remcentral - aon hewitt
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RemCentralHelping you to manage, automate and streamline your salary review process
Managing salary reviews using multiple independent spreadsheets and numerous manual interventions doesn’t always provide the required levels of consistency and accuracy needed for this important 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 value Get the salary review right and you're a genius, get it wrong and you're out of a job!
RemCentral is an Excel-based programme that assists organisations to manage, automate and streamline their salary review process allowing HR teams to focus on the tasks that will significantly influence 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 organisation's 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 manager's 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.
The Aon Hewitt approach RemCentral includes the following functionality:
Salary Review & Management Software Version 5
Data Changes Data Transfers
Reports/Summaries Salary Review Letters
Other Information
RemCentral
Export Import
LettersSetupGenerateSummary
Reports
Passwords
About Aon Hewitt/User Guidelines
Data Sheet
Merit Matrix
To return to this main menu
press Ctrl M 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 employee's position to market, performance rating and organisation salary review budget
> 20% below median
At median> 20% above
median
Unsatisfactory 0.0% 0.0% 0.0%
Below expectations 1.5% 1.0% 0.5%
Achieves expectations 3.5% 3.0% 2.5%
Above expectations 4.5% 5.0% 3.5%
Exceptional 7.5% 7.0% 6.5%
Position against external market
Per
form
ance
R
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Merit Matrix(Salary increases)
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 database
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 your organisation. Typically implementations range from 6 to 8 weeks.
About Aon Hewitt Aon Hewitt is the global leader in human capital consulting and outsourcing solutions. We design, 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. www.aonhewitt.com
Aon Hewitt Contacts:
Steve Munday+44 (0)207 086 9213
Victoria Laidler+44 (0)207 086 9641
Jackie Waller+44 (0)172 788 8394
aon.co.uk