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MindSolve Delivers "Paper Cuts" Via New Salary Planning Software

MindSolve Technologies has officially released MVP Salary Planning Software, a new product that joins the company's suite of Enterprise-level performance management tools. The software replaces the traditional paper-based process -- which normally involves mountains of spreadsheets -- via a single database offering secure, self-service accessibility and significant time savings.

MindSolve Releases MVP Salary Planning Software
New tool replaces traditional paper-based process with single database

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May 13, 2004. Gainesville, Florida. MindSolve Technologies today announced the release of MVP Salary Planning, a new software product that joins the company's suite of enterprise-level performance management tools. Developed to solve common client needs and proven in real-world situations, MindSolve's Salary Planning software works as either a stand-alone application or as an integrated component of the MindSolve Visual Performance (MVP) employee performance management suite.

In many organizations, salary planning is an inefficient, paper-based process involving a mountain of spreadsheets that are first copied and disseminated, then discussed at meetings, and finally reworked, reconciled and recompiled. MVP Salary Planning simplifies the process by using a single database, with secure, self-service accessibility to supervisors and department managers to use in compensation plans. The result is a significant time-savings for all participants in the process.

"I saved 120 hours using MindSolve's Salary Planning," claims Fran Charlson, who, while Vice President of HR at Protein Design Labs, oversaw the rollout of the software. She adds, "I got the job done with fewer meetings, in less than half the time it used to take."

MVP Salary Planning Software can be configured to fit the workflow and reporting and approval relationships for any client. Salary calculations can accommodate a wide range of compensation factors (merit, promotions, tenure, bonus, salary-range position and compa-ratio), with opportunity for discretionary adjustment. When used in conjunction with the MindSolve Visual Performance (MVP) suite of employee performance management tools, the new software makes performance evaluation results available during salary planning. When used as a cost-effective stand-alone application, MVP Salary Planning Software easily and accurately imports employee data from client HRIS databases.

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About MindSolve Technologies. MindSolve Technologies, Inc. is a privately held company, headquartered in north central Florida. In 1994, MindSolve revolutionized employee assessment with the introduction of visual, user-friendly multi-rater assessment. In 1998, MindSolve offered the industry's first web-based drag & drop performance management software. Since then, MindSolve has expanded to service users in over 50 countries worldwide, offering technology and consulting solutions for performance appraisal, 360 feedback processes, online development resources, goal alignment and tracking, and leadership and organizational development.

For more information please contact:

Dr. Robert McPeek
Director of Research
MindSolve Technologies, Inc.
203 SW 3rd Avenue
Gainesville, Florida 32601
352-264-2811
bmcpeek@mindsolve.com
www.mindsolve.com


This press release was distributed through eMediawire by Human Resources Marketer (HR Marketer: www.HRmarketer.com) on behalf of the company listed above.


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Robert McPeek
MindSolve Technologies, Inc.
352-264-2811
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