HRIS 2 Web based compensation and planning

            In the previous post I have discussed about web based occupational safety and health. In this post I will be reflective and give a little bit of my reading to clarify on what is web based compensation and planning.

            In the early days, all of the compensation planning are being made by the mainframe computers tracking payroll at that time it is very hard to handle due to the only mainframe computers are tracking all of the payroll and if anything happens to the mainframe it will affect the ability to give accurate amount of salary and even delay the payment to the employees. Then in the 80s and early 90s the compensation planning shifting to PC, automating all of the HR tasks like job evaluation and salary planning. This make the jobs of HR manager a bit harder by needed to make the compensation planning and the job evaluation at the same time, while handling the employees of their needs now they need to do the compensation planning as well to control the employee payroll system. After the early 90s come to an era where compensation planning are used by the managers by the help of web based compensation planning. Web based compensation planning is a tool for HR managers and line managers that help in fixed compensation, variable compensation and stock compensation.

            Beforehand every company is using Microsoft Excel to manage their compensation plans. However Microsoft Excel does not provide matching budgeting and financial modeling capabilities and fails to address workflow issues related to executing the compensation planning cycles efficiently. By using a web based compensation planning can eliminate the burden of HR managers in making the compensation planning and allowing the company to move from excel compensation worksheets to something much better that are made especially for compensation planning. Web based compensation and planning can help by develop and maintain competitive pay rates, drive employee performance,  manage merit increases and compensation budgets. By using all of the advantage above can help the company in stay competitive by giving the upper hand in managing salaries much better compared to their competitors.

            Compensation administration is closely linked to effective employee performance management. Web based compensation and planning provides the budgeting and merit increase tools for the managers know on how much they need to pay the employees based on their performance ratings, current salary levels and experience.