Employee compensation and pay progression are crucial components of a company’s overall human resource management strategy. However, many companies still rely on manual methods to manage pay progression, which can be time-consuming, error-prone, and inefficient. This is where CloudApper comes in with their Step Progression Solution, explicitly designed for UKG Pro and Dimensions users.
The Importance of Pay Progression
The importance of a good and fair pay progression plan cannot be overstated, especially in today’s highly competitive job market. A well-designed pay scale that provides incentives for individuals to continue to enhance their skills and remain with the company they work for is key to retaining top talent and keeping employees engaged and content.
UKG Pro and UKG Dimensions for Pay Progression
UKG Pro and Dimensions are widely used human resource and payroll management systems offering some pay progression tools. However, companies may require further customization and automation to meet their specific needs. This is where CloudApper comes in with their step progression solution, which offers an improved method of automatically calculating pay progression.
The CloudApper solution is able to take employee work-hour data from UKG Dimensions and process that data according to the predefined wage tiers specified by the company. Then it transmits the updated wage rate to either UKG Pro or Dimensions, as well as any other third-party payroll system. The entire process is fully automated, ensuring accuracy and promptness.
How CloudApper’s Step Progression Solution Works
To use the Step Progression Solution, the first step is to define the wage tiers based on the company’s criteria. This can be based on an employee’s work hours, job nature, location, or any other measure the company chooses. Once the tiers are established, the system can automatically compute employee compensation based on these parameters.
The solution then obtains work hour data from UKG Dimensions, including normal and overtime hours worked, breaks, and any other relevant information. This data is used to calculate employee compensation based on the established criteria accurately.
Once the data on employee work hours has been gathered, the CloudApper solution automatically computes employee pay progression according to the specified parameters. The system can also automatically adjust employee pay rates in third-party payroll systems such as UKG Pro, Dimensions, or any other system.
The entire process is fully automated, guaranteeing accuracy and timeliness in the computation of employee pay progression. With the help of this solution, businesses can ensure that their pay progression plan is effective, fair and provides an incentive for workers to stay with the firm and continue to improve their abilities.
Benefits of Automating Pay Progression with CloudApper
Companies must utilize technology to streamline their processes and improve efficiency in today’s fast-paced business world. CloudApper’s step progression Solution offers UKG Pro and Dimensions users a customized, automated solution for managing pay progression, reducing the potential for errors and delays associated with manual methods. A study by McKinsey & Company found that companies that embrace automation see an average of 10-30% reduction in labor costs and a 5-10% increase in productivity. Additionally, a survey conducted by Sage found that 33% of businesses that automate their payroll process save between 31-60 hours per month, while 25% save between 61-120 hours per month.
Conclusion
By automating pay progression with CloudApper, companies can save time, reduce errors, and improve employee retention and engagement. According to a study by Achievers, companies with high employee engagement have 18% higher revenue per employee than those with low engagement. Additionally, companies with high employee engagement see a 37% lower absenteeism rate and a 25% lower turnover rate. CloudApper’s Step Progression Solution offers UKG Pro and Dimensions users a customizable, automated solution for managing pay progression, improving accuracy and timeliness, and reducing the potential for errors and delays associated. Contact us today to learn more.
