Why does my company need the Human Capital Management Tool?
Equitable Pay is something that all employees expect – that in relation to others in the work place, they are paid “equitably” (i.e. commensurate with their skills, abilities and contributions.) However, there are times when pay relationships can become unbalanced, creating the opportunity for discontent, lowered morale and lowered productivity. To prevent this type of pay disparity, DRAKE has developed a Human Capital Management Tool that allows you to chart the pay relationships of your employees. This visualization makes it easy to justify pay increases for those employees whose pay is lagging behind.

What is the Human Capital Management Tool?
This comprehensive computer application uses an array of information, including but not limited to salary, prior work and training experience, and demographic information, to help you track the equity of each employee's pay within your organization. In addition, the program provides real-time data, updating your numbers to provide current information. Using the extensive management reports you can assure and maintain pay equity among your employees, leading to increased employee morale and retention.

In addition, you can use the management reports for succession planning, recruitment, compensation, and performance management, to name a few.

For more information...
For more information and a demo of this application, please contact a DRAKE Representative at (919) 969-9901 or complete our contact form.