Automating Year End Compensation Review with Topia
The Challenges
Annual global mobility compensation review process was taking more than 6 FTEs nearly a month of full time and overtime to complete
Inefficient process: Multiple third-party tools and resources required to perform the compensation review process
With assignees often on back-to-back assignment, the absence of a central system for assignee data caused many errors and issues
Lacked self-service tools for employees to update change of life events, impacting compensation and resulting in escalations and significant effort recalculating compensation
Reduced compensation review duration from weeks to days and the process can be managed by a team of two
Moved from slow and costly offline Big 4 calculations to automation within the platform with no per-calculation fees - saving ~$500 per cost estimate
Assignees can make self service updates and decide if they want their bonus split between home and host country - simultaneously improving data quality and employee satisfaction
Consolidation to a single integrated software tool saves time and money while generating insight across the mobile population
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