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Why does my company need the Human Capital Management Tool?
Equitable Pay is
something that all employees expect – that in relation
to others in the work place, they are paid “equitably”
(i.e. commensurate with their skills, abilities and contributions.)
However, there are times when pay relationships can become
unbalanced, creating the opportunity for discontent, lowered
morale and lowered productivity. To prevent this type of pay
disparity, DRAKE has developed a Human Capital Management
Tool that allows you to chart the pay relationships of your
employees. This visualization makes it easy to justify pay
increases for those employees whose pay is lagging behind.
What
is the Human Capital Management Tool?
This
comprehensive computer application uses an array of information,
including but not limited to salary, prior work and training
experience, and demographic information, to help you track
the equity of each employee's pay within your organization.
In addition, the program provides real-time data, updating
your numbers to provide current information. Using the extensive
management reports you can assure and maintain pay equity
among your employees, leading to increased employee morale
and retention.
In addition,
you can use the management reports for succession planning,
recruitment, compensation, and performance management, to
name a few.
For
more information...
For more information and a demo of this application, please
contact a DRAKE Representative at (919) 969-9901 or complete
our contact form.
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