The Cognos Salary Planning and Position Control Blueprint Launched
Cognos is launching a performance solution designed to help colleges and universities drive more efficient faculty salary and position planning. The Cognos Salary Planning and Position Control Blueprint offers colleges and universities a complete performance management framework that delivers enhanced visibility into the ever-changing demographics of their faculties. Using out-of-the-box functionality from Cognos 8 Planning and Cognos 8 Business Intelligence (BI) – including dashboards, analytical reports and a pre-configured data model – and encompassing higher education industry best practices, the Cognos Salary Planning and Position Control Blueprint lets users track faculty salary sources, plan compensation updates and changes, and determine headcount requirements. Management can then easily develop salary and position funding plans that are properly aligned with current and long-range academic program requirements.
Tracking higher education faculty salaries can be a complicated process, as many college and university professors draw their salary from a number of funding pools that either supplement or replace the base salary paid by their institution. While most of this data is available from existing HR and ERP systems, the multitude of funding sources and complex rules that need to be applied to each case make it exceptionally difficult to obtain a global and consistent view of the total cost of an individual or the total compensation they are receiving.
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