QMR Labs\' Comp. Planner product optimizes salary structure in an organization, and allocation of budget at each employee level. It is a workflow-driven Intranet product, and comprises 5 modules: Salary Budget Estimation, Budget Allocation, Bonus Allocation, Stock Options Allocation, and Salary Distribution (Execution).
Compensation Planning & Optimization IT Product
1. QMR LABS
QMR’S COMP.PLANNER
Discover and Optimise your Compensation Budget Allocation for
Strategic Talent Management
Manage and retain Talent through strategic
Compensation Planning.
Discover the optimal Compensation Budget
for your upcoming annual Compensation Cy-
cle, while balancing the impact on organisa-
tion’s resources and optimally allocate your
Compensation Budget.
Reward your employees optimally for their an-
nual performance with Q M R ’s
Comp. Planner.
IMPROVING ON
IMPROVEMENTS
QMR LAB S PVT.LTD.
451, Central Facility Building,
APMC 2, Vashi
New Bombay - 400 709
Phone: +91-22-27882986
E-mail: contactus@qmr-labs.in
2. QMR’S COMP.PLANNER
PRODUCT DESCRIPTION
QMR’s Comp.Planner facilitates the HR Managers’ in estimating the most optimal Compensation Budget and optimally allocat-
ing the actual Compensation Budget to adequately reward employees for their performance and potential. HR Managers can thus
optimally spend the Compensation Budget as strategic tool for rewarding and retaining employees.
A. COMPENSATION BUDGET ESTIMATION
QMR’s Comp.Planner helps HR Mangers estimate the optimal Com-
pensation Budget for the upcoming annual Compensation Cycle by
varying over 10 parameters with respect to three key factors - Merit
Rating, Market Correction & Promotions.
B. SALARY PLANNING & ALLOCATION
QMR’s Comp.Planner helps HR Managers optimally allocate the an-
nual Compensation Budget towards annual salary increments and pro-
motions to employees on the basis of their Annual Performance assess-
ment & current compensation levels.
C. BONUS PLANNING & ALLOCATION
QMR’s Comp.Planner helps HR Managers optimize the allocation of
annual Bonus Budget to employees on the basis of Annual Performance
assessment and in line with organization’s Compensation strategies.
D. STOCK OPTIONS PLA NNING & ALLOCATION
QMR’s Comp.Planner helps HR Mangers optimally allocate stock options among key employees based on their seniority, per-
formance levels and talent potential, and thus use special incentives strategically to motivate and retain critical resources.
QMR’s Comp.Planner facilitates Optimal Estimation and Allocation of annual Compensation budget on the basis of::
Annual Performance Appraisal (Merit Rating)
Leadership Capabilities (Talent Potential)
Current compensation level with respect to industry benchmark (Market
Correction), &
Employees eligible for Promotion in the current Performance Appraisal
cycle (Promotions)
QMR’s Comp.Planner is intended to facilitate decision-making by Compensation
Planners by optimizing the Estimation and Allocation of Compensation Budget
across multiple parameters.
THE QMR ADVANTAGE: COMPENSATION ANALYTICS
QMR’s Comp.Planner is a 360o solution to your Compensation Budget Estimation
and Allocation Planning process, and comprises of two components:
QMR’s proprietary Compensation Analytics Framework, &
Compensation Budget Estimation & Allocation Planning Tool
QMR Labs’ proprietary Compensation Analytics framework optimises your Com-
pensation Budget Estimates by optimizing the employee data inputs along 3 key
factors by :
3. A T T R I T I O N M O D E L I N G QMR Labs’ proprietary framework predicts the expected Attrition level and the number of
New Joinees for a given Compensation Cycle, and therefore further optimizes the Compensation Budget Estimate.
P R O M O T I O N P R E D I C T I O N QMR Labs’ proprietary framework predicts the number of promotions at each level/
grade and further optimizes the annual Compensation Budget Estimate.
M A R K E T G R O W T H E S T I M A T I O N QMR Labs’ proprietary framework estimates the expected increase in market
compensation levels for the upcoming compensation cycle.
PRODUCT FEATURES
R O B U S T O P T I M I Z A T I O N QMR’s Comp.Planner helps HR Mangers estimate the most optimal Compensation
Budget at the beginning of the Compensation Cycle and allocate the actual Compensation Budget towards annual Salary &
Promotion increments & Incentive budgets (Bonus & Stock-options) in the most optimal manner with respect to employee
performance (Merit Rating) and current compensation levels (Market Correction), by varying over 10 different parameters.
E X T E N S I V E R E P O R T I N G & A N A L Y T I C S HR Managers can generate detailed reports to estimate the impact
of over 10 variable parameters, with respect to three key factors - Merit Rating, Market Correction & Promotions on Compen-
sation Budget Estimate & actual Compensation & Incentive (Bonus & Stock-options) Budget Allocation.
E A S E O F C O N F I G U R A T I O N HR Managers can configure over 10 variable parameters for three key factors - Merit
Rating, Market Correction & Promotions, as per their requirements to optimize the Compensation Budget Estimation and ac-
tual Compensation & Incentive (Bonus & Stock-options) Budget Allocation.
B E N C H M A R K I N G HR Managers can compare and benchmark current compensation levels with the best in industry, to
decide their own industry position, and estimate the optimal Compensation Budget and allocate the actual Compensation &
Incentive (Bonus & Stock-options) Budgets
in line with the organization’s desired posi-
tioning.
S C E N A R I O - B U I L D I N G HR Man-
agers can run numerous “What-if Analysis”
to estimate the optimal Compensation
Budget and allocate the actual Compensa-
tion & Incentive (Bonus & Stock-options)
Budgets under multiple scenarios, by vary-
ing up to 10 different parameters influenc-
ing the three key factors - Merit Rating,
Market Correction & Promotions. For e.g.
an HR Manager can estimate the Compen-
sation Budget if he wants to promote 5%
employees vs 10% employees.
II. TECHNOLOGY FEATURES
W O R K - F L O W M O D E L I N G QMR’s Comp.Planner models the work-flow for Compensation Budget Estimation and
actual Salary & Incentive (Bonus & Stock-options) Budget Allocation - Input Modeling & Upload, Scenario Building, Budget
Optimisation, Reporting & Analytics, and Output Visualization & Data Export.
U S E R - F R I E N D L Y I N T E R F A C E HR Managers can easily learn and use QMR’s Comp.Planner to generate multiple
reports by varying up to different 10 parameters influencing the three key factors - Merit Rating, Market Corrections & Pro-
motions.
I N T E R F A C E W I T H H R I S QMR’s Comp.Planner can be seamlessly integrated with the organization’s legacy appli-
cations through ODBC connectivity.
KEY BENEFITS:
I. PRODUCT BENEFITS
4. C O M P L E T E C O M P E N S A T I O N O P T I M I S A T I O N QMR’s Comp.Planner is a complete solution for estimation
of optimal Annual Compensation Budget and optimal allocation of Salary & Incentive (Bonus & Stock-options) Budgets with
respect to employee performance and current compensation levels.
S P E N D O P T I M I S A T I O N QMR’s Comp.Planner helps HR Managers optimally allocate the annual Compensation
and Incentive Budgets as per organizational policies, with respect to employee performance and their current compensation
levels inorder to minimize attrition levels among high performers and key talent. This in turn reduces/saves the additional cost
that would be incurred towards recruitment, training & induction of new employees, opportunity cost loss of sales due to attri-
tion, and advantage to competition. Thus the benefits from Optimisation of Compensation Budget – Estimation & Allocation
Planning far outweigh the product cost.
M O T I V A T I O N T O O L QMR’s Comp.Planner optimises the allocation of annual salary increments & incentives to em-
ployees on the basis of their annual performance levels and talent potential, thereby helping HR mangers use compensation as
a strategic tool to motivate and retain key employees.
V A L U E A D D E D B E N E F I T S QMR Labs’ Compensation Analytics framework optimises the input data through de-
tailed analysis of current and past compensation policies and other employee attributes, to further optimize the Compensation
Budget Estimates and allocation of actual Salary and Incentive (Bonus & Stock-options) Budgets.
V I S I B I L I T Y QMR’s Comp.Planner gives visibility to HR Managers on the contribution of three key factors to Compen-
sation Budget Estimate and actual Salary & Incentive (Bonus & Stock-options) Budget Allocation. The HR Managers can also
see the impact of Bonus Allocation under multiple scenarios, with respect to organizational policies & employee performance.
II. TECHNOLOGY BENEFITS
P R O C E S S A U T O M A T I O N QMR’s Comp.Planner automates the Compensation Budget Estimation and actual Salary
& Incentive (Bonus & Stock-options) Alloca-
tion processes, thereby standardizing and sim-
plifying the overall process flow, which in
turn reduces the process cycle time and re-
leases the HR Managers’ time for more strate-
gic activities.
RESOURCE INDEPENDENT
QMR’s Comp.Planner renders your Compen-
sation Budget Estimation & Salary & Incen-
tive (Bonus & Stock-options) Allocation proc-
esses resource independent, as QMR Labs
provides end-to-end solutions for optimal
Compensation Budget Estimation, actual Sal-
ary & Incentive (Bonus & Stock-options) Al-
location & Compensation Analytics & gives you the output - optimal Budget Estimate & Salary & Incentive (Bonus & Stock-
options) Allocation.
S C A L A B L E S O L U T I O N QMR’s Comp.Planner has a scalable architecture capable of meeting the organisation’s
growth needs in terms of people, business operations etc.
QMR LABS
QMR Labs is a young, upcoming organisation that develops innovative solutions across various sectors such as Supply Chain,
Manufacturing and Services. It is an Analytics & Decision Product-centric company that develops tailored business solutions
in Distribution & Logistics, Project Management, Discrete Manufacturing factories & Service industries, using leading-edge
technologies like Simulation and Optimization.
QMR Labs has till date successfully engaged with several leading clients in these areas. The company offers innovative solu-
tions across three broad business areas:
Decision & Collaboration (Web-enabled) Product Development,
Statistical Analytics &
Business Consulting.