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Acelero Reward

Acelero Reward: a Remuneration Review Management solution for your organisation

Acelero Reward completes the cycle of online software that enables organisations to better manage their people resources by establishing a true “reward for performance” process linking organisation objectives and individuals’ contributions to achieve improved business performance.

Acelero Reward uses the technology of the award winning “Remunerate” enterprise compensation management product which is well proven and used internationally.  Acelero Reward supports the vast majority of compensation strategies found in the market today and can be deployed in days, not weeks or months (provided customer process knowledge and data is readily available and of high quality).

Here’s how you benefit:

• Easy to use: Acelero Reward is web based and user-friendly. Its workflow walks users through every step of the remuneration pay review process, including notifying those involved, conducting the review, submitting recommendations to the approving manager, and recording and notifying the result.
• Fast Implementation: Implementation timeframes of three weeks can easily be met, given that the customer process and data are readily available.
• Instant information: Acelero Reward’s database is always up to date and can be accessed from anywhere, showing all aspects of the pay review at any point in the process. For pay reviews, the budget and spend is tracked and dynamically updated as salary amounts are allocated so reviewers know how much is still available.
• Flexible: Acelero Reward caters for diverse pay review packages. From base salary and allowances, incentive and bonus recommendations. Any number of incentive payment plans can be defined for an organisation, and any number or combination of allowances can be assigned to each employee. That enables you to tailor incentives, and helps align employee behaviour with business objectives.

• Secure: Acelero Reward uses role-based security, so a person’s position determines what actions they can perform in the system. It can also assign specific privileges, such as view, review or approve, to individual users.

Automating the salary review process requires a lot more than just moving your existing spreadsheet into an online application.  Although this is a big help and significantly improves the line manager experience, the real power and ability to move the organisation forward comes from tools like Reward that also provide integration with HR data stores, budget modelling capabilities, reporting (including an ad-hoc report writer) and notification to employees using multiple templates.  All of these capabilities are able to be used and enhanced in real-time by the Reward administrator to ensure that the process meets the needs of the organisation.

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