HRSOFT CASE STUDIES
Streamlining Complex Compensation Plans Is Our Specialty
Manage your enterprise’s compensation lifecycle and accurately recognize top performers with a digitized, integrated system. Keep employees invested and your HR team in control while preventing compensation chaos.
Turning Complex Challenges Into Superior Results
Time and time again, HRSoft has helped companies untangle chaotic compensation cycles. Here’s how.
Client Since: 2023
Product: Compensation Management Software
Industry: Financial Services
CHALLENGES
- Needed comprehensive dashboards for effective data monitoring and analysis.
KEY RESULTS
- Enhanced data accuracy and efficiency.
- Automated demographic and job file feeds to improve data accuracy and efficiency.
- Built enhanced reporting and analytics capabilities into the system.
- Improved Planning Screen views for a better user experience.
- The RAAS API reduced the need for manual data collection and entry, streamlining processes.
- The compensation project provided an opportunity for the client to clean and optimize their data in UKG.
Product: LTI Management Software
Industry: Manufacturing, Energy & Utilities
CHALLENGES
- Manual processing and tracking of highly valuable LTIP program for senior executives and key talent left the organization at risk and struggling to communicate the full value of awards.
- Time-consuming manual process of calculating annual incentives across seven independent businesses introduced a risk for errors and costly mistakes.
- Inability to drive change management across the family of business with manually independent compensation processes.
KEY RESULTS
- HRSoft’s LTIP Management and Bonus Management modules were configured to manage all seven business units within one platform with proper access rights for leaders and administrative staff.
- HRSoft’s seasoned compensation consultants learned the highly customized LTIP program and enabled its setup of unique rules and vesting schedules within the flexible framework of HRSoft’s platform.
- HRSoft’s employee portal gave employees year-round access to LTIP portfolio as well as What-If scenario modeling tool.
- Standardized incentive bonus calculation across all business units and reduced processing time for admin team.
- Improved employee engagement, understanding of LTIP program and the true value it provides to all eligible employees.
- Flexibility to evolve, adjust and update incentive and LTIP programs in the future.
- Consolidated reporting available in seconds as opposed to days or weeks.
Client since: 2021
Product: Compensation Management Software
Industry: Insurance Software
CHALLENGES
- Needed a compensation management solution to replace spreadsheets.
- Wanted to save time on developing, reviewing, modifying and distributing data.
KEY RESULTS
- Launched HRSoft’s compensation management software to provide data integrity and vastly reduce opportunities for errors.
- Generated a 2x ROI during the first bonus cycle for the hours and energy saved.
- Provided field teams with increased transparency and accessibility by making it possible to perform real-time changes and updates in the system.
Client since: 2020
Product: Compensation Lifecycle Management Software
Industry: Healthcare
CHALLENGES
- Needed a compensation lifecycle management solution to integrate with WorkDay for performance and merit planning.
KEY RESULTS
- Launched HRSoft’s compensation lifecycle management solution to make a one-stop shop for managers to plan their annual increases for their teammates.
- Empowered managers to view their entire teammate roster to assess performance and see who is eligible for a merit increase or inline promotion.
Client since: 2021
Product: Compensation Lifecycle Management Software
Industry: Pharmaceuticals
CHALLENGES
- Needed a new compensation lifecycle management solution to replace their sunsetted tool.
- Wanted a more flexible tool for customization and providing the right message to employees.
KEY RESULTS
- Launched HRSoft’s compensation lifecycle management solution to provide more customization options and a tailored employee message.
- Automated reporting so top-level leaders can see an overview of the planning and budget.
Client since: 2021
Product: Compensation Management Software
Industry: Critical Event Management Solutions
CHALLENGES
- Manual processing and tracking of the highly valuable LTIP program for senior executives and key talent left the organization at risk and made it difficult to communicate the full value of awards.
- The time-consuming manual process of calculating annual incentives across seven independent business units introduced a risk for errors and costly mistakes.
- Inability to drive change management across the family of businesses due to independently managed compensation processes.
KEY RESULTS
- HRSoft’s LTIP Management and Bonus Management modules were configured to manage all seven business units within one platform, ensuring proper access rights for leaders and administrative staff.
- HRSoft’s seasoned compensation consultants learned the highly customized LTIP program and successfully set up unique rules and vesting schedules within HRSoft’s flexible platform framework.
- The HRSoft employee portal provided year-round access to the LTIP portfolio, including a What-If scenario modeling tool for employees.
- Standardized incentive bonus calculations across all business units, reducing processing time for the admin team.
- Improved employee engagement and understanding of the LTIP program, with employees gaining a clearer picture of the program’s true value.
- Flexibility to evolve, adjust, and update incentive and LTIP programs in the future.
- Consolidated reporting now available in seconds, eliminating the delays of days or weeks previously required for reporting.
Client since: 2017
Product: Compensation Management Software
Industry: Financial Services
CHALLENGES
- Desire to pay employees based upon a full view of short and long-term total comp including salary, bonus and equity awards
- Needed process that could provide a proper view of pay that allowed for budget, decision support and manager flexibility
KEY RESULTS
- Launched HRSoft’s compensation management software in 2017, with terrific feedback from managers who can strategically reward individual employees with comp elements that make the most sense for each employee.
- Aiding in key employee retention by giving managers the flexibility to identify most motivating elements for each employee.
Product: Compensation Management Software
Industry: Insurance
CHALLENGES
- Managed compensation recommendations manually for 1,500 employees, which involved time-consuming procedures and inherent risks.
- Internal solutions exposed the company to security vulnerabilities that challenged the IT department to manage effectively.
- The two-person compensation team often experienced a “shutdown” period for all other projects and daily work during the compensation process, creating backlogs, stress and extended working hours.
KEY RESULTS
- Launched HRSoft’s compensation management software that met PMA’s standards and requirements for reliability and customer satisfaction.
- Competitive pricing within PMA’s budget provided good value for money.
- Maintained business timelines and met operational goals through timely services and on-schedule delivery.
- Managers could access and review team compensation recommendations securely and efficiently.
- HRSoft’s team was responsive and offered insightful guidance. Scheduled meetings and accountability kept the project on track, with working sessions helping to complete checklist items efficiently.
- Increased productivity and efficiency through the automation of repetitive tasks and streamlined workflows.
- HRSoft’s advanced data management and analytics improved budget management and strategic decision-making.
- The user-friendly interface and enhanced functionality led to higher user satisfaction and smoother interactions with the software.
- Managers praised the ease of use and access to approved merit compensation data and notes.
- The compensation team could focus on other initiatives, eliminating backlog and the need for a “shutdown” period.
See What Our Clients Have To Say
There’s no better way to learn about our clients’ experiences with our compensation lifecycle solutions than from their own words. That’s why we invite you to explore our client testimonials.