0422 841 203 [email protected]
August 21, 2024
Large Financial Services Organisation

The organisation faced inefficiencies and privacy issues with their traditional salary review process. We led a transformative shift to a modern, efficient online system, replacing outdated Excel spreadsheets to enhance efficiency, accuracy, and confidentiality in handling sensitive salary data.

Key Challenges

  • Reliance on Excel spreadsheets was time-consuming and susceptible to human errors
  • Sensitive salary data was vulnerable to unauthorised access
  • Salary decisions were not consistently aligned with current market trends
  • The process was daunting and unclear for managers, leading to inequitable salary decisions

Process

1. Solution Proposal

  • Proposed the implementation of an online salary and bonus planning system designed by Remuneration Consultants 
  • Key features included integration with the human resources management system, a user-friendly interface for managers, budget management tools, and enhanced security protocols

2. Implementation

  • Convinced senior management and key stakeholders of the benefits of the new system
  • Worked closely with Remuneration Consultants to tailor the system to the organisation’s needs
  • Provided comprehensive training and support to managers and HR staff
  • Implemented the system across the organisation and established a feedback mechanism for continuous improvement

 

Outcome

  • The automated system reduced the time spent on salary reviews
  • Integration with market data ensured equitable salary decisions
  • Sensitive data was now securely managed
  • The clear and straightforward system made the salary review process less daunting for managers

Learnings

  • Embracing technology can significantly improve operational processes
  • Convincing key stakeholders is crucial for successful implementation
  • Establishing a feedback mechanism ensures the system remains effective and relevant
  • Comprehensive training is essential for smooth transition and user adoption

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Unscripted HR acknowledges the Traditional Custodians of Country throughout Australia and their ongoing connection to land, waters and community. We pay our respects to Elders, past and present.

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Copyright © 2024 Unscripted HR. All Rights Reserved.