CAMO’s Salary
Survey Solution
 CAMO
has created a Salary Survey Solution enabling Associations and
Corporations to drive on the road to success. The CAMO Salary Survey
moves organizations up to speed in utilizing real-time and adaptive
analytic technology to improve their member and employee services,
internal and industry research, and information technology capabilities.
Adaptive enterprises and organizations use
information to drive their organizations strategic workforce
management. Human Capital Management is defined as the overall
management of people as key resources. It includes three focus
areas: workforce acquisition, workforce management, and workforce
optimization.
Workforce analytics is cited as a major means
for achieving the alignment of assets and strategy to enhance
performance and create value. 1 Gartner Group states that it
is imperative for organizations to create strategic alignment
between HR functions and business goals in order to achieve competitive
advantage. Further, “the workforce needs agility, flexibility,
and adaptability to change” and organizations need “to
use technology to plan, acquire, and staff workers to support
business strategies”.
CAMO’s Salary Survey Solution for Associations
According to recent reports from the American Society of Association
Executives (ASAE), association revenue from dues paying members
is down across the board. Associations are seeking alternatives
for generating non-dues related revenue without incurring substantial
cost and in ways that will attract and retain members.
CAMO has developed a cutting-edge solution
to this problem by offering a low-cost multi-option turnkey technology
solution designed to increase non-dues revenue while reducing
costs. And, it is based on the most commonly found service to
members – The Salary Survey!
The Benefits to Associations
Cost Reduction:
- Online versus paper survey
- Mailing & printing costs reduced by 80%
- Data Entry/Labor cost reduction Continual access
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Revenue Enhancement:
- Online service provision via subscription
- Companies/organizational level subscription
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Other Benefits:
- Increased accuracy of data collection
- Personalization/customizability
- Survey is always one-day old
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The CAMO Salary Survey Solution provides
a more cost-effective, personalized survey process and more importantly
allows for corporate memberships for the survey as a subscription
service.
CAMO will assist in creating an in-house
solution or as a hosted solution. Take a look below for what CAMO and The Client did together.
CAMO’s Salary Survey Solution for
Corporations
As a Human Resource Executive, creating optimal
staffing plans and allocating the proper schematic for compensation,
benefits, and bonuses is a critical corporate function. By 2006,
Gartner states that this function will be the key to retaining
the HR function itself.
CAMO’s Salary Survey Solution for
Corporations is the way to provide that workforce optimization.
It can be plugged in to any existing legacy or ERP system and
cull data from it to provide an intelligent view of the workforce. Plus,
it can easily be customized for your particular organizations
requirements.
The Benefits to Corporations
Real-time view of the organization at any time
Platform and application independent
Customized to the organization
Put the power of adaptive analytics into your
workforce optimization plans.
CAMO Salary Survey Solution
Contact the nearest CAMO location or email camoasia@camo.com for
more information about the Salary Survey Solution. Send
an email for information about our Webinar and Seminar.
CASE
STUDY:
The Client
is a technical professional association with close to 400,000 members
worldwide.
The Client
produces more than 30% of the world's published literature in electrical engineering, computers, and control
technology.
The Client conducted a periodic salary survey, as a direct mailing
to its members. The survey included technical competencies, salary
data, and other demographics. The output was a bound, printed book
containing color charts/tables averaging 65 pages.
The Client partnered with CAMO to create a real-time,
automated Salary Survey Solution. Its functionality is comprised
of:
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Localized and regionalized views |
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Create tables based on custom cuts of data |
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Salary grade levels for families
of jobs |
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Salary prediction model for income
based on selection of specific variables such as: |
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Years of experience, region, job function |
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Expert opinions and interpretations
of overall data and trends |
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Trends based on past 10+ years
of survey data |
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Retention optimizer |
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Determining optimal compensation and benefits
to retain employees |
RESULTS:
$50,00 saved per survey in printing and mailing costs
$1,500,000+ in new annual revenue from the web-based subscription service
1 (Jim Holincheck, Gartner Group ITEXPO 2002, HCM, ERM,
and B2E Scenario: Strategic Workforce Management)
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