Reward management

Employee compensation and payroll is another crucial area for HR. Other compensation related parameters include incentives, overtime, variable pay and more.

HR also needs to, on an ongoing basis, keep track and analyze compensation versus performance. There is some overlap with finance where in HR needs to analyze costs per full time employee, that is labor cost as a percent of total revenue. Variable compensation is often tied to the profitability of a company and this analysis is very valuable to HR.

HR will also need to analyze the optimum number of HR people required to serve the entire workforce. Human capital Return on Investment (ROI)  is another factor which needs to be looked in to.

A consultant should plan a relevant application to cater to these HR needs. Data security will be an area which will need to be given a lot of priority. The consultant can do value-add and suggest automation wherever possible to save time. Payslip generation and scheduling can be suggested using Qlik Nprinting. This will take away a significant burden from HR.