Softscape, Leader in Web-based Human Resource Systems, Releases New Compensation Management and Succession Planning Modules.
WAYLAND, Mass.--(BUSINESS WIRE)--July 22, 1999--
Softscape's newest enhancements to two components of AchievementPlus(tm), its performance management suite, were released this week. Compensation Management II and Succession Planning Management Succession Planning
In organizational development, succession planning is the process of identifying and preparing suitable employees through mentoring, training and job rotation, to replace key players — such as the chief executive officer (CEO) — II are part of the AchievmentPlus(tm) application being used in Fortune 1000 Human Resource Departments across the nation. Compensation Management II enables Internet management of salary increase budgets in organizations with a $2.5 million upward salary line. Succession Planning II provides organizations with a picture of current and future leadership requirements. Softscape, Inc., the leader in automating workforce-planning solutions, created the first integrated, web-based Performance Management application, AchievementPlus(tm). According to according to
1. As stated or indicated by; on the authority of: according to historians.
2. In keeping with: according to instructions.
3. Softscape's co-founder David Watkins, "We can do enhancements easily because the basis for our system is our patented Lightyear(tm) architecture. It is light-years ahead of anything else available today or even tomorrow. Some are dreaming about it. Others are designing it. We have it up and running."
Human Resource Activity Center
Softscape's two newest modules, designed initially by request, are now being released with enhancements to businesses and corporations as part of Softscape's suite of AchievementPlus(tm). These components can stand-alone or be incorporated into a total Human Resource Central Activity Center which includes: Performance Management, 360 MultiSource Feedback, Personnel Reporting, Training and Development, Compensation Management, Succession Planning, and Requisition Management, to be released later this month.
Compensation Management, Version II
This is a mechanism for systematically planning and managing compensation by considering budget constraints and equity issues. It helps managers reward performance, evaluate proposed salary actions against corporate budgetary compensation guidelines and then, via the web, it routes salary actions for review and approval.
Succession Planning, Version II
This module helps managers prepare and track candidates for promotion by establishing candidate acceptability, performing gap analysis to identify skills candidate will need for promotion, projecting a timeline for readiness, and routing all this information to managers and CEO's interested in candidate progress.
Softscape Systems at Fortune 1000 Companies
Dave Watkins noted: "In a era when workforce competition is at an all time high, we help corporations recognize, retain, and retrain re·train
tr. & intr.v. re·trained, re·train·ing, re·trains
To train or undergo training again.
re·train their most valuable asset - their people. Through our basic performance management system, employees can work more creatively, make self-management assessments, and identify areas for skill development. This makes it possible for each person in an organization to become the best and the brightest."
Softscape, a privately held company privately held company
A firm whose shares are held within a relatively small circle of owners and are not traded publicly. , has performance management applications in use at: Cisco Systems, Inc (NASDAQ NASDAQ
in full National Association of Securities Dealers Automated Quotations
U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :CSCO CSCO Cisco Systems Incorporated (stock symbol)
CSCO Chief Supply Chain Officer ), world leader in Internet networking, San Jose, CA; EQUIVA Services, LLC (Logical Link Control) See "LANs" under data link protocol.
LLC - Logical Link Control , Houston, TX, service unit of Shell, Texaco, and Saudi Aramco, the Massachusetts Institute of Technology Massachusetts Institute of Technology, at Cambridge; coeducational; chartered 1861, opened 1865 in Boston, moved 1916. It has long been recognized as an outstanding technological institute and its Sloan School of Management has notable programs in business, (MIT MIT - Massachusetts Institute of Technology ), Cambridge, MA; Pittsburgh Plate and Glass Industries (PPG PPG Points Per Game (basketball player statistic)
PPG Power Play Goals (hockey)
PPG Planning Policy Guidance (UK)
PPG Programmable Pulse Generator
PPG Power Puff Girls ), Pittsburgh, PA; Biogen, Inc., Cambridge, MA; and Detroit Edison, Detroit, MI. Any module of AchievementPlus(tm) can be implemented in organizations with 25 employees to corporations whose employee base exceeds 250,000.