Challenge at hand
The company did not have a reliable system for compensation management and relied on Microsoft Excel and email for the entire exercise. It led to several challenges:
Compensation Calculation - HR guidelines and policies vary from country to country, depending upon regulation, which affected the compensation calculations. It had to be updated manually.
Workload spikes – The HR team struggled to keep up with multiple emails and manual updates on MS Excel between December and March each year.
Multiple stakeholders – Compensation management involves several stakeholders, and they exchanged a vast number of emails. Concluding the final compensation structure was time-consuming, people-dependent, and caused delays.
Lack of transparency and access to information – The senior leadership could not get information quickly on budget allocation, money disbursement, and other details for their regions.
The TechVariable Solution
TechVariable built a one-stop, automated solution to make compensation management fast, smooth, and seamless.
Our technical team worked closely with the client’s team onsite between October 2019 and January 2020 to gather requirements. There were two aspects, technical and business, to consider.
On the other hand, the business process is highly complicated. Our team developed a deep understanding of the business logic behind calculating bonuses, perks, and salaries across different business units, regions, and hierarchies and incorporating them into the solution.
After multiple discussions with the global HR head, technology leads, business analysts, and other leaders, we divided the compensation system into two buckets:
a) Primary Salary: This is a fixed, annual salary increment.
b) Performance Bonus: An increment based on the performance of the employee and the organization.
Integration with the Workday ERP system
Extracted data from Workday for further progression.
Performance bonus planning & management
A part of the portal dedicated to bonus, commission, and allowance management.
Primary salary planning & management
A part of the portal that manages employees’ salaries.
Compensation letter generation & intimation
A compensation letter in a prescribed format is automatically generated and sent in an email to an employee after each compensation cycle..
After successfully deploying the above modules, the client has now expanded the scope of work for TechVariable. The team is currently gathering requirements for additional modules for compensation management.
Need a custom software application for your buisness?
We at TechVarible do acknowledge that one size will not fit all. Hence, we work in collaboration with you to identidy, analyze & then develop a solution that fulfils your needs.
Either we will define the functional scope of your project to estimate the timeline and budget or you can create your own agile team from among our recources.
High level design architecture
Employee Performance Management System
Angular, JAVA (Springboot)
Media Aggregation and Analytics Platform
Angular, JAVA (Springboot), Angular.js, AWS, Elastic Search, j, Neo4, Node.js, Python,
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