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Workstream Pay for Performance Version 7

Flexible, Unified Talent Management Solution

Workstream Pay for Performance 7.0 is a component of the unified Talent Center 7.0 offering. Customers have a single view of all their talent management information: compensation planning, performance reviews, 360 assessments, development data, and succession planning - all unified in one application.

Compensate, Motivate and Retain Your Best People

Keeping your best people is mission critical to business success. Workstream Pay for Performance 7.0 allows users to identify top performers and ensure they are appropriately rewarded for their superior performance.

Pay for Performance Done Your Way

Pay for Performance 7.0 is the most flexible solution on the market today. Unlike some applications which require you to conform to their process, Workstream Pay for Performance 7.0 can be tailored to suit a business's unique performance requirements. From including multiple performance templates and flexible workflow to having compensation planning process and guidelines configured as needed - Workstream Pay for Performance 7.0 will work exactly to meet the business demands.

Single, Global Solution

Pay for Performance 7.0 is the most flexible global solution, supporting all languages. This enables managers and employees to set goals, complete assessments and manage all aspects of their performance and compensation planning process in their local languages and currencies. Administrators and executives are able to see overall information in their local language and currency - all in the same solution.

The most important asset to any business is their people. A unified pay for performance solution ensures the company gets the greatest return on the investment made in its people. By having all the information needed in one solution, companies can better align workforce performance with business goals and tie compensation directly to outstanding performance.

Workstream Pay for Performance 7.0 provides the most comprehensive and well integrated pay for performance application on the market. Leveraging TalentCenter 7.0's single, unified user experience and adding a new cross application reporting platform and new integrated knowledge management capabilities, Pay for Performance 7.0 is the next step in the evolution of employee pay for performance solutions.

Key Capabilities of the Workstream Pay for Performance package include:

Workstream Performance enables a streamlined process for aligning the organization, communicating with employees, and achieving business objectives. From simple to comprehensive, this flexible solution provides the foundation for capturing and guiding employee performance. Capabilities include:

• Goal Management. Cascade goals down to divisions, departments and individual employees. Managers can also sign-off on individual employee goals.
• Streamlined Assessments. A wide range of features were designed to make the assessment process fast and efficient, i.e.:Writing Wizard, Legal Check, Spell Check, and Workflow.
• Integration with Compensation and Development. Integration with Compensation provides an end to end solution that can be expanded with Workstream Development for full featured organizational development and succession planning.

Workstream Compensation provides the manager with a simple, streamlined approach for making compensation decisions in compliance with pay for performance strategy and budgetary constraints. Capabilities include:

• Dynamic Planning Screens and Graphics. With each award entry, the manager is presented with dynamic updates to the planning assumptions in tabular and graphic comparison views.
• Situation Specific Alerts and Advice. Alerts and advice screens instantly inform the manager if their recommendations fall outside the current policy or budgetary assumptions.
• Web Based Configuration allows compensation professionals to adjust the reward assumptions and calculations without the overhead and delays of technical development or hand offs to IT.

Workstream Total Rewards Statements

Workstream Total Rewards Statements allows you to extend your strategic talent management initiatives across the entire enterprise. Workstream Total Rewards Statements provides a powerful web-based tool that gives your employees one place to view, model and manage all of their corporate-sponsored compensation and financial benefits. This solution can greatly improve a company's ability to attract, retain and motivate their employees. Workstream has redefined the meaning of "total rewards" for employees. Capabilities include:

• Complete Compensation and Benefits view: illustrates the full, consolidated view of an employee's total compensation and financial benefits, including all types of corporate contributions.
• Information and Decision Support: delivers a personalized compensation and benefits information view as well as a set of easy-to-use tools for structured financial modeling.
• Up to Date and Secure: provides secure, real-time information from a company's financial services providers.

Workstream Communicator brings employee communication to the next level. It combines cutting edge content management software with easy to use authoring. Now organizations can deliver targeted communications to reinforce strategic objectives. Capabilities include:

• Easy to Use Authoring: at the heart of Workstream Communicator is a comprehensive, secure knowledge base. Anyone with word processing skills can create, import, and maintain content.
• Collaboration: built in workflow and review/approval capability ensures content is reviewed, approved and published according to schedule.
• Secure Deployment: HR determines who can view, edit, and manage information

The Workstream Reporting Platform. With this next generation release, Workstream introduced an expanded platform for easy reporting. Capabilities include:

• Reporting Templates bring new flexibility to reporting by jumpstarting the deployment of a full range of standard reports.
• End User Configuration: many of the reporting templates allow non-technical end users to configure and share reports through an integrated report selection and configuration interface.

Pay for Performance Reporting. The initial focus of the new reporting platform is focused on the end to end, pay for performance cycle.