WorldatWork Conference, New Orleans, LA, May 23, 2005 – Today, Nuvosoft®, Inc. announces that Nintendo of America Inc. has chosen Rcomp®, its proven automated compensation planning software, for all of its US employees. Rcomp is a secure, Web-based compensation planning product with an executive dashboard and a fully integrated reporting tool offering compensation departments and managers real-time access to information that enables companies to use compensation as a strategic process to drive better corporate decision making.
Like many companies, Nintendo used a cumbersome, spreadsheet-driven compensation planning process for their employee compensation and bonus programs. With Rcomp they have streamlined their entire program, adding automated checks and balances and eliminating the paper-based system that took weeks to create and manage.
“There are so many pluses in the new system for us,” said Jill Vaslow, HR Manager at Nintendo. “It is much easier for us to input our compensation rules into the Rcomp system and it will be much easier for us to manage the process over our six week compensation period.”
Prior to using Rcomp, Nintendo’s HR staff would construct 180 password-protected spreadsheets for their management staff. These spreadsheets would be reviewed and passed upwards to other managers for review and then sixty spreadsheets would be returned to HR six weeks later for final processing. During this time, there would be new hires, terminations and promotions. With the past spreadsheet-driven system, this process was time consuming and inefficient.
With Rcomp, the same 180 managers input their recommendations and the same 60 managers are asked to approve the work. This is done online, and HR can “see” where the process is at any time. “This allows us to check in with a manager and offer assistance,” said Vaslow. “Also, because Rcomp contains all of our compensation rules, when a promotion is entered, HR is notified immediately so we can market-price the position. Previously, we wouldn’t receive this information until the spreadsheet was sent back to HR after its final approval. But, with Rcomp, once the promotion is approved, we can price the job, add the information to the system, and the new salary information can be part of the final approval process.”
“The level of sophisticated information that my managers and executives have in hand to make better decisions makes my job easier,” said Vaslow. “We knew that this new system would save time and improve accuracy for both Compensation and Management. We have found that it also gives us the tools to improve the quality of our compensation program.”
More About Rcomp
For managers, Rcomp provides access to the information necessary to make the best possible recommendations for salary increases and short-term and long-term incentive awards including support for multiple currencies.
With the ability to access this information quickly and easily, companies can involve more managers in compensation planning, which, in turn, improves internal customer satisfaction.
SecurityThrough a password protected, role-based security system, managers can view only the employees that directly or indirectly report to them.
This is handled through a progressive lockout function that secures the worksheets as they are submitted to higher levels of management.
While Compensation is able to view all the employee recommendations, Rcomp’s security is designed to provide secured proxy access to HR and Finance executives, HR Managers and other appropriate executives.
This proxy-level security ensures an employee’s privacy while providing information to the appropriate executive staff.
Reporting Structure Before recommendations are entered, Rcomp facilitates a clean reporting structure.
Using Rcomp, managers note who is reporting to them and who is not.
Human Resources and Compensation are then able to correct the employee lists so that when the recommendation process begins, managers have only their employees to consider.
This process takes care of any ‘orphan’ or un-assigned employees.
Rcomp also automates the printing of employee rewards.
Complex Incentive Plans
Rcomp offers flexibility in its configuration settings to make it easy for Compensation to plan and control complex incentive plans. For example, each compensation plan within a company has its own set of rules and Rcomp is easily configured to dynamically support these rules whether based on performance ratings, ratings within quartiles, or general ranges across compensation plans. This allows Compensation to customize the planning process to assist managers while maintaining compensation equity.
Executive Reporting Features
An Executive Dashboard presents real-time compensation benchmark information in an intuitive graphical interface.
For a President, CEO or VP, this tool provides the ability to quickly view a compensation analysis of recommendations against budget, examine the distributions of performance ratings across the company, division, or business unit, see the status of different managers, or other types of compensation information either alone or by comparison.
The Executive Dashboard, like the entire Rcomp application is dynamic, capable of rolling up totals at any reporting level within the organization in real-time.
Rwiz® Reporting Tool Fully Integrated Nuvosoft’s powerful Rwiz reporting tool is fully integrated into Rcomp enabling Compensation to create reports that can be published to the Web and run by managers, HR managers, and Compensation.
By publishing these reports on the Web, the management team can run, sort, recall results from a previous run and display reports by categories.
In viewing reports, users can filter a report, hide a field, or sort on a different column.
With the visualization and graphics features of Rwiz, Compensation and HRIS are able to provide customers with a quick understanding of data by delivering reports that are easily manipulated by the end user into their preferred presentation method.
For more information about Rcompcontact Gin O’Leary at Nuvosoft at 877-525-2010 or gin_oleary[at]nuvosoft.com.
About NintendoNintendo of America Inc. is the wholly owned subsidiary of Nintendo Co., Ltd., the parent co. Nintendo Co., Ltd. is located in Kyoto, Japan where Nintendo has done business for nearly 100 years.
About Nuvosoft
Nuvosoft’s HR functional experts and software architects implement technology that streamlines business processes to improve a company’s operations and positively impact its bottom line. Through its Rwiz, Rcomp and Rbenefits® products, and consulting engagements, Nuvosoft customers are empowered to derive the maximum information and benefits from their HR systems.
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