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SPOTLIGHT ON COMPENSATION PLANNING SOFTWARE Tuesday, 14th October 2014 | LONDON E-REWARD.CO.UK CONFERENCE Presentation to conference by: Robert Gerdes, VP of Global Compensation and Benefits, Case New Holland Industrial Robert's presentation looks at choosing a single, integrated compensation management system and deploying it globally.
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Compensation Management Tool
Rob GerdesVice President - Global Compensation & Benefits
CNH IndustrialOur Products
Trucks Buses Firefighting Equipment Crawler Excavators
Enginesand TransmissionsSkid Steer Loaders
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Tractors Combines
CNH IndustrialKey Figures (31 Dec 2013)
1group
12brands
48R&D Centers
62plants
190national markets
71,192employees
$ 33,836million revenues
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4
Strategy to Data and ProcessesAchieve & Earn
Wo
rld
of
pro
cess
es
Compensation Team
Managers
Employees
CFO / Auditors
Setup Calculation
Simulation Reporting
Communication
Target Setting Approvals
Performance Reporting
Communication
Objectives Statements
Performance Dispute Mgmt
Documentation
Planning Traceability
Costs Auditing
Accruals Reporting
Organization
Hierarchy
Regions
Countries
Wo
rld
of
da
ta
Performance
Market Data
People
Budget
Targets
Results
Reviews
Appraisals
Global Strategy
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Change is needed to enable greater sophistication
Technology
Experience
Control
• Multiple desperate systems (HRIS,
Spreadsheets, local versions, Sales
systems, finance systems, etc)
• Lack of compensation technology
• Labour intensive
• Revalidating / recalling designs
• Challenging to meet tomorrows needs
Today
• Greater chance for manual errors
• Difficult to control and report on total
spend
Compensation System - Current StateDisparate Compensation Systems + Information
Single, integrated, global compensation tool to process:- Bonus
- Salary
- Sales
- Improve accuracy
- Disparate systems joined …… as much as possible
- Automate manual tasks + processes
- Automate reports
- Consolidate information
Compensation System - Future Vision
We have our challenges:- 3 way merger last year- New bonus plan- Global Solution- Multiple compensation plans (base, bonus + sales)- Complex employee reporting relationships- Deferred compensation in Capital business- Dual payroll instances- Varying employee eligibility by country- Finance team modeling- Audit reporting, etc
Compensation System
After analyzing a number of different market leading vendors, to ensure ability to handle our requirements, beqom was selected.
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Any Questions ?
