Many large organisations continue to depend on countless spreadsheets for remuneration planning. While suitable for simple calculations, spreadsheets quickly become inefficient and risky when managing complex pay structures, multiple business units, and large employee populations. This outdated approach often results in a time-consuming, costly process that distracts from what truly matters — rewarding and retaining key talent.

Ensuring the right remuneration for each individual is not just an administrative task but essential to building loyalty and retaining top performers. However, without the right tools, organisations struggle to identify and fairly compensate high-potential and star employees, putting retention and employee satisfaction at risk.

MCi’s Remuneration Planner has been built on the IBM Planning Analytics TM1 platform and provides an alternative to having countless MS Excel spreadsheets being sent back and forth within an organisation.

MCi’s Remuneration Planner provides the following:

• Centrally managed guidelines ensuring that strategic remuneration objectives are adhered to.
• Managers at all levels of the organisation are empowered to recognise, reward and motivate their team through individual attention and focus.
• Validation against peers and salary survey data ensures top talent retention and reducing regrettable staff turnover.
• A real-time view of the total new salary bill, bonus pool, exceptions and the impact of effecting changes in guidelines is available.