The Electronic Compensation Management Toolkit (ECMT) is an accurate, consistent, and defensible system for managing compensation that introduces efficiency and supports talent management initiatives. It establishes a customized market sample base and facilitates superior management of internal equity without smoothing market premiums. The ECMT allows for real-time compensation management based on job worth and function, simplicity and flexibility of use, running alternative scenarios quickly, and effectively replacing manual salary surveys.
1. Electronic Compensation Management Toolkit
Putting it all together*
How the ECMT can assist you
The ECMT is an accurate, consistent, defensible system of compensation management.
ECMT introduces efficiency, accuracy and relevance whilst providing a mechanism for
effectively managing compensation as well as supporting reward strategy and talent
management initiatives in a more pro-active manner.
Establishes a representative market sample base
• Sample base, market structures by job function and job worth is customized to the
organization.
The challenge for HR executives
is to demonstrate that they have
a real business
contribution to offer and that, to
this end, they cease an
introspective focus and produce
practical human capital policies
which have a measurable impact
on bottom-line results. Using
incisive data and analysis, the
HR function can begin to develop
the tools and policies that should
help place them at the centre of
corporate strategy. The ECMT is
the ideal tool to assist you with
such an endeavour.
Superior management of internal equity without smoothing market premiums
Ensuring internal equity is as important as attaining external competitiveness. The
productivity, profit and growth of many organizations are seriously affected by a variety of
anomalous situations arising from informal job evaluation and salary structuring systems. It is
vital that organizations have defensible and transparent methods of assessing job grades
and subsequent remuneration packages based on the agreed level of jobs and talent
management initiatives The ECMT facilitates a salary structure review and redesign process
essentially incorporating the following:
• Real-time compensation management
based on job worth and job function as
opposed to job title;
• Simplicity and ease of use. The ECMT
facilitates analysis of a number of aspects
of user practice whilst allowing flexibility
where needed;
• Ability to run many, alternative scenarios
very quickly – increases, pay curves,
incentives, premiums etc.;
• Facilitates upload to SAP (and other
payrolls) via Excel;
• Effectively does away with manual salary
surveys and position benchmarking, with
significant time and cost savings.
Contacts
Pat Wright
Tel +27 79 808 3444 (South Africa)
Pat.wright@brightworksafrica.co.za
Briton Ncube
Tel +263 772 660 661 (Zimbabwe)
briton.ncube@brightworksafrica.co.za
What is the Electronic Compensation
Management Toolkit?
The ECMT is a Microsoft Windows/ Excel-
based compensation modelling and analysis
tool.
The ECMT provides functionality to facilitate
compensation management, in particular its
features include:
Detailed compensation reviews
• Facilitates superior decision-making
• Immediate, clear identification of cost impact of policy decisions
• Measures Return on Investment of talent management initiatives
• Measures current, proposed and improvement on employment equity targets/plan
• Budget forecasting and tracking.
• Identification of current internal equity, all high and low anomalies and current external
competitiveness with a selected labour market.
• Calculation of the costs of repositioning the organisation against its comparators in the
market based on its remuneration policy and talent management initiatives.
• Production of optimal salary structure/s based on organisation’s remuneration strategy,
philosophy and retention/talent management policies.
• Ensures organisation meets it Equal Pay for Work of Equal Value responsibilities/plan
• Increases credibility and defensibility of remuneration decisions - provides time-pressed
Remuneration Committees with real-time information and alternatives.