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Compensation Simulation from Tata Interactive Systems - Global e-learning developer, Tata Interactive Systems (TIS), is producing simulations that enable scenario planning for performance reward and the appraisal of reward – both on an individual and organisation-wide basis.
Compensation Simulation from Tata Interactive Systems

 

NewswireToday - /newswire/ - St Albans, Herts, United Kingdom, 2006/06/05 - Global e-learning developer, Tata Interactive Systems (TIS), is producing simulations that enable scenario planning for performance reward and the appraisal of reward – both on an individual and organisation-wide basis..

   
 
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Having developed a simulation to help one of the ‘Fortune 500’ companies plan its staff’s remuneration packages, the global e-learning developer, Tata Interactive Systems (TIS), is putting the ‘engine’ behind that simulation to work by producing similar simulations for its other customers. These enable scenario planning for performance reward and the appraisal of reward – both on an individual and organisation-wide basis.

TIS’s ‘Pay Role™ – Compensation Planning Simulation’ addresses the challenge that all HR managers face: how to produce better salary and benefit packages that not only keep each employee motivated and loyal but also fitting with their organisation’s culture, goals and budgets.

“The simulation provides a ‘what-if’ learning tool that enables users to engage in scenario planning activities,” said Alan Samuel, head of TIS in the UK. “It is a tool that is customised to the user’s organisational parameters and it provides training that helps users to understand the nature of compensation planning.”

“It is proving to be of greatest benefit where a multi-national organisation wants to disseminate its staff remuneration policies and practices throughout the organisation in a standardised way,” explained TIS’s Simulations Practice head, Rupesh Goel. “This allows new policies and best practice to be instantly accessible by anyone, in a scenario based, interactive format throughout the worldwide locations.”

Building the simulation involves TIS in collecting data on fixed pay, performance-linked pay and staff benefits from the client. Once built, the simulation can be used to discover the likely results of any remuneration-linked strategy, such as redundancies and organisational restructuring. The simulation deals with group level or departmental financial planning as well as a drill down into individual salary plans, allowing for a wide array of metrics and parameters to be played in a exciting dashboard.

“There are other software packages that look at salary planning but TIS’s custom-built simulation integrates salary planning within a teaching/learning context, providing instant feedback on the likely results of any action relating to staff remuneration,” Goel stated. “It can offer key insights into any staff-related aspect of change management.”

About Tata Interactive Systems (TIS)

Tata Interactive Systems (TIS) is a global pioneer in e-learning, with some 16 years experience in designing and developing innovative and cutting-edge e-learning solutions. TIS is a part of the $22 billion Tata Group – one of the largest and most trusted business conglomerates in India.

TIS employs a global team of some 950 multi-disciplinary specialists – a unique mix of project managers, software engineers, instructional designers, content developers, visual designers and animators. Its service bouquet includes Simulations, Systems Training, New Hire Training, Business Processes and Skills Training, Regulatory and Compliance Training, Sales and Customer Service Training, Adaptive Assessments, Story-based Learning Objects, M-Learning and EPSS. TIS also has a K12 maths practice and a K12 content practice, as well as having substantial experience in developing learning content and tools across keystages and subject areas.

Powered by creative talent, sound processes and technological excellence, TIS has developed e-learning solutions for more than 350 clients – including 50 Fortune 500 companies – across the US, the UK, Australia, Mainland Europe, Japan, UAE, Canada and India. Its client roster includes leading corporations, renowned educational institutions and government bodies such as American Airlines, British Airways, Citibank, Colgate-Palmolive, ExxonMobil, GE, GlaxoSmithKline, HP, McGraw-Hill, ntl, Orange, Pearson Education, Qantas, Qwest, Royal Mail, Swiss Re, UNICEF, University of Phoenix, University of Maryland and Vodafone, along with Hodder, Oxford University Press, Granada Learning, Nelson Thornes, Research Machines PLC, Compass Learning, Florida Virtual School, Harcourt, Prentice Hall and, in the government sector, BECTA, UFI and DODEA.

Apart from holding ISO 9001 certification, TIS is the only e-learning organisation in the world to be assessed at Level 5 in both the SEI-CMM and P-CMM frameworks. TIS’s quest for excellence is reflected in numerous prestigious industry awards, including a Silver Brandon Hall Excellence in Learning Award 2005 and 2004, APEX 2005 Award of Excellence, BETT 2004 Best Product Award, and two Business World–NID Design Excellence awards.

About the Tata Group

The Tata Group, established in 1904 by the great visionary Jamsetji Tata, is one of India’s largest and most trusted business houses. The group pioneered the industrial revolution in India by founding the first steel plant, power plant and chain of luxury hotels, to name but a few.

The Group employs more than 220,000 people in 93 companies across diversified industry sectors including steel, automobiles, cement, telecom and IT. Generating revenues to the tune of $22 billion per year – some three per cent of India’s total GDP – it is recognised as a leader in several industry segments such as such as steel, power, software exports and chemicals. It is also the parent company to Tata Consultancy Services (TCS), Asia’s largest software producer.

Further information from:
Alan Samuel, Tata Interactive Systems, 00 44 20 7905 0156

 
 
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Compensation Simulation from Tata Interactive Systems

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