Case Study: Global FSP
In common with many similar organizations, Global Financial Services Provider is facing increasing regulatory pressure on compensation process management, budget constraints and the need to ensure alignment of pay awards with individual employee performance.
Our client had begun to introduce new technology to streamline its reward practice. For example, employee benefits management had been migrated on to a flexible benefits system. However, the annual compensation review was driven from spreadsheets supported by manual processes. Our client recognized the necessity to directly align individual employee performance with reward. A decision was made to introduce new technology to manage the annual performance management and compensation cycle. Having spent over 2 years on the development of a customized system, with limited success, they partnered with Curo to deliver a secure, web-based solution, to shorten the review cycle timeline, improve process transparency, and gain more control over budgets.
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