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“It enabled us to talk to our Chief People Experience Officer and the other Executives about where we’re at with our gender pay gap and the movement we’ve achieved this year,” he says.

“The technology gave us the ability to have more of a voice around the topic of the gender pay gap.”

This is particularly important given the legislation change in Australia that means from early next year, businesses with 100 or more employees will have their gender pay gap published online.

Now is the time for organisations to get on the front foot with a detailed gender pay gap audit to truly understand their pay gap data and what’s driving the inequality.

“Being able to run the report quickly and easily allows admins to calculate their gap before, during, and after the review,” Stacey says. “ As a result, we saw a reduction in the gender pay gap this year which is fantastic.”

Time efficiencies and better visibility

Our experience showed that an effective solution like ELMO Remuneration can halve the duration of the review process. The length of ELMO’s rem review went from 2-3 months to just five weeks.

Beyond the countless hours in saved time, the visibility for our HR team proved immensely valuable.

“The solution offers an easy-to-monitor progression dashboard so we can see which step each Head of Department is at at any given time,” Ryan explains.

“For users, they can see their budget, expenditure, remaining funds, performance review ratings, and compa-ratio data (where an employee sits compared to the market rate).”

Instead of creating bottlenecks and frustrations between stakeholders, using the Rem tool brought the team together in a collaborative, transparent process.

The technology also offered a level of impartiality to the review. The business’ remuneration rules and framework are applied to every employee through the technology, rather than by an individual who could be prone to bias.

Automated communication

The laborious process of distributing salary and bonus information to every employee can be resource-intensive.

That’s why one of the most popular features of ELMO Remuneration is its automatic letter generation tool. It allows users to generate the letters in bulk, while still being able to customise the contents based on certain factors.

“Everybody has different components that go into their overall package, different bonuses and increases, whether they receive KiwiSaver or Superannuation,” Ryan says.

“But the way the system managed that process was seamless. You set it up once and it pulls in the relevant fields that you need for each letter.”

For our team, ELMO Remuneration became a conduit for more than just efficient remuneration reviews. It helped us with the essential ingredients for any rem review – communication, process rigor and accurate information.

The benefits certainly outweighed the understandable hesitation our teams may have felt before putting their trust in a new way of doing things. It halved the length of the review, offered greater visibility, and automated our letter generation. But importantly, it also enabled our gender pay gap understanding during every stage of the review.

To find out how ELMO Remuneration could help transform your review process, visit the product page or book a demo to speak to one of our friendly consultants.