shift of the annual compensation planning cycle to a year-round event that helps effectively recognize and reward talent.

Mark Smith, CEO and Chief Research Officer of Ventana Research Group, joined Peoplefluent for a webcast on Compensation Best Practices last week [to hear the webcast, please use the following link]. Commenting on the company's latest Compensation product release, Smith said, "Fulfilling on total compensation management requires year-round incentives and rewards that provide the opportunity to maximize productivity and performance. It also fundamentally changes how organizations can enable managers with the budget and accountability to use rewards proactively within the business to recognize top performance to motivate and retain the best people. Peoplefluent's latest 10.15 release provides managers and organizations the flexibility in rewards and reporting to the off-cycle planning needed to engage workers effectively."

Organizations need a compensation solution that supports the proactive investment in top-talent and high potentials to ensure engagement and productivity. Peoplefluent's Compensation solution lets organizations invest the right amounts in the right people in a manner that reflects the mission-critical nature of proper talent management. Investing rewards budgets in deserving people over the course of a year versus within the confines of a planning cycle also means that financial resources are available to design and implement strategic programs that help retain and motivate the best people when those investments matter most. Peoplefluent's product capabilities focus on "pivotal rewards moments" in the employee lifecycle, including promotions, retention and immediate recognition.

The enhancements in version 10.15 include:

  • Year-round "off-cycle" planning tools: off-cycle base pay and promotion increases; mid-year promotions; budget pool tracking; advanced workflow routing; and consolidated reporting
  • New process administration tools: process hierarchy validation; batch processing performance improvements; plan statistics reports; data management tools; and stop-process options
  • Manager worksheets: calculation detail user enhancements; worksheet selection lists; worksheet name columns; isolated label and visibility settings; hard-stop alert dialogs; downstream workflow and change notification emails
  • Reporting improvements: report options illustrating year-round budget details, including comparison of reward amounts invested versus those remaining; and manager-generated individual statements reflecting individual rewards.

Historically, compensation planning has been an annual event that is conducted by HR and department managers. Once relegated to cumbersome spreadsheets, solutions such as Peoplefluent's SaaS-based Compensation solution facilitate an enterprise-wide collaborative compensation process. With the release of version 10.15, Peoplefluent further defines the category, raising the bar on compensation by enabling managers to recommend salary increases to a given employee at any point during the year for a variety of reasons. The application includes decision assistance, workflow and process guidance and highly visual planning tools to help managers make the right reward conclusions. By having a year-round budget focus, the total compensation budget can be balanced throughout the year to diminish unexpected budget overruns.

Ronnie Thomson, SVP of Engineering for Peoplefluent, said, "Top performance happens every day and the people who achieve this excellence deserve appropriate recognition in the form or appropriate rewards. The built-in intelligence in Peoplefluent Compensation Fluency helps managers make good people investment decisions. Version 10.15 helps organizations retain talented people who deliver top results -- and would be difficult to replace -- while communicating and reinforcing important behaviors to engage top performers. Part of our user-friendly Fluency on the Move suite, Peoplefluent Compensation 10.15 includes visually rich forms widgets such as a salary slider, workflow state and budget impact. It's another excellent example of our company's commitment to delivering the deep functionality that our clients desire combined with a contemporary user interface that doesn't require extensive training or thwart rapid adoption of the application."

Available in a SaaS-based delivery model or for the iPad®, more information about Peoplefluent Compensation Fluency can be accessed here.

About Peoplefluent

Peoplefluent is transforming Talent Management through best-of-breed technology and expertise. With a deep focus on business intelligence and analytics, the Company's mobile and SaaS technology gives clients the actionable insight required to make strategic decisions that drive better business results. Nearly 80 percent of the Fortune 100 use Peoplefluent Talent Management, Vendor Management and Workforce Compliance and Diversity solutions to manage salaried, hourly and contingent labor across their organization. These solutions manage the entire talent lifecycle from recruiting to onboarding and through the ongoing management of each person's career while helping organizations measure, analyze and empower their existing workforce. The Company's solutions currently support more than 4,400 organizations ranging in size from large, global corporations to small and medium-sized businesses, and it is used by more than 5 million users in 214 countries and territories around the world.