Data Management in Hay PayNetand How do Hay manage the compensationTom HallidayBrian WeissJuly 20031The 1998 PayNet User GroupThe first with flexible The first with flexible online database access!online database access!The 2003 PayNet User GroupHow can we best partnerHow can we best partnerwith you to solve yourwith you to solve yourbusiness challenges?business challenges?Its amazing what a difference 5 years makesTwo of Our Key Global ObjectivesnAre easy to work with!nProvide integrated solutions!nWhy?While Maintaining our quality and scope of data, we want to make sure we:Our Clients Have Varying NeedsnPrepare changes in long term reward policyncommunicate local market practice to HQnfast decisions in context of hire/firenreality check pay request of key employeesnannual health check up of pay practicenevaluate internal equity (emotional reward)ndiagnose market competitivenessntranslate company strategy in supporting comp&ben toolsnalert management team on market trends that could affect cost base of employmentnHR as strategic partner in business decisionsn(cost) control annual pay billnprepare realistic remuneration budgetsnupdate existing (international) pay gradesnreliable job descriptions for market pricingndevelopment of state of the art benefit packagesnin-depth analysis of current pay practicencost projectionsnreliable market information for negotiationsn.Our Clients Have Varying Needs (contd)Information needsnEach company, each HR manager has its own distinct information needsnThe challenge is to create one database that delivers outputs that meet the many information needs of different profiles of “users”Company DataMarket DataMarket DataFullFullPicturePicturePayNet Supporting Our StrategyCompany DataMarket DataMarket DataFull PictureFull PicturePayNet Supporting Our StrategyData Management in Hay PayNetnThe power and capability of PayNet is increasing!nInstead of just accessing market data through PayNet, you can now compare this data to your own salary practice.nData submission to Hay Group databases is now easier than ever before.OverviewThe four generations of Hay PayNetnInteractive market databases design and run your own analyses (1997).nReport viewing tool view and manipulate standard analyses and commentary (2000).nAdd your own data to our databases (2002).nCompare your data to Hay Group market data (2002).Data SubmissionSearching & MatchingMarket ComparisonsData submission A summarynData submission quicker and easier than ever before.nOnce mapping achieved it is held on the systemnFrom a query of your payroll system to a completed Hay data submission in a few easy steps.nUpdate your data quickly and easily when it changes.nAccess all of your data for market comparisons.nQuestionnaires can also be completed online.Data SubmissionSearching & MatchingMarket ComparisonsSearching and Matching A summarynRetrieve your jobs at a divisional, functional or individual job level.nUse your search result to job match, update data or conduct market comparisonnMatching your jobs into the Hay job model allows you to accurately benchmark jobs within your organisationData SubmissionSearching & MatchingMarket ComparisonsData comparison A summarynThe salary data that you submit to Hay is held in PayNet for 24/7 access.nPayNet already provided market data:nInteractive DatabasesnFixed ReportsnYou can now compare your salaries to market data within PayNet . Either market data we can provide as well as markets you run yourselves.nGenerate comparison reports at:nJob-by-job level, entire organisation level, or anything in betweenAny further Questions? Thank you for your time.Please pick up a DMT consultation form on your way out.nNext:Workshop 4 nStarts at 2.40pmnHow do you find your next Workshop?nThe session you chose will be indicated on your personalised agenda handed on arrival.nThe room is also indicated on the sheet. nPlease feel free to ask any member Hay Group for help.End of Workshops SessionnNext:Coffee break The workshops have now finished. nPlease make your way back to Room A for a presentation by Helen Murlis on: Dont miss your opportunity to motivate