Blogs

A day in the life of a Rewards professional during the salary revision cycle

15 Mar 2018 by  Gaurav Gupta

Creation of Salary Increase Matrix for deciding compensation %

  • Comp & Ben Manager to HR Head: Please send me the final ratings for the group
  • HR Head: You will get it from the respective BU Heads
  • Comp & Ben HR Heads: Will they be the approved ratings? Also, how will the hike% be calculated?
  • HR Head: Once you have received the ratings from the BU Heads, please send them to me for final approval. The hikes will be basis a matrix between job performance and compa-ratio.
  • Comp & Ben Manager: Can we please expedite the process as I have to manually key in the formula in the spreadsheet for each business unit. I hope there will be no exceptions this time
  • HR Head: As usual there will be exceptions and most probably multiple matrices may need to be created
  • Comp & Ben Manager: Oh no… so the time for late nights have started now.​

Inability to identify bottlenecks and clarity around remuneration decisions against budgets

  • Comp & Ben Manager to HR Head: I am receiving salary hike figures which are much higher than the budgeted amounts. Every time I have to check if the salary recommendations have exceeded their budgets
  • HR Head: Oh…But you can use conditional formatting to check that, right?
  • Comp & Ben Head: I had applied conditional formatting on each file. However, the files that I received do not have any now. They have tampered with the files.
  • HR Head: Oh no…how will you resolve the issue now?
  • Comp & Ben Head: I will match each file with my original file to see if everything is in place or not
  • HR Head: Hmmm….Can you work on this quickly please? I will need the data tomorrow for a meeting with the CEO and CFO

Printing and /or mailing salary revision letters

  • HR Head to Comp & Ben Head: Hey, have the comp letters been distributed?
  • Comp & Ben Head: No, we are still correcting the database. This will take some more time
  • HR Head: It’s already very late. We have missed the deadline. Can we expedite the distribution by sending this through e-mail, physical copies can follow later?
  • Comp & Ben Head: Even that will require correcting the database
  • HR Head: Can we add a line of appreciation from the CEO for our high performers and maybe something different for our “4 raters” too
  • Comp & Head: That is impossible. Customization in the body of the mail will take ages to be prepared and printed
  • HR Head: Also, I had asked for letters of appreciation to be printed for our CSR awardees. The CEO will be personally presenting these
  • Comp & Ben Head: Yes. Those are printed, but because of this additional work, the salary revision letters got delayed

Do you suffer from the same problems as the Comp & Ben Manager and HR Head of these stories? If yes, then it’s time to act!

Remlink*TM can help you in these situations.
Speak to our consultants to understand how we can streamline your salary revision process.

For those of you, who missed our first blog, please refer to Is it Time to Give a Pink Slip to Spreadsheets in Compensation & Benefits Management?

*RemLinkTM is an automated end-to-end compensation management solution powered by Aon. It aims to automate the salary review process and eliminate the dependence on spreadsheets and manual interventions. It also enables end-to-end compensation analytics, management and administration right from budgeting, matrix calculations, salary increase deployments, workflow tracking to letter generation and communication.


 

Gaurav Gupta
Senior Consultant
Aon Hewitt India Consulting
gaurav.gupta.33@aonhewitt.com

Nakshatra Bhatt
Consultant
Aon Hewitt India Consulting
nakshatra.bhatt@aonhewitt.com

Nishtha Sharma
Consultant
Aon Hewitt India Consulting
nishtha.sharma.2@aonhewitt.com

Gaurav Gupta