In today’s rapidly evolving business landscape, data precision and security are paramount concerns, especially when it comes to handling sensitive data. This is particularly true in HR, where compensation planning errors can have far-reaching consequences. At SecureSheet, we understand the critical importance of both security and accuracy. That’s why our HR solution goes above and beyond, integrating the HR data accuracy best practices into the familiar realm of spreadsheets.
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The Importance of Compensation and Bonus Pay Accuracy
Ensuring accurate processing of merit and incentive pay reviews is a non-negotiable aspect of any successful business. The intricacies of compensation planning, however, often lead to common errors, stemming from the use of multiple spreadsheet versions or manual workarounds for unwieldy HRIS systems that fail to meet the needs of the compensation department and management. Mismanaged employee data can disrupt the entire compensation planning process, highlighting the need for a solution that not only streamlines operations but also ensures precision and protects access to sensitive data.
Improved Data Accuracy With SecureSheet
SecureSheet enhances compensation data accuracy through robust features. The implementation of data validation rules acts as a safeguard, preventing users from unintentionally overlaying formulas or making updates that deviate from review guidelines and company budgets. This ensures the integrity of your data.
Effortlessly implement company-wide data changes in real-time throughout the compensation review cycle, simplifying processes for all users involved.
Tailor user experiences with custom views, limiting access to only relevant data and bolstering the protection of sensitive information.
Furthermore, our secure software provides a comprehensive audit trail, meticulously documenting all user activities. This feature offers a clear insight into every modification, creating transparency and accountability in tracking changes over time.
Contact SecureSheet today to implement these features into your compensation processes.
Decrease Data Input Errors, Increase Data Accuracy with SecureSheet
SecureSheet offers a secure spreadsheet solution for compensation that leads to more precision and accuracy. While allowing for multi-user collaboration within a single centralized sheet, the precision and accuracy of the data can be preserved by applying custom data validations and formatting controls placed on a single sheet, across all users. These protocols are able to remove the ability of a user from inadvertently manipulating formulas or inputting values that don’t meet department or company-wide guidelines. Customizing user access to data safeguards the data and defines user access within your SecureSheet.
Accurate Processing of Company-wide Data Changes During the Compensation Review Cycle
Often, during the merit review cycle, data changes occur. Employees transfer or leave, new hires are added, and/or organizational changes occur. With a single, centralized spreadsheet, SecureSheet can apply data changes mid-cycle, and this information is immediately available to all users, based on the security access defined by user views. This removes the chance of errors due to manually processing data changes across multiple spreadsheet versions.
Custom User Views Control Access to Sensitive Data
Our patented data and security model, which includes completely customizable and tailored views and data access by users down to the cell level, removes common data errors and security issues present with traditional compensation tools. With SecureSheet, you define exactly which pieces of data users are allowed to view or edit. This ensures that a user will not see sensitive data they shouldn’t see, or change data they are not allowed to update. In addition, SecureSheet’s audit trail tracks history of login, access and data changes for each user, anytime they access our system.
SecureSheet Minimizes Errors In Your Compensation Review Process
Our centralized compensation sheet greatly improves data accuracy. Since there is only one version of our cloud-based spreadsheet, a change is applied for all users, ensuring that all users are working with the latest, approved version. Formulas can be locked down, so no user can inadvertently change data. Since users are only shown appropriate rows, columns and cells needed for their task, users will not inadvertently see sensitive data they are not allowed to view. Conditional formatting and data validation rules enforce data accuracy across multiple users on a single sheet. Audit trails further enhance accountability by providing a comprehensive history of login activities, sheet alterations, and cell or row-level changes, ensuring that your compensation planning process remains error-free and secure.
With SecureSheet, precision and security go hand in hand, making it the ideal choice for businesses prioritizing accuracy in their HR operations. Schedule a free demonstration today to get started.
