hrtms compensation demo slides
TRANSCRIPT
HRTMS Compensation
Presented by Mitch Stephens, Bill RostHRTMS, Inc
Agenda
• Part 1: Company and Products Overview
• Part 2: Excel Architecture in TMS Compensation
• Part 3: Direct Manager Perspective – Salary Planning
• Part 4: Indirect Manager Perspective – Multiple Groups
• Part 5: Long Term Incentives (LTI)
• Part 6: Total Rewards Portal
• Questions and Wrap up
Part 1 - HRTMS – Company BackgroundBased in North Carolina with offices in New Jersey
We offer an integrated, cost effective Talent Management suite:• TMS Performance - Performance management• TMS Compensation – Compensation Management
We offer the lowest TCO in the industry
We deliver solutions that meet 100% of your unique requirements
TMS Performance – Quick Overview• Web-based Performance Management system
• Outlook look-and-feel• Paperless reviews are routed and signed electronically• Support goal management• Competencies by position• Career development and planning
• Job Description Management• 360/multi-rater Module• Even succession planning and learning management
TMS Performance
TMS Compensation Overview• It is a web-based Compensation Planning application that:
• Extends your Excel comp workbooks• Is tightly integrated with TMS Performance• Can be integrated with external Performance Systems, like Success Factors
• Employees are assigned to Compensation groups• A compensation group allows you to manage departmental budgets
• e.g., Corporate, Hourly, etc
• Groups are shown in the main Tree• You can view a single group or multiple groups blended together
• Approval process• Managers enter recommendations for compensation and then submit their
groups for approval by higher level managers. • Approval path is based on the reporting structure
TMS Compensation Overview (2)Long Term Incentive Support
• Parallel process for LTI • Create separate groups and approvers for LTI
Total Rewards Repository• Gives employees and senior management a secure portal
for all comp-related information• Integration to external feeds such as brokerage accounts and
the finance group
TMS Compensation – Grid View
TMS Compensation – PR Integration
One-click view of the Performance Review from
Compensation!
Part 2- Excel Architecture in TMS Compensation
How TMS Comp works
• TMS Comp is driven by YOUR Excel workbooks
• Formulas, validations, conditional formatting, business rules are all preserved
• Our unique web interface lets you work online without having to download the workbook• Note that download is still available
• We harness the power of Excel and eliminate the effort of managing documents
• Automated, secure, web-enabled; yet familiar.
Typical Implementation Process
Review current Excel workbooks
Define compensation groups, approval profiles, Business rules and the tree
structure
Start approval process – Managers
begin to submit compensation
recommendations
Excel Mapping Process
We then complete the Excel Mapping
Process
We start with your Excel workbook
Almost any Excel workbook can be used as the template,
including Excel 2007.
TMS Excel Map
Heading
Cells
Column Profiles
Col A• Na
me
Data BindingsFormulas,Security settingsBusiness Rules
Excel Mapping Process
Web UI Editing Excel
Engine
Excel Template
Excel Mapping
DatabaseBusiness RulesUser
Credentials
TMS Comp Web UI
An Excel Workbook is generated using the XL Mapping,
XLS Template and Employee Data
Directly edit Compensation data
using our intuitive web interface
Excel Download/Upload Mode
TMS Excel Engine
Excel Template
Excel Mapping
Database Busines
s RulesUser
CredentialsExcel workbooks can be downloaded to
the desktop
Workbook is edited on the desktop and uploaded back to
the system to apply updates
Sample Excel Templates
This workbook has three main budgets:
Merit, Equity and Bonus.
Sample Excel Templates
This workbook incorporates Merit,
MICP and LTIP
Sample Excel Templates
Management Incentive
Compensation Plan Section
Sample Excel Templates
LTIP Section
Survey Responses for this webinar
a dart board
a tool that forces us to do some of the work by hand
an on-line tool that we are very happy with.
paper forms
spreadsheets, email, and a lot of time
0% 10% 20% 30% 40% 50% 60%
% Responses
% Responses
Most companies are using Excel in some capacity today.
Excel Technology Summary
TMS Compensation Leverages Excel formulas and familiarity
We provide a unique Web-based user interface
Also support off-line mode
We use Excel as the configuration and business rules
Questions?
Part 3 - Direct Manager Perspective
•Shows the perspective of a direct manager who has to complete the compensation for
their direct reports
Direct Manager View – Home page
The home page shows the groups that need to be
completed.
Double click to show the group.
Direct Manager View – Edit Group
Manager can edit using this pane
Direct Manager View – Edit Group
Checks totals, and then saves changes
Direct Manager View – Save changes
Shows employees that have been updated
Direct Manager View – Approval
Submit group to next manager for approval
Direct Manager View – Approval
Attach a workbook to the email message
Direct Manager View – Approval
Submits to next manager
Direct Manager View – Read-only view
The form is now read-only.
Manager closes the form and returns to the home page.
Direct Manager View – Read-only view
No more groups that require approvals.
Part 4 – Indirect Manager Perspective
Working with single and multiple groups
Viewing Groups in the treeview
The Treeview shows the various groups of
employees reporting to the current user.
Clicking on a single group will display that group in
the main section.
Viewing Single Group
This is a single compensation group.
This screen is actually displaying cells from an underlying Excel
workbook.
We will now show the Editor Pane
Toggle Editor Pane
This is the Editor Pane. You can toggle this on and off using the
“Hide/Show Editor” button.
This pane allows you to update values in the sheet.
Editor Pane Employee Selector
You can jump to a specific employee in the list
Update values in Edit Pane
Update values such as Merit Amount, Adjustment amount,
etc.
Totals Update as values are updated
The Grid will instantly update after you enter a value.
Totals are updated immediately
Adjustment Amount Change
Adjustment amount is updated here
Toggle the Total display
This button will toggle the Total lines on and off.
Toggle the display of employee lines
This button will toggle the Employee Details Lines
on and off.
Toggle the display of employee lines
Only total lines are displayed now
Viewing essential columns only
This checkbox will switch between displaying all columns or just the essential columns in
the workbook.
Viewing all columns
All workbook columns are now displayed in the grid.
Double Click Employee Line
Double-click on the Employee line to display the Editor Pane
Show/Hide Editor Pane
This button will also show/hide the editor pane.
Navigation buttons
These buttons move you to the previous and next employees
in the list.
View Performance Review
This button shows the Employee’s current Performance Review
View Performance Review
The Tab with the Performance Rating is displayed.
View Salary History Button
This button shows the Employee’s Salary History
View Salary History Popup Form
Sorting Columns
Default sort order is controlled by Group Settings.
You can sort on any column in the grid.
Sorting Columns – Sort by Merit Amount
Now list is sorted by merit amount.
Now View the values in the Single Column View Tab
Single Column View
The single column view shows the currently column in same
sort order as the main list.
Single Column View – with totals
You can also view the totals for a column by turning on the Totals
(in the employee tab).
Totals are not shown with a graph.
Single Column View – Update values
You can update the cell values on this page, and the totals will
reflect the changes.
Single Column View – Update values
Total updated
Show Editor and Single Column View
Viewing Multiple Groups
The next series of slides will show how you can view more than one group at a time.
Select the Parent Group
This node represents a parent group. When you click this, the screen
changes to the multiple group mode
Multiple group modeYou can select one group
or any combination of groups in the list.
Selecting multiple groupsThis shows how many
groups have been checked. To display the checked groups, click
‘Recalculate’
Viewing Multiple Groups
This title shows that multiple groups have
been selected. Now switch to Employee
List view
Employee List View – Multiple Groups
These employees records are read-only.
Lets see the totals only (hide employees)
Totals only for multiple Groups
The list shows just the totals for each of the
groups!!
Check all groups to see everything
Add to existing Group list – check All
All groups selected.. Now Recalculate…
View all groups.. In Totals Only Mode
Now sort on various columns (totals only)
Sorted Grid of Totals only
Easily determine which manager is giving the
largest increase. View this in Single Column
View mode
Single Column View.. Multiple groups mode
View the groups on the right side of the screen..
Click ‘Right Side’ button.
View in Right-Side mode
This view may be easier to view a long list of values.
Now view as a popup..(Click Popup Button)
View Groups in Popup Form Mode
This view will show the maximum amount of data.
Now let’s view all employee data (toggle employees on)
Popup form Mode – Worksheet summary
This tab shows the header ranges from the underlying spreadsheet.
Normally your remaining budgets are
shown.
As you update values in the Edit pane, the
summary totals will be updated.
You can view the actual Excel Workbook by
clicking on this button.
View Excel workbook
View Excel workbook
This range is actually displayed in the
Worksheet summary tab
View Excel workbook
This table is also displayed.
Note: Any number of ranges can be
displayed as well as graphs.
View Worksheet Summary
Now we will review the Group List Details tab.
This tab shows all of the selected groups in the
current workbook.
Group List Details
This list shows all of the selected groups, and
details about each group such as the approval
status.
Group List Details – Select groups
Links will be enabled based on the groups
selected.
Changes are savedand now we will approve
the selected groups.
Approve Multiple Groups
The selected groups are shown in the email
message.
You can also attach a workbook as shown
earlier.
Approval completed for Multiple Groups
Group List – List Only – No Detail pane
The columns in this list are configured by the administrator, and can include any group data
elements.
You can also filter and search this list using the ‘Filter’ tab.
Summary of Salary Planning
Single and Multiple Group Perspective
Powerful User interface that goes beyond Excel
Part 5 - Long Term Incentive Plans
LTI Challenges
• We recognize that LTI presents unique challenges:• Approval process and approvers may be different• The data captured is different to Merit• Usually a subset of employees are eligible for LTI• Wide spectrum of business rules needs to be supported
• However:• The underlying process mirrors the merit process that
we saw earlier.
• TMS Comp lets you handle LTI separately to the merit process with the same simple tools.
LTI Process in TMS Comp
You have several choices with LTI:1. Create different LTI groups and manage
them with a separate workflow 2. Do Merit, STI and LTI together using a single
group/workbook3. Use a different review cycle
The choice depends on your implementation requirements
TMS Comp with separate LTI process
The home page shows LTI groups separate to Merit Groups.
View one LTI group from the tree
Editing LTI Recommendations
These groups use an LTI workbook.The manager will enter LTI
recommendations, and then select the award type.
View multiple groups for LTI
Employee details are hidden, only totals
shown.
LTI Groups and Approvals summary• LTI groups are submitted for approval in the same
way as Merit/STI groups• Group membership may be different to Merit
groups• Only LTI_Eligible employees are included
• LTI Approvals are usually done by senior level managers• Direct and Mid-level managers may be skipped in the
approval process • Custom forms may be used to capture LTI data
• This lets you implement your business rules
Part 5 – Total Rewards Repository
Total Rewards OverviewWhat is the Total Rewards Portal?• A secure web-based repository with comp data for every employee• Allows managers to view all data for their employees • Employees can see their Total Rewards statements
How does it work?• Multiple sources of data are aggregated• Brokerage PDF files are split by employee• Batch process builds the Total Rewards statement for each employee
Benefits• Secure access to Comp statements• Print-friendly and web-friendly formats are available• Provides year-over-year comparisons
Total Rewards
There may be a variable number of sections for each
employee depending on their comp plan.
Total Rewards- Total Comp for this year
This page shows total comp for the current year – Short Term
and Long Term
The layout of the Total Rewards statement is user-definable.
Total Rewards – Previous Year Comp
This example shows the Compensation for the
previous year.
Total Rewards – Stock Awards
This shows the current year stock awards to this
employee.
Total Rewards Screen Shots –Brokerage Data
This page is from a master PDF file sent from the Brokerage
(e.g., Merrill Lynch). The PDF is split by employee and
published into TMS.
Total Rewards Summary
Allows you to aggregate data from multiple sources
Secure access by managers and employees
Print and Web friendly formats
TMS Compensation Summary
TMS Compensation offers broad support for short and long term compensation planning
Easy to use and administer
Works in conjunction with TMS Performance
Can be integrated with other Performance Systems, such as Success Factors
Long Term Incentives can be treated separately
Total Rewards portal brings it all together
Questions?
Thank You
To Contact HR TMS or either of today’s presenters, please use:
Mitch Stephens: HRTMS Founder and President [email protected]
Jim Haviland: Marketing Director [email protected]