ARLINGTON, Va., March 30, 2017 (GLOBE NEWSWIRE) -- Willis Towers Watson (NASDAQ:WLTW), a leading global advisory, broking and solutions company, has just released a new version of Willis Towers Watson Compensation Planning Software. Enhanced features include:
- Cascading budgets — This new functionality allows managers to allocate budgets in a discretionary manner without having to involve system administrators. Putting additional discretion in the hands of budget managers drives increased accountability and engagement in the strategic compensation management process.
- Total compensation planning — Managers can now plan total compensation for their employees on a single line. Providing planning managers with increased visibility into the mix of rewards provides the ability to personalize compensation profiles to the individual employee.
- Enhanced reporting — Client-specific fields are now available in the reporting module, providing flexibility to design reports containing client-defined data, including localized column headers and decimal formatting.
- Streamlined manager navigation — A significant reduction in the clicks needed for decision makers enables critical actions to be completed in a timely manner.
“Many of the enhancements in this release are a direct result of client feedback we’ve received and utilization patterns we’ve studied,” said Jenn Kelly, Willis Towers Watson Compensation Planning Software product leader. “We’ve included several significant new features and greatly improved the user experience. This release continues our focus on reducing the administrative burden during the compensation cycle and simplifying the process for managers.”
Willis Towers Watson enables organizations to manage the entire compensation management life cycle from design and administration to the decision making and calibration processes and ending with personalized employee communications. Its HR software builds upon the cumulative knowledge of over 600 reward consultants and industry-leading compensation survey data to create a total compensation management solution.
“Compensation planning is essential to optimizing organizational performance by simplifying and personalizing how employees are rewarded,” said Mark Smith, CEO and chief research officer of Ventana Research. “The latest release of Willis Towers Watson Compensation Planning Software brings powerful capabilities to help compensation processes not just save time but also bring optimal outcome to the entire workforce.”
This new release of Willis Towers Watson Compensation Planning Software is currently available for implementation.
About Willis Towers Watson
Willis Towers Watson (NASDAQ:WLTW) is a leading global advisory, broking and solutions company that helps clients around the world turn risk into a path for growth. With roots dating to 1828, Willis Towers Watson has 40,000 employees serving more than 140 countries. We design and deliver solutions that manage risk, optimize benefits, cultivate talent, and expand the power of capital to protect and strengthen institutions and individuals. Our unique perspective allows us to see the critical intersections between talent, assets and ideas — the dynamic formula that drives business performance. Together, we unlock potential. Learn more at willistowerswatson.com.