(Source: Business Wire)
Softscape, the global leader in people management software, today announced that the Ventana Research 2009 Value Index for Total Compensation Management identifies Softscape as the overall top supplier of total compensation management solutions bringing the highest overall value to the marketplace. Based on the weighted factoring of seven product and customer assurance categories, Softscape was rated the top supplier of compensation management software and qualifies as a "hot" vendor.
According to the Ventana Research, "The Ventana Research Value Index: Total Compensation Management in 2009 is the distillation of a year of market and product research efforts by Ventana Research, the premier benchmark research and advisory services firm. Built on a foundation of 10 years of business and technology research, this unbiased fact-based index is the first such industry undertaking to assess the value of software designed specifically for enabling Total Compensation Management."
"The importance of Total Compensation Management has become evident with the growing complexity of managing workforce performance and talent in organizations today," said Mark Smith, CEO & EVP Research, Ventana Research. "Softscape's rating as overall ˜Hot Vendor' places them as a key solution provider that organizations should evaluate for compensation processes."
Softscape's compensation solution is comprised of two key elements to support the needs of complex global organizations: Compensation Planning and Incentive Compensation.
Softscape Compensation Planning automates and manages the planning, modeling, budgeting, analysis, and execution of enterprise-wide compensation plans. This solution enables organizations to develop and apply consistent compensation plans to all employees.
Softscape Incentive Compensation motivates employees and manages financial rewards within an organization. This solution streamlines incentive policy administration and provides long-term planning for both market- and performance-based plans, as well as variable pay flexibility for individuals, teams, sales, or executives.
While Softscape's compensation solution on its own solves enterprise-wide compensation administration and management problems, when combined with Softscape's Performance Management system, organizations can readily establish a high performing, merit-based culture, often referred to as pay-for-performance. Softscape also develops robust reporting and analytic solutions that provide accessible and secure cross-functional compliance reports and audit trails of all transactions related to compensation and performance.
