Saba Delivers Innovative New Approach to Rewards Management with Saba Compensation
Sophisticated Software Can Identify and Reward the Most Valued Employees, Not Just High Performers
Redwood Shores, Calif. – February 2, 2010 – Saba, the premier people management software and services company, today announced the general availability of Saba Compensation, an easy-to-use software solution that drives more informed compensation decision-making by providing a comprehensive view of employee success. The sophisticated approach of Saba Compensation enables both compensation professionals and individual managers to make smarter spending decisions that improve performance, productivity, and talent retention rates. Among the innovations: direct access to multiple measures of success from within the compensation allocation tool, providing the ability to identify value beyond the performance review score.
Unlike today’s compensation solutions, Saba Compensation goes beyond simple pay-for-performance processes that focus only on formal review scores. Instead, Saba Compensation provides decision-makers with a rounded view of each individual by surfacing data from multiple people management processes. This helps identify employees in critical roles, high potentials, "team players," and even those that contribute to knowledge sharing in today's collaborative companies. The solution also includes ways to better engage employees by enabling them to surface their own reward preferences, which further boosts talent retention rates among valued employees. A number of Saba customers participated in early previews and user testing of these innovations, including Sydney Water and Graham Group, Ltd.
"Saba Compensation is very intuitive and easy to use," said Paul Adams, reward and recognition manager at Sydney Water, Australia's largest water and waste water utility, and a multi-award-winning employer. "We're very pleased with Saba's solution, which supports our know-how approach and our flexible and family-friendly work environment."
"We need a compensation solution that not only helps us achieve compliance with our salary program guidelines, but can also help us link the accomplishments of work plans to bonus and pay increases," said Laird Beatty, director of human resources at Graham Group, Ltd. "We want to directly motivate employees to align their work plans and performance with our compensation plans. That's why we chose to add Saba Compensation to our existing Saba people management platform."
"For our customers, a compensation offering that is merely a compensation worksheet for managers won't do," said Bobby Yazdani, chairman and CEO, Saba. "Saba Compensation incorporates elements of employees' performance and value to the organization in a sophisticated way that no other compensation offering can.”
Saba Compensation is available now as part of Saba's unified people management solutions, delivered either on-demand or on-premise.
About Saba Compensation
Saba Compensation is a compensation management solution that drives smarter decision-making by providing a comprehensive view of employee success. Saba Compensation is unique because it goes beyond simple pay-for-performance processes that focus solely on a formal review score. Instead, Saba empowers managers with multiple measures of employee success, both formal and informal, so that money is spent where it is needed most. This approach improves performance, productivity, and talent retention rates, ensuring an organization's competitiveness.
About Saba
Saba (NASDAQ: SABA) is the premier provider of people management software and services that enable the people-driven enterprise. Saba's solutions help global enterprises and public sector organizations quickly respond and adapt to today's complex and rapidly changing environments.
Saba's people platform aligns and harnesses the expertise, skills, and ideas of an increasingly distributed and mobile work force. Working with Saba, organizations are able to align, engage, develop, mobilize, and foster collaboration across employees, customers, and partners in support of increased adaptability, rapid innovation, enhanced productivity, and speed to market.
Saba's solutions are used by more than 1,300 organizations and over 17 million end-users worldwide. Our solutions are available both on-premise and on-demand, and are underpinned by global services capabilities and partnerships that provide strategic consulting, comprehensive implementation services, and ongoing worldwide support.
As the acknowledged standard in people management, Saba's premier customer base includes the major global industry leaders in financial services, life sciences and healthcare, high tech, automotive and manufacturing, retail, packaged goods, and public sector organizations.
Headquartered in Redwood Shores, California, Saba has offices on five continents. For more information, please visit www.saba.com or call +1-877-SABA-101 or +1-650-779-2791.
PRESS CONTACT
Saba
Emma Rosen
emma@activapr.com, 415-385-2843
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SABA, the Saba logo, Saba Centra and the marks relating to Saba products and services referenced herein are either trademarks or registered trademarks of Saba Software, Inc. or its affiliates. All other trademarks are the property of their respective owners |
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