Abstract
A new breed of technology, called Enterprise Compensation Management (ECM) is automating the compensation process to help organizations acquire, manage and optimize workforces, in addition to enabling true manager self-reliance. By utilizing an ECM solution to optimize employee compensation on an enterprise level, surveyed companies reported greater workforce effectiveness, better execution of pay-for-performance strategies, increased productivity and substantial financial savings.
This article seeks to provide a conceptual framework to assist in quantifying the financial and strategic benefits that companies can expect to achieve from ECM solutions. It also provides detailed survey results from a wide-range of companies that have evaluated and implemented ECM solutions-examining the 5-step ROI Methodology companies can follow when building an ECM business case.
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