Montreal, Canada - October 12th, 2006 - Technomedia Training Inc., an
industry leader in Web-based human capital development solutions, today
announced the launch of its Compensation Planning module. Compensation
Planning is the latest functionality that effectively complements the TM
SIGAL talent management suite and allows organizations to manage, allocate
and distribute merit-based compensation adjustments to employees.
TM SIGAL Compensation Planning is a secure, simple to use solution which
enables managers to efficiently plan employee salary adjustments and/or
bonus recommendations based on performance evaluation results as well as an
enterprise´s policies - all through an intuitive and easy-to-use Web
interface. Compensation Planning offers the following features:
- Ability to manage compensation allocation based on factors and criteria
including job level and performance ratings
- Control compensation allocation in compliance with an enterprise´s
policies
- Provide analytical models to review individual employees´ allocation and
their impacts relative to a business unit budget
- Oversee that management´s recommendations are in line with individual
employee performance results
- Encourage real-time communication between managers at all levels who are
involved in the compensation planning process, and achieve timely consensus
through Human Resources monitoring
- Provide consolidated management reports, on a timely basis
- Export final recommendations to the enterprise´s payroll system with
security and auditing capabilities, as well as a choice of interfaces.
By using TM SIGAL Compensation Planning, enterprises can derive the
following benefits:
- The opportunity to empower managers with important financial decisions and
to simplify compensation plan setup while providing increased control,
flexibility and collaboration
- Eliminate labour-intensive and error-prone spreadsheet distribution,
collection and reconciliation, and save the teams´ time
- Streamline improve the management of the compensation planning cycle and
approval process
- Contain and control access to enterprise´s payroll and back-office systems
only to specialists.
"Technomedia wants to leverage the wealth of performance-related data
captured in TM SIGAL Performance Management and provide our clients with an
additional tool to improve their human capital management. Our primary focus
in creating the TM SIGAL Compensation Planning module is to enable managers
to directly and efficiently allocate performance-based bonuses and salary
adjustments to deserving employees in an objective manner that respects the
organization´s budget and compensation policies in effect within the
enterprise." said Alain Latry, Technomedia´s CEO.
About Technomedia
Technomedia Training Inc. offers Web-based solutions for talent management
and human capital development in partnership with Bell Canada. Technomedia's
TM SIGAL modular and parameter-driven application platform allows
organizations to optimize and integrate the management of competencies,
performance, succession and talent, recruitment and careers, as well as
knowledge and learning, all in a single Web-based application. Founded in
1996, Technomedia is headquartered in Montreal and has offices in Toronto,
Paris and Chicago. Technomedia's international client base includes more
than 50 large organizations based in North America and Europe. Website:
http://www.technomedia.ca
For more information:
Public Relations
Jennifer Stein
Temple Scott Associates
jstein[at]tsa.ca
+1 416-360-6183 ext. 238
Source
Anca Ivanov
Technomedia Training Inc.
anca.ivanov[at]technomedia.ca
+1 514-287-1561, ext. 303