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NEOS and Remuneration Management
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A DIFFERENT APPROACH TO REMUNERATION MANAGEMENT
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NEOS Remuneration System:-
- Allows you to manage Remuneration Reviews in a very different way by using our unique web-based
non-opinionated open-delivery platform.
- Uses your position classification criteria, your salary policy and your market rates to produce
automated remuneration recommendation report that show all these factors.
- Minimises subjectivity and helps you ensure your remuneration reviews occur quickly and efficiently;
helping you to get back to and concentrate on your core business.
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Successful Remuneration Management
In our experience this requires four distinct steps to ensure both the line manager and HR department
perspectives are correclty aligned when recommending remuneration changes. The steps are:
- Assessment against your defined position classification criteria
- Comparison of the position classification against your salary policy
- Comparison of your salary policy for that position type and classification against market rates
- All other factors that may impact on remuneration decisions
NEOS different approach to Remuneration Reviews does all this.
NEOS's soultion
Is different to other Remuneration Management approaches and systems in that it is:
- Fair
- Transparent
- Administratively effective and efficient
- Flexible (can cope with changes to the criteria easily)
- Easy to use
- Robust and
- Provides justifiable assessment and reporting
Nb: NEOS does not define your classification criteria, salary policy or market rates.
However our unique design guarantees amendments to any of these issues will be updated by us
(with no charge to licensed users) within four working weeks.
To learn more about our different approach to remuneration reviews
and how it may assist you, contact us at admin@neoshr.com.au.
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