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1、Data Management in Hay PayNetand How do Hay manage the compensationTom HallidayBrian WeissThe 1998 PayNet User GroupThe first with flexible online database access!The 2003 PayNet User GroupHow can we best partnerwith you to solve yourbusiness challenges?Its amazing what a difference 5 years makesTwo
2、 of Our Key Global ObjectivesAre easy to work with!Provide integrated solutions!Why?While Maintaining our quality and scope of data, we want to make sure we:Our Clients Have Varying NeedsPrepare changes in long term reward policycommunicate local market practice to HQfast decisions in context of hir
3、e/firereality check pay request of key employeesannual health check up of pay practiceevaluate internal equity (emotional reward)diagnose market competitivenesstranslate company strategy in supporting comp&ben toolsalert management team on market trends that could affect cost base of employmentHR as
4、 strategic partner in business decisions(cost) control annual pay billprepare realistic remuneration budgetsupdate existing (international) pay gradesreliable job descriptions for market pricingdevelopment of state of the art benefit packagesin-depth analysis of current pay practicecost projectionsr
5、eliable market information for negotiations.Our Clients Have Varying Needs (contd)Information needsEach company, each HR manager has its own distinct information needsThe challenge is to create one database that delivers outputs that meet the many information needs of different profiles of “usersCom
6、pany DataMarket DataFullPicturePayNet Supporting Our StrategyCompany DataMarket DataFull PictureDATABASEPayNet Supporting Our StrategyData Management in Hay PayNetThe power and capability of PayNet is increasing!Instead of just accessing market data through PayNet, you can now compare this data to y
7、our own salary practice.Data submission to Hay Group databases is now easier than ever before.OverviewThe four generations of Hay PayNetInteractive market databases design and run your own analyses (1997).Report viewing tool view and manipulate standard analyses and commentary (2000).Add your own da
8、ta to our databases (2002).Compare your data to Hay Group market data (2002).Data SubmissionSearching & MatchingMarket ComparisonsData submission A summaryData submission quicker and easier than ever before.Once mapping achieved it is held on the systemFrom a query of your payroll system to a comple
9、ted Hay data submission in a few easy steps.Update your data quickly and easily when it changes.Access all of your data for market comparisons.Questionnaires can also be completed online.Data SubmissionSearching & MatchingMarket ComparisonsSearching and Matching A summaryRetrieve your jobs at a divi
10、sional, functional or individual job level.Use your search result to job match, update data or conduct market comparisonMatching your jobs into the Hay job model allows you to accurately benchmark jobs within your organisationData SubmissionSearching & MatchingMarket ComparisonsData comparison A sum
11、maryThe salary data that you submit to Hay is held in PayNet for 24/7 access.PayNet already provided market data:Interactive DatabasesFixed ReportsYou can now compare your salaries to market data within PayNet . Either market data we can provide as well as markets you run yourselves.Generate compari
12、son reports at:Job-by-job level, entire organisation level, or anything in betweenAny further Questions? Thank you for your time.Please pick up a DMT consultation form on your way out.Next:Workshop 4 Starts at 2.40pmHow do you find your next Workshop?The session you chose will be indicated on your personalised agenda handed on arrival.The room is also indicated on the sheet. Please feel free to ask any member Hay Group f
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