Develop, Reward & Retain Your Employees

Workforcethrive’s web-based Talent Management tools simplify the review, compensation and training process from pre-hire to retire. Fully unified with HR, Benefits, Time Management and Payroll, your HR team can control costs, maintain compliance and improve productivity using a single platform with real-time access.

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Performance

Engage your employees and get their feedback using automated workflows for review processes. Management and HR can collaborate to evaluate employees and employees can review their performance online. Automated alerts and reminders keep form completion, feedback and approvals on track.

Goals – Allow employees to communicate their career goals and track their progress as part of your performance evaluation process.
Review Effects – Merit-based increases and bonuses integrated into the review process allow Management to recommend a new position for high performers.
Weighted Scoring – Multi-Tiered reviews with weighted scoring results in a review process that is objective.

Companies who have formalized employee engagement programs have 26% higher annual revenue growth than those who don’t. (Source: Aberdeen)

Compensation Management

Performance reviews tie into your Merit Matrix to keep promotions, merit-based, and cost of living increases consistent and manageable. Set department budgets and empower your managers to recommend new rates based on the performance ratings of their staff.

Compensation Cycles – Consistent compensation cycles allow for stable financial planning and budgeting forecasts that are accurate and consistent. Factor in employee performance using a Merit Matrix tool to award pay increases based on employee performance and pay grade.
Define Budgets – An intuitive interface allows you to define budgets and set salary controls for each compensation cycle. Managers fill in their compensation worksheet and recommend new rates while automated budget constraints keep an eye on the bottom line.
Automate Proposed Increases – Proposed increases can be triggered by a performance review and automated through approval workflows. Alerts and reminders are automatic. A “mass finalize” function makes it simple for HR to review and approve increases for all employees.

Trainings and Certifications

With Workforcethrive, stay on top of professional development with automated reminders that show who needs training and when. Your HR team can define job-specific training courses, assign employees and track completions. Professionals can stay on top of certification renewal and CEU’s with consistent tracking and automatic system notifications.

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Companies who have formalized employee engagement programs have 26% higher annual revenue growth than those who don’t. HCM technology returns an average of $9.13 for each $1.00 spent. Initial implementation of cloud-based HCM solutions can cost 79% less than on premise solutions. Companies experience about 90% in savings for ongoing maintenance.

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