Workscape Trumps Competition as On-Demand Compensation Management Leader
In Excess of $100 Billion in Total Compensation for Close to Two Million Global Workers Being Managed With Workscape Compensation Solution
| Source: Workscape
MARLBOROUGH, MA--(Marketwire - September 29, 2008) - Workscape, Inc., a leading provider of
outsourced
benefits and talent
management solutions, today reaffirmed its leadership position in the
on-demand compensation management category. More than $100 billion total
compensation is being managed by its growing client roster. Consistent with
this leadership stance, Workscape's award-winning talent management suite
is deployed in 180 countries with support for 48 currencies and more than
40 languages.
Performance-driven compensation is changing the way that organizations
align individual, group, and company goals to determine business outcomes.
With compensation at its core, Workscape's talent management suite has been
uniquely designed to address what is indisputably the toughest challenge
faced by managers and HR professionals. Managing the complexities of
compensation, specifically pay-for-performance programs across global
workforces, requires a reliable partner that is expert in intricate
data-privacy regulations, cultural expectations, currencies, time zones,
and languages. Workscape's centralized approach also enables employers to
align employees across regions towards common goals, shortens the
compensation cycle by automating workflows, and enables managers to quickly
identify process bottlenecks.
Tony Marzulli, Workscape's Chief Marketing Officer, observed, "When it
comes to compensation management -- especially in those instances where
global compensation is a reality or a future aspiration -- organizations
need to work with Workscape, a partner that can scale to handle the volume,
accommodate multiple languages to include the production of compensation
statements in the corresponding language, process multiple currencies
in-place instead of requiring manual conversions, but most importantly,
address the complexities that occur when supporting differing time zones,
local market-driven compensation programs and cultures." He continued,
"That's why more and more companies are turned off by boastful vendors that
make over-the-top, hollow promises and false claims of leadership.
Workscape's proven compensation management solution is already serving
nearly 2 million employees. In fact, our solution is so robust that in one
instance it has achieved a 99.6% user adoption rate in a deployment to more
than 300,000 employees across 70 countries."
Workscape's compensation solution has been deployed by organizations in
numerous vertical markets, including financial services, manufacturing and
healthcare. Marzulli shared, "Our compensation solutions are used to manage
over $100 billion in total compensation. That's more than $80 billion in
salaries, more than $10 billion in stock, more than $4 billion in bonuses,
more than $2 billion in merit increases and more than $1 billion in spot
awards. There isn't another technology vendor in the talent management
category that can tout these numbers. And it's because when we architected
our talent management suite, we built exceptionally deep functionality in
compensation management to give our clients what they need to confidently
support pay-for-performance, retain top talent and mitigate risks."
Workscape recently extended the power of its compensation management
expertise to companies with 1,000 to 5,000 employees through its Express
solution. Designed to help mid-market managers quickly and easily make
smarter performance-driven compensation decisions and reward employee
performance that drives bottom-line results, Workscape Compensation Express
with Workscape Performance Express comprise an integrated Web-based suite
that handles all compensation and performance elements. As a result,
mid-sized companies tap the power, scalability, and flexibility of
Workscape's leading enterprise integrated talent management suite, which
bring together compensation and performance management in one easy-to-use
solution that have been driving some of the world's largest companies for
years.
Workscape will demonstrate its solutions at the upcoming HR Technology
Conference, being held in Chicago from October 15 - 17, 2008.
About Workscape On-Demand Talent Management Suite
Workscape's award-winning, multi-lingual compensation solution helps
customers manage more than $100 billion in compensation, streamlines
compensation cycles, ensures consistency and fairness, and empowers
managers to pay-for-performance while adhering to corporate guidelines and
budgets. The company's performance management solution has managed more
than one million performance ratings, automating the performance management
process and fully aligning goals, competencies, results and compensation
throughout customers' organizations. Both products are delivered via the
software-as-a-service (SaaS) model, can be deployed individually or fully
leverage Workscape's integrated Web-based platform, and are available in
Express versions for mid-sized companies.
About Workscape
Workscape is a leading provider of business-critical HR solutions that
enable hundreds of organizations to manage their two largest workforce
expenditures: employee benefits and performance-driven compensation.
Workscape's offerings share a common technology platform, can be readily
integrated with existing IT investments, serve millions of employees, and
are scalable and configurable to meet the distinct requirements of
organizations ranging from 1,000 to over 400,000 employees. One client uses
the company's award-winning multi-lingual compensation solution to
compensate hundreds of thousands of employees across 70 countries.
Workscape's outsourced benefits administration offerings are backed by
U.S.-based 24/7 support for managers and employees on policies and
processes. For more information about Workscape, visit www.workscape.com or
call (888) 605-9620.