Tools & Products
Watson Wyatt Global Grading System™ (GGS)
Watson Wyatt’s Global Grading System™ is a simple, easy-to-use
methodology for job levelling across functions, business units and countries.
The system creates a foundation for the implementation of different HR
programmes such as pay management, stock allocation, career development
and job titling, across the globe.
The GGS methodology:
- is easily explained and communicated
- does not require committees or detailed job descriptions
- is capable of differentiating the relative contribution of positions in different business units globally (with different turnover, business complexity and markets)
- can evaluate jobs that have a dual reporting line
- values jobs that contribute through both people management and professional/technical career paths
The Global Grading methodology is supported by software which makes its
application fast and efficient. The software is available in both a standalone
and web version in six languages: English, French, German, Italian, Portuguese
and Spanish. The web version allows for multiple users and easy reporting
by division, department and country.
Watson Wyatt COMPASS™
All Total Rewards Surveys are supported by our web-based technology tool
— COMPASS™ - which is a complete system that handles data
entry, data validation, processing, and report generation.
The system offers the highest security and reliability with data manipulation
and customisable reporting functions.
With Watson Wyatt COMPASS™ you will be able to:
- Select benchmark jobs to analyse
- Analyse data using Watson Wyatt’s Global Grades
- Select a target market group and customise by revenue, employee size, market percentiles, and other requirements
- Create and view regressed trendlines, customised tables and graphs for various salary components
- Export data and charts for analysis
Comptrack
Comptrack is a CD-based compensation reporting programme that is given
on a complimentary basis with purchase of a country compensation report.
It offers a number of additional features to the paper reports:
- Convert compensation data into different currencies
- Switch between monthly or annual salary representation
- Export compensation data to spreadsheets or word processors for further analysis
- Print compensation tables
- Download the latest reports purchased
- Enables you to travel paper free and access compensation reports without the need for an internet connection.
Watson Wyatt VIPitech
VIPitech is a versatile financial modelling tool which is used by over 50 companies
in 21 countries. It is used by clients to manage their businesses more
effectively and profitably. It includes the following functionality:
- statutory valuation and embedded values
- international financial reporting e.g. IAS / Fair Value / US GAAP
- financial projections
- product design and pricing
- asset liability modelling & stochastic capabilities
- risk management
- business planning
VIPitech is developed and supported by Watson Wyatt consultants worldwide.
Watson Wyatt Pretium®
Pretium® analyses the key aspects of insurance experience - how rating
factors drive claims cost and
how retention and new business are affected by market conditions and policyholder
characteristics.
Pretium® can then combine these analyses to project, at an individual
policy level, the impact of different rating actions on the current portfolio
– vital information when setting rates in practice. Pretium®
has over 240 users in more than 75 companies across 23 countries and is
used by many of the world's leading insurers.
Watson Wyatt Pretium® :
- has a custom built fast generalised linear modeling routine
- has extensive multivariate analysis and modeling functionality
- has geographical mapping and spatial analysis capabilities
- produces clear graphical output in Microsoft® Excel
- integrates with SAS and generates explicit SAS code
- supports client-server architecture
- displays screens and output in six languages.
Watson Wyatt Simulum®
Watson Wyatt Simulum® combines the asset, liability and operational
risks a non-life company faces, to produce a possible future financial
position for the company. Based on a large number of such future possibilities
the risks can be quantified and analysed.
Watson Wyatt Simulum® has been used for:
- capital adequacy
- investment strategy
- reinsurance strategy
- allocation of capital
- strategy and business planning
- valuing companies for M&A purposes
|
