Towers Perrin Introduces Solution for Compensation Administration Needs

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<strong>Stamford, Conn. &mdash; April 23</strong><br />Towers Perrin today announced the launch of a compensation administration tool with built-in talent management capability: Comp Agility. An advanced set of Web-based tools and supporting services, Comp Agility is designed to meet the evolving needs of human resource departments.<br /> <br />&ldquo;Today&rsquo;s companies rely heavily on the efforts, ideas and contributions of their workforce and are constantly challenged with finding, keeping and motivating their mission-critical talent to meet business demands,&rdquo; said Susan Haslett, principal with Towers Perrin. &ldquo;Comp Agility gives companies the tools to tap into a vast amount of global, real-time data and insight with powerful intellectual capital built-in, providing decision-quality information within the context of career and talent management. As a result, companies can easily ensure they&rsquo;re competitively positioned in the market and turn their focus to more strategic issues, such as development of their employees.&rdquo;<br /> <br />Comp Agility is powered by Towers Perrin&rsquo;s proprietary Career Map workforce architecture that helps organizations facilitate job, role and competency management in conjunction with market-based compensation analysis in a career-oriented framework. The resulting output provides a complete overview of a company&rsquo;s workforce and talent pool, combined with the benefits of a fully integrated compensation administration system. Comp Agility addresses the need for comprehensive, flexible administration solutions in a Web-based platform that incorporates fully scalable and customizable modules, such as Market Analyzer and Role Analyzer, that provide additional levels of information management, evaluation, reporting and analysis.<br /> <br />&ldquo;Comp Agility is a significant upgrade from any other software solution in the compensation administration sector,&rdquo; said Haslett. &ldquo;With Comp Agility, Towers Perrin has created an all-in-one system that offers the universal benefits of global accessibility and adaptability critical to efficient compensation administration services, while allowing organizations to use as much or as little of the tools and supporting services as they need.&rdquo;<br /> <br />Web-based Comp Agility is a complete solution and allows for users around the world to utilize and customize the tool&rsquo;s content and applications to meet their needs. Job descriptions and competency models can be adjusted to address market and internal considerations, and compensation design can easily be analyzed with region specific data. <br /> <br />In addition to its design superiority, Comp Agility complements the analytical power of Towers Perrin&rsquo;s market-leading online survey data analysis tool, Comp Online, and is supported by the company&rsquo;s industry-leading consulting services and intellectual capital. <br />

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