Software as a Service (SaaS) technology makes it easier than ever before to analyse and model pay data

Hay Group, in partnership with Cezanne Software, today announced the launch of their new on demand salary analysis service. The new functionality significantly strengthens the services Hay Group provides to customers through their global reward information portal, Hay Group PayNet®.

Using the new service customers will now be able to easily bring together salary survey information from PayNet with their own pay data, and then analyse and model that information to reach effective pay decisions.

Steve Marsden, Head of Reward Information Services at Hay Group, said: “For most companies, the only way to analyse and model pay data is through spreadsheets. These are often frustratingly difficult and time consuming to manage and rarely allow for the level of analysis that’s required to design and implement effective pay policies in today’s competitive business environment.

“With this new service, we provide a solution that allows our customers to take their pay analysis and modelling to the next level. They’ll be able to quickly bring together the relevant data, and then take advantage of the tool’s graphical modelling to clearly visualise existing reward structures in the context of the market, as well as explore different pay scenarios to see which ones give them the best results.

He adds: “Since the salary analysis service is offered on a hosted – or on demand – basis, customers can be up and running quickly and at low cost, and access can then be provided instantly to multiple users across their organisation. There is no need to install and configure applications on site; customers simply access the new functionality through their log on to PayNet.”

The salary analysis service has been developed in co-operation with Cezanne Software, a leading provider of HR and compensation software solutions.

About Hay Group PayNet®

Hay Group PayNet® is an innovative, internet-based service that helps our clients make decisions regarding compensation & benefits for their employees - both locally and globally. Our databases cover more than 7 million individual records from over 13,000 of the world’s leading organizations in more than 60 countries.

About Hay Group

Hay Group is a global consulting firm that works with leaders to turn strategies into reality. We develop talent, organize people to be more effective, and motivate them to perform at their best. Our clients are from the public and private sector, across every major industry, and represent diverse business challenges. Our focus is on making change happen and helping organizations realize their potential.