What if you could make faster, better, more informed decisions around compensation and salary planning— in a matter of minutes or hours rather than months? You can with TalentScope’s compensation and salary planning tool, CompStudio. This application can be implemented as a standalone system or it can be integrated with the TalentStudio talent management software suite.

CompStudio solution

Research shows that on average it takes between two and four months to complete an annual pay review process – from agreeing to the budget parameters and overall spend, to ensuring the reviewing managers are identified and have the right information to work with.  Not anymore.

CompStudio provides access to powerful, intuitive tools for making informed and equitable compensation decisions. As a result, you can reclaim valuable time to devote to other more strategic projects. What’s more, with CompStudio you can set up rules that align with your business and drive the corporate pay policy into divisional, departmental and individual pay decisions.

Using CompStudio, you can be more efficient at:

• Allocating pay based on performance – ensuring that pay policies are fair and equitable
• Apportioning pay increases across the entire business on a variety of criteria
• Creating multiple budget plans in line with structure, business units or locations
• Ensuring compliance to compensation policy and guidance
• Taking control of their staff in local currencies with cascading pay budgets
• Permitting local changes to be applied within pre-defined budget limits
• Distributing merit based compensation including base salary, variable pay and bonuses
• Generating configurable individual compensation statements 

Even though TalentStudio’s intuitive design makes it easy for any authorized user to apportion pay increases with little training, our software suite is designed to be secure and reduce the risk of human error. TalentStudio’s integrated platform also eliminates the need for pay increase data to be manipulated in a variety of office applications outside. As a result, the risk of sensitive information being sent and circulated via unsecured email is reduced. With hierarchical control in the hands of the administrators, user access is restricted to ensure that only the data you want is displayed.