30% faster compensation cycle boosts efficiency and productivity across 12 manufacturing sites
Schwan’s Company is a privately held, US-based business that manufactures and markets quality foods through home delivery, retail grocery, and food service.
In 2013, Schwan’s recognised that their annual compensation cycle was time-consuming and process heavy. Their compensation management solution, from a leading ERP provider, was cumbersome and inflexible. Runtimes took 2-3 hours just to prepare the system and input the budget. From there, validation routinely took another 2 hours – sometimes longer.
To relieve these administrative burdens and enable their compensation team to be more strategic, the frozen food manufacturer sought a solution that could be tailored to their processes, culture, and business strategy, today and into the future.
Successful implementation without intense change management support
Schwan’s runs two compensation cycles a year: in March and May. Approximately 5,000 of their 11,000 full-time employees take part in the compensation process, including 2,000 corporate employees and 3,000 professionals across their 12 US manufacturing sites.
In contrast to a typical enterprise technology implementation, which requires an intensive change management programme to support and promote adoption, Schwan’s HR team found that this wasn’t necessary, chiefly because PeopleFluent is so easy to use.
Greater efficiency and productivity, and time to be strategic
Since implementing PeopleFluent Compensation, Schwan’s reports ROI in the form of greater efficiency and increased productivity for the compensation team. The cycle prep time decreased by 30% and employees now receive a complete compensation statement, including merit increases, promotions, and bonus – improving pay transparency and giving them a greater understanding of their compensation.
Schwan’s has put the time saved in prepping, testing, and validating the system to good use.
Their compensation team dedicates more time to strategic initiatives, including financial analysis, market data research, and industry trend assessments. They spend more time “in the business” and are able to forge tighter partnerships with business units across the enterprise.
30% reduction in compensation cycle-time
40% decrease in training needs