RemCentral - Aon Hewitt


Published on

Published in: Business
  • Be the first to comment

  • Be the first to like this

No Downloads
Total views
On SlideShare
From Embeds
Number of Embeds
Embeds 0
No embeds

No notes for slide

RemCentral - Aon Hewitt

  1. 1. RemCentralHelping you to manage, automate and streamline your salaryreview processManaging salary reviews using multiple independent spreadsheets and numerous manualinterventions doesn’t always provide the required levels of consistency and accuracy needed for thisimportant HR function.Some of the most common challenges that HR teams struggle with include: Data for the same individual being sent to two different reviewing managers Ensuring that all eligible employees have been included in the review Reviewing managers changing the data and/or formulae, inserting or deleting information Producing meaningful and up-to-date analysis due to information being held in multiple locations and formats.Aon Hewitt delivers valueGet the salary review right and youre a genius, get it wrong and youre out of a job!RemCentral is an Excel-based programme that assists organisations to manage, automate andstreamline their salary review process allowing HR teams to focus on the tasks that will significantlyinfluence the success of the salary review.Some of the key benefits include: Cost-effective alternative to high-end dedicated solution software, but also to time-consuming manually intensive processes No additional software or changes to your organisations existing systems are required because RemCentral is built on Microsoft Excel. Whilst generic in nature, it can be customised to fit specific organisational processes and requirements Transparent and consistent methodology for reviewing salaries to ensure the equitable distribution of increases. RemCentral guides the salary review outcomes in accordance with your desired remuneration philosophy, for example to target increases to top performers within your organisation Reduced potential for human errors as RemCentral has been designed to consolidate data into one centralised master spreadsheet, to automatically sort, filter and export information into each reviewing managers file, and then import it back again once recommendations have been made Real time data reporting to senior management and / or the Board, to enhance the credibility and commercial focus of the HR team Easy and fast creation of salary review letters, without the need to extract the data to another system.
  2. 2. The Aon Hewitt approach RemCentral includes the following functionality: RemCentral Salary Review & Management Software Version 5 Data Changes Data Transfers Data Merit Export Import Sheet Matrix Reports/Summaries Salary Review Letters Generate Reports Setup Letters Summary Other Information About Aon To return to this Pass main menu Hewitt/User words press Ctrl M Guidelines at any time  Exporting / importing reviewing manager files easily from and to a centralised master spreadsheet. The reviewing manager files can be configured to show as much or as little information as required and to focus managers only on what needs to be inputted / changed, i.e. salary / variable pay / performance recommendations  A recorded audit trail of the most recent data changes including the types of changes made and by whom those changes were made  Password protection using either a centrally assigned password or a randomly generated password  Salary recommendations that distribute the budget across your population in the most efficient and equitable way, based on a matrix of each employees position to market, performance rating and organisation salary review budget Position against external market Merit Matrix > 20% below > 20% above (Salary increases) At median median median Unsatisfactory 0.0% 0.0% 0.0% Performance Below expectations 1.5% 1.0% 0.5% Rating Achieves expectations 3.5% 3.0% 2.5% Above expectations 4.5% 5.0% 3.5% Exceptional 7.5% 7.0% 6.5%  Customised reporting allowing data analysis on pay decisions as reviewing managers make recommendations, including tables and charts as required for senior management review and Board / Remuneration Committee reporting  Summaries creator allowing ad hoc reporting of any elements in the databaseAon Hewitt Contacts:  Easy and fast creation of letters from the same centralised master spreadsheet. The length of a RemCentral implementation varies according to the customisation that is required by Steve Munday +44 (0)207 086 9213 your organisation. Typically implementations range from 6 to 8 Victoria Laidler +44 (0)207 086 9641 About Aon Aon Hewitt is the global leader in human capital consulting and outsourcing solutions. We design, Jackie Waller +44 (0)172 788 8394 implement, communicate, and administer a wide range of human capital, retirement, investment management, health care, compensation and talent management strategies. With more than 29,000 professionals in 90 countries, Aon Hewitt makes the world a better place to work for clients and their employees.