PayDesigner© – Overview
To learn more about how to put PayDesigner© to work for your organization or Association contact one of our senior associates today:
PayDesigner© improves the efficiency and accuracy with which HR staff complete compensation related assignments. With the system in place, your staff gains online access to total workforce compensation information. HR staff can filter this data for all employee groups, budget funds, job titles, departments and any other necessary demographic from a central location, including salary, cash components, and non cash items. PayDesigner gives HR staff the tools and reports necessary to model these items and develop plans to strategically allocate compensation dollars and drive performance. This allows your staff to become more strategically involved in total compensation budget expenditures. Your HR staff is also able to provide total compensation reporting at a moment’s notice. The platform transforms your HR staff’s interaction with other departments from administrative support to strategic partner. In summary, PayDesigner leverages local government best practices in total compensation to enable strategic management, along with efficient and timely administration.
Manage Pay Grades and Ranges Effectively
PayDesigner provides at no cost access to the resources of a third-party group to aide in the maintenance of structure integrity and the accurate benchmarking and analysis of salary survey data. This allows your organization to develop new pay structure(s) based on customized pay philosophies including range spread, midpoint progression, cost of labor adjustments, and market comparisons
Analyze Salary and Benefits Modifications
PayDesigner supplies managers with immediate, accurate calculations that can be used to project the cost of modifying direct wages and benefits, including holiday hours, sick leave, personal hours, vacation, and longevity pay. Create and save different scenarios based on your organization’s compensation strategy and needs. As changes occur throughout the year, have the financial impact of those changes at your fingertips.
HOW IS PAYDESIGNER© DIFFERENT THAN A TRADITIONAL HRIS ACCOUNTING SYSTEM?
PayDesigner was developed by compensation professionals and is specifically designed to address both internal and external pay and benefit management and analysis. There are three major functions involved:
- The design and management of a total compensation (pay and benefits) system customized to the needs of the organization
- The maintenance of the system compared to market
- Day-to-day budget impact of total compensation.
The platform is marketed as Software as a Service (SaaS) and allows the HR Staff to have access to subject matter experts to help with critical issues when they arise. This online service can be easily used during budget meetings, meet and confer sessions, union negotiations and business planning. Consequently, one of the benefits of the platform is to allow for the creation of pay and benefit impact scenarios and cost audits when considering compensation increases or staff reductions.
WHO HAS ACCESS TO THE PLATFORM?
PayDesigner is protected by security codes. Access is offered to selected individuals depending on the needs of the organization. Typically, key members of the executive office will decide how these access codes are managed.
HOW OFTEN IS THE DATA UPDATED?
Internal information is uploaded into PayDesigner© monthly and the details can be reviewed by Waters & Company’s compensation staff at a reduced rate providing a safety net of a third party subject matter expert assessment.
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Waters & Company Executive Recruitment, A Springsted Company | Mailing: 14285 Midway Road, Suite 340 | Dallas, TX 75001 | [Toll-free:] 800.899.1669 | [e] email@example.com
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