1、Data Management in Hay PayNetand How do Hay manage the compensation,Tom Halliday Brian Weiss July 2003,The 1998 PayNet User Group,The first with flexible online database access!,The 2003 PayNet User Group,How can we best partner with you to solve your business challenges?,Its amazing what a differen

2、ce 5 years makes,Two of Our Key Global Objectives,Are easy to work with! Provide integrated solutions! Why?,While Maintaining our quality and scope of data, we want to make sure we:,Our Clients Have Varying Needs,Prepare changes in long term reward policy communicate local market practice to HQ fast

3、 decisions in context of hire/fire reality check pay request of key employees annual health check up of pay practice evaluate internal equity (emotional reward) diagnose market competitiveness translate company strategy in supporting comp&ben tools alert management team on market trends that could a

4、ffect cost base of employment,HR as strategic partner in business decisions (cost) control annual pay bill prepare realistic remuneration budgets update existing (international) pay grades reliable job descriptions for market pricing development of state of the art benefit packages in-depth analysis

5、 of current pay practice cost projections reliable market information for negotiations .,Our Clients Have Varying Needs (contd),Information needs,Each company, each HR manager has its own distinct information needs The challenge is to create one database that delivers outputs that meet the many info

6、rmation needs of different profiles of “users”,Company Data,Market Data,Full Picture,PayNet Supporting Our Strategy,Company Data,Market Data,Full Picture,DATABASE,PayNet Supporting Our Strategy,Data Management in Hay PayNet,The power and capability of PayNet is increasing! Instead of just accessing

7、market data through PayNet, you can now compare this data to your own salary practice. Data submission to Hay Group databases is now easier than ever before.,Overview,The four generations of Hay PayNet Interactive market databases design and run your own analyses (1997). Report viewing tool view and

8、 manipulate standard analyses and commentary (2000). Add your own data to our databases (2002). Compare your data to Hay Group market data (2002).,Data Submission,Searching & Matching,Market Comparisons,Data submission A summary,Data submission quicker and easier than ever before. Once mapping achie

9、ved it is held on the system From a query of your payroll system to a completed Hay data submission in a few easy steps. Update your data quickly and easily when it changes. Access all of your data for market comparisons. Questionnaires can also be completed online.,Data Submission,Searching & Match

10、ing,Market Comparisons,Searching and Matching A summary,Retrieve your jobs at a divisional, functional or individual job level. Use your search result to job match, update data or conduct market comparison Matching your jobs into the Hay job model allows you to accurately benchmark jobs within your

11、organisation,Data Submission,Searching & Matching,Market Comparisons,Data comparison A summary,The salary data that you submit to Hay is held in PayNet for 24/7 access. PayNet already provided market data: Interactive Databases Fixed Reports You can now compare your salaries to market data within Pa

12、yNet . Either market data we can provide as well as markets you run yourselves. Generate comparison reports at: Job-by-job level, entire organisation level, or anything in between,Any further Questions? Thank you for your time. Please pick up a DMT consultation form on your way out.,Next:Workshop 4 Starts at 2.40pm How do you find your next Workshop? The session you chose will be indicated on your personalised agenda handed on arrival. The room is also indicated on the sheet. Please feel free to ask any member Hay Group