Case Study: Scotiabank centralizes global compensation, cuts processing time and reduces risk with PeopleFluent

Scotiabank Centralizes Their Worldwide Compensation System, Reducing Risk and Costs

Scotiabank, a global bank with about 68,000 employees in 50 countries, faced a risky, labor-intensive executive compensation process managed with emailed spreadsheets, faxes and re-keying that threatened accuracy, confidentiality and multi-currency consistency. The bank needed a centralized, secure system to reduce errors, lower costs and support diverse global plans.

Scotiabank implemented PeopleFluent Salary and PeopleFluent Incentive (with a custom reporting tool) in a six-month rollout requiring minimal training. The centralized solution eliminated manual re-keying, enabled last-minute plan changes, cut overtime and shortened the compensation decision cycle from over a month to ten business days, improving accuracy, credibility and global access.

Scotiabank

Dan Watt

Director of HR Systems Solutions, Scotiabank