Hay Group Launches New "On Demand" Salary Analysis Tool

Business Wire, Jan 10, 2007

New Service Makes It Easier Than Ever Before to Analyze and Model Pay Data

PHILADELPHIA -- Hay Group, in partnership with Cezanne Software, has launched a 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[R].

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 analyze and model that information to reach effective pay decisions.

Steve Marsden, Head of Reward Information Services at Hay Group, said: "For most organizations, the only way to analyze 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 visualize 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. 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[R]

Hay Group PayNet[R] 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.

To learn more, please visit www.haypaynet.com.

About Hay Group

Hay Group (www.haygroup.com) is a global consulting firm that works with leaders to transform strategy into reality. It develops talent, organizes people to be more effective and motivates them to perform at their best. With 88 offices in 47 countries, it works with over 7,000 clients across the world, from the private, public and not-for-profit sectors, across every major industry. Its focus is on making change happen and helping people and organizations realize their potential. Hay Group conducts annual research on Most Admired Companies for Fortune Magazine and on the Best Companies for Leaders for Chief Executive Magazine.

About Cezanne Software

Cezanne Software is a leading supplier of software systems for compensation planning and human capital management with customers across Europe, the Americas and Asia Pacific.

The organization's integrated suite of applications include systems for salary analysis, pay review, compensation budgeting, employee performance management and stock option administration and reflect many years' experience of working with clients, independent consultants and academics at the forefront of best practice in reward planning and management.

Cezanne Software's focus is to provide flexible, people-centred solutions that improve the day-to-day execution of reward strategies, help drive critical employee performance processes and enable organizations to achieve and sustain a competitive talent advantage.

In June 2006, Cezanne Software merged with long-standing partner HRM Software. The combined company is now branded under the Cezanne Software name.

For more information, please visit www.cezannesw.com.