RALEIGH, NC and WALTHAM, MA--(Marketwire - May 23, 2011) - Peopleclick Authoria, offering a unique combination of best-of-breed suite solutions for Talent Management, Vendor Management and Workforce Compliance and Diversity, today announced details of the latest release of Peopleclick Authoria Compensation. Building on more than a decade of experience in providing compensation management capabilities, Peopleclick Authoria Compensation version 10.14 gives organizations more flexibility than ever before to build and manage complex salary, incentive and stock plans.
Building on existing connections between compensation and performance in its integrated talent management system, Peopleclick Authoria Compensation version 10.14 drives employee engagement by improving the pay-for-performance conversations between managers and employees. The system gives traction to pay-for-performance initiatives by enabling explicit conversations about the individual rewards that come from achievement of performance goals. What's more, Peopleclick Authoria's Decision View analytics keep both managers and employees engaged with business targets through the ongoing tracking of those goals.
Peopleclick Authoria Compensation version 10.14 introduces user-defined formula libraries that unleash the power of incentive compensation, while retaining the full benefits of a fully upgradeable Software-as-a-Service (SaaS) offering. These capabilities provide all of the horsepower needed to accommodate complex incentive plans, without the cost, inflexibility or maintenance required by customized software.
"Compensation planning remains one of the most challenging functions for organizations and few technology-driven solutions have the breadth and depth of Peopleclick Authoria Compensation," said Tom Tisdale, SVP of North American Sales. "Our latest release helps transform what is too often a major investment in custom software into one that still provides the power of incentive compensation, and allows customers the future benefits provided by SaaS solutions."
Peopleclick Authoria Compensation version 10.14 also features a new Plan Performance Modifier tool to create organization-specific payout modifiers, including configurable payment caps, limits, overtime adjustments and other factors. Delivering a Plan Performance Modifier tool to build incentive plans creates safety gates to prevent risk of overpayment based on the organizational realities of a customer's business.
New to version 10.14 of Peopleclick Authoria Compensation:
- Employee Goal Payout Discussions add traction to the pay-for-performance process by making incentive plans personal. These employee-centric incentive capabilities let managers and employees agree upon goals, including collaboratively agreeing upon goals that will modify incentives, further engaging the employee.
- User-defined Formula Library lets organizations extend the system to include organization-specific data or calculations that are fully preserved within the product for future upgrades.
- Incentive Plan Performance Groups provide "one plan" configuration tools that allow compensation professionals to create a single plan for large populations and then manage variations within that single plan structure. The system creates performance groups that allow as many payout permutations as necessary to deliver the right reward to the right person.
- Stock Plan Proration and Performance Goals Support provides the same level of flexibility for defining prorated calculation logics and application of performance goals in determining performance-based equity grant awards.
With expertise in all areas of talent acquisition, talent management, compliance and diversity, Peopleclick Authoria continues to drive initiatives in compensation management. Along with the release of Compensation version 10.14, Peopleclick Authoria recently launched Compensation Forum. Compensation Forum is an interactive online community where HR and compensation professionals as well as managers and other thought leaders can exchange innovative ideas and promote new thinking on the business-critical topics of performance and compensation management.
Peopleclick Authoria will be attending WorldatWork's Total Rewards Conference from May 23 - 25 in San Diego. Attendees can learn more about Compensation version 10.14 by visiting Peopleclick Authoria in booth #503 or by joining the conversation at the Compensation Forum.
About Peopleclick Authoria
Peopleclick Authoria is transforming Talent Management through best-of-breed technology and expertise. With a deep focus on business intelligence and analytics, the company's technology gives clients the actionable insight required to make strategic decisions that drive better business results. Nearly 80 percent of the Fortune 100 uses Peopleclick Authoria Talent Management, Vendor Management and Workforce Compliance and Diversity solutions to manage salaried, hourly and contingent labor across their organization. These solutions manage the entire talent lifecycle from recruiting to onboarding and through the ongoing management of each individual's career while helping organizations measure, analyze and empower their existing workforce. Both founded separately in 1997, the two human capital management companies joined together in 2010 to form Peopleclick Authoria. The Company's solutions currently support more than 2,400 organizations ranging in size from large, global corporations to small and medium-sized businesses in more than 214 countries and territories around the world.