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The power of 3: Non-durable, consumer goods company reinvents its global compensation approach

Compensation Strategy & Design|Talent
N/A

August 30, 2018

A case study describing how a dynamic combination of enterprise-strength technology, world-class professional services and reliable data enabled end-to-end automation enabled this non-durable consumer goods company to run more efficiently and effectively at a global level.

After years of expansion to new markets and geographies, executives at this nondurable consumer goods company aspired to run more efficiently and effectively at a global level by implementing consistent pay programs across their operations.

20,000 employees Six continents Dozens of production facilities Nearly $7B annual revenue

The Willis Towers Watson difference

A dynamic combination of enterprise-strength technology, world-class professional services and reliable data, enabled end-to-end automation of job leveling, market pricing, compensation program design and ongoing governance for this leanly staffed compensation team.

1. Advice: A globally consistent job architecture was developed using the Global Grading System, one of the feature sets within Willis Towers Watson Compensation Software.

Willis Towers Watson’s Global Grading System is a proprietary job leveling methodology used to help organizations determine the relative internal value of jobs. Using a two-step process of Banding and Grading, all jobs are analyzed using a universally applicable set of compensable factors that have been proven to recognize real differentiation in job size. Global Grading was designed to accommodate any type of organization by scaling the overall framework using a combination of revenue size, head count, diversity and complexity of products and services, as well as geographic breadth.

2. Data: Survey participation and report purchases of Willis Towers Watson compensation data were aligned to the company’s employee populations and bundled into a Global Data Agreement for better ROI.

The purchase of Willis Towers Watson compensation survey data was bundled into a Global Data Agreement that included a license for Willis Towers Watson Compensation Software. This provided an efficient platform with a low investment for implementing and licensing data and software in the first year and beyond.

3. Software: Willis Towers Watson Compensation Software was leveraged to benchmark jobs against market data and develop consistent pay structures.

With job levels underpinned by the Global Grading System and with global survey data sources in place and delivered through Data Interactive, the corporate compensation team was able to leverage Willis Towers Watson Compensation Software to design, build and manage an effective compensation structure that places total compensation within the context of performance, market benchmarks and systemwide equity.

Making the right connections across our consulting, data and software allowed the team to quickly implement consistent pay programs on a global scale. One platform for the company’s job framework, year-over year market updates and Willis Towers Watson survey reports were the winning combination for this non-durable consumer goods company.

It’s more than just software

Total compensation management starts with Willis Towers Watson Compensation Software. With three integrated feature sets, our software brings together interactive benchmark data, job leveling and compensation analytics and design, so you can create a true pay for performance culture that rewards the best employees and improves their engagement and retention.

Willis Towers Watson Compensation Software

Analytics and design
Data interactive
Job leveling
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