Halogen Software Inc., a leading provider of Web-based employee performance management (EPM) software, today announced Halogen eCompensation, a powerful new complement to its flagship Halogen eAppraisal and eAppraisal Healthcare products. Halogen eCompensation automates the entire compensation adjustment process, including salaries, bonuses, variable pay, and share option packages.
Ottowa (PRWEB) June 14, 2005 -- Halogen Software Inc., a leading provider of
Web-based employee performance management (EPM) software, today announced
Halogen eCompensation, a powerful new complement to its flagship Halogen
eAppraisal and eAppraisal Healthcare products.
Halogen eCompensation automates the entire compensation adjustment process, including salaries, bonuses, variable pay, and share option packages. It replaces error-prone manual compensation reviews with an easy-to-use, accurate, and secure Web-based system that links employee performance to compensation adjustments and helps managers more easily distribute and track their compensation budgets.
Halogen eCompensation is already a hit with Halogen customers. “This product will be a natural extension of our employee performance process,” said Trace Brigante, Vice President Director of Project Management at HomeBanc Mortgage Corp. “We’ve automated our appraisal system with excellent results using eAppraisal. Now it makes sense for us to tie into that success, and use eCompensation to enhance our pay-for-performance culture.”
Other customers who have signed up to receive Halogen eCompensation include Clark Nuber, Koch Cellulose LLC, International City/County Management Association, Hardesty & Hanover LLP, Fishbeck, Thompson, Carr and Huber, Inc., Automation Engineering Inc., Fluent Inc., and Mubadala Development Company.
On its own, Halogen eCompensation is a valuable tool for avoiding the complexity and errors that can creep into manual pay adjustments, especially those based on merit. In tandem with Halogen eAppraisal, which automates and simplifies employee appraisals, Halogen eCompensation provides compensation adjustments that automatically reflect performance appraisals and corporate guidelines.
Halogen eCompensation can suggest pay increases based on performance and other criteria, and automatically flags compensation adjustments that are outside company recommended salary scales and budgets. It also provides managers with instant access to past appraisals, goal and development plans, and other individualized information needed to make fair and accurate compensation adjustments. Once managers establish and approve new compensation packages, Halogen eCompensation automatically generates a report that can be exported to an automated payroll system.
Halogen will be demonstrating Halogen eCompensation at the SHRM annual conference in San Diego on June 19-21, with general availability in July.
About Halogen Software
Halogen Software Inc. is a leading provider of employee performance management (EPM) solutions. Founded in 2001 as a subsidiary of a successful consulting company, Halogen offers powerful, easy-to-use, and affordable Web-based software that dramatically improves HR and line-manager productivity. The company's flagship product, Halogen eAppraisal™, automates and simplifies time-consuming employee appraisals. Halogen eAppraisal™ Healthcare, created specifically for the healthcare industry, helps to simplify the task of performing appraisals and meeting accreditation criteria. Halogen e360™ automates and simplifies formal 360-degree feedback procedures and offers sophisticated performance reporting. Their newest offering, Halogen eCompensation™ automates the entire compensation adjustment process including budget distribution and approval. For more information on Halogen Software, visit: www.halogensoftware.com.
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Source : http://www.prweb.com/releases/2005/6/prweb251056.htm