Web Based Compensation and Planning

Compensation and planning includes many things beyond straight salary and regular planning. It also includes perks, benefits, stock options, etc. HR management team has to balance these cost against what your employees according to their asset value, and varies their seniority with others new employees.

In olden days, all company around the word is familiar with using Microsoft Excel or others spreadsheet type software to manage or organize their compensation and planning. Microsoft excel and others spreadsheet software fail to provide matching budget and financial modelling capabilities to show the workflow issues related to execution of compensation and planning cycle effectively. Nowadays, web-based compensation and planning has been introduce and invent to all HR team management to provide matching budget and financial modelling capabilities that show the workflow issues related to execution of compensation and planning cycle effectively. The web-based compensation and planning is invent to make the planning more easily record and efficient in the progress.

Some of this problem has been solve since the invention of the web-based compensation and planning which is failure to communicate and access your organization’s compensation and planning data. In olden days, many organizations rely on managers to convey messages about compensation and planning. So, it will be possible that not all the employee will hear the organization compensation and planning. Nowadays since the web-based compensation and planning is invented, the problem has been solved by the system 24/7 accessibility. All the employees can access the compensation and planning information by going to the organization site everywhere and anywhere the employees’ desire.

Besides that, another problem that occurs in olden days is that a lot of room and space needed to keep track of the employee’s files of compensation. The problem has been solved with the web-based compensation and planning because all the employees compensation data will be stored in the company or organization database which can be access anywhere because the data is save in the company online database which do not require room and space.

There are lot of advantage using web-based system. Some of the advantage is that the data is more manageable because it can be manage and access by many end user workstations at a time. Another advantage is that the system can secure the data. High Security can be implementing to the data of the employees to protect their personal data. If in the olden days the data is unprotected and exploit to high risk of stolen of employees files or loss of employees file. Another important advantages of the web-based application is that the system can dramatically reduce the company cost for support and maintenance.