Halogen eCompensation Already Proving a Winner - New Product from Halogen Software Integrates with Popular Halogen eAppraisal, Helps Make Pay-for-performance Accurate and Simple
Halogen Software Inc., a leading provider of Web-based employee performance management (EPM) software, today announced Halogen eCompensation, a powerful new complement to its flagship Halogen eAppraisal and eAppraisal Healthcare products. Halogen eCompensation automates the entire compensation adjustment process, including salaries, bonuses, variable pay, and share option packages.
Ottowa (PRWEB) June 14, 2005 -- Halogen Software Inc., a leading provider of
Web-based employee performance management (EPM) software, today announced
Halogen eCompensation, a powerful new complement to its flagship Halogen
eAppraisal and eAppraisal Healthcare products.
Halogen eCompensation
automates the entire compensation adjustment process, including salaries,
bonuses, variable pay, and share option packages. It replaces error-prone manual
compensation reviews with an easy-to-use, accurate, and secure Web-based system
that links employee performance to compensation adjustments and helps managers
more easily distribute and track their compensation budgets.
Halogen
eCompensation is already a hit with Halogen customers. “This product will be a
natural extension of our employee performance process,” said Trace Brigante,
Vice President Director of Project Management at HomeBanc Mortgage Corp. “We’ve
automated our appraisal system with excellent results using eAppraisal. Now it
makes sense for us to tie into that success, and use eCompensation to enhance
our pay-for-performance culture.”
Other customers who have signed up to
receive Halogen eCompensation include Clark Nuber, Koch Cellulose LLC,
International City/County Management Association, Hardesty & Hanover LLP,
Fishbeck, Thompson, Carr and Huber, Inc., Automation Engineering Inc., Fluent
Inc., and Mubadala Development Company.
On its own, Halogen eCompensation
is a valuable tool for avoiding the complexity and errors that can creep into
manual pay adjustments, especially those based on merit. In tandem with Halogen
eAppraisal, which automates and simplifies employee appraisals, Halogen
eCompensation provides compensation adjustments that automatically reflect
performance appraisals and corporate guidelines.
Halogen eCompensation
can suggest pay increases based on performance and other criteria, and
automatically flags compensation adjustments that are outside company
recommended salary scales and budgets. It also provides managers with instant
access to past appraisals, goal and development plans, and other individualized
information needed to make fair and accurate compensation adjustments. Once
managers establish and approve new compensation packages, Halogen eCompensation
automatically generates a report that can be exported to an automated payroll
system.
Halogen will be demonstrating Halogen eCompensation at the SHRM
annual conference in San Diego on June 19-21, with general availability in
July.
About Halogen Software
Halogen Software Inc. is a leading
provider of employee performance management (EPM) solutions. Founded in 2001 as
a subsidiary of a successful consulting company, Halogen offers powerful,
easy-to-use, and affordable Web-based software that dramatically improves HR and
line-manager productivity. The company's flagship product, Halogen eAppraisal™,
automates and simplifies time-consuming employee appraisals. Halogen eAppraisal™
Healthcare, created specifically for the healthcare industry, helps to simplify
the task of performing appraisals and meeting accreditation criteria. Halogen
e360™ automates and simplifies formal 360-degree feedback procedures and offers
sophisticated performance reporting. Their newest offering, Halogen
eCompensation™ automates the entire compensation adjustment process including
budget distribution and approval. For more information on Halogen Software,
visit: www.halogensoftware.com.
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Source : http://www.prweb.com/releases/2005/6/prweb251056.htm