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.

 

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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.
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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.
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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.
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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.
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Client since: 2020

Product: Pay for Performance Solution

Industry: Medical Technology

CHALLENGES

  • Needed a long-term performance management solution that could integrate with ADP Workforce Now Payroll® to enhance its merit performance management process.
  • Wanted to automate the process of sharing data between the payroll and performance management systems to save time and money.
  • Required a solution that could support multiple languages.
  • Looked to recognize employees who brought value to making their mission of improving the quality of life for people living with diabetes.

KEY RESULTS

  • Launched HRSoft’s pay for performance software with ADP Workforce Now Payroll® integration in 2021, which handled the complexities of pay for performance integrated with the HCM and payroll.
  • Automatically shared employee data between HRSoft and ADP systems, saving time and hard dollars.
  • Provided a performance management solution that supported the languages of LifeScan’s global employees.
  • Empowered LifeScan managers to do what they need to get done, from annual performance reviews to other interactions. LifeScan received positive feedback from both manager-level users and employees.
everbridge

Client since: 2021

Product: Compensation Management Software

Industry: Critical Event Management Solutions

CHALLENGES

  • Needed a scalable compensation management solution that could integrate with UKG Pro™ to replace massive excel workbooks and manual entry.
  • Required a solution for providing currency conversion, configurable structure and hierarchy for a matrixed organization, real-time collaboration and versioning.
  • Desired to improve employee records, version control, access management and collaboration.

KEY RESULTS

  • Needed a scalable compensation management solution that could integrate with UKG Pro™ to replace massive excel workbooks and manual entry.
  • Required a solution for providing currency conversion, configurable structure and hierarchy for a matrixed organization, real-time collaboration and versioning.
  • Desired to improve employee records, version control, access management and collaboration.
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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.

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.