To: B6 Users
From: Planning & Budget Office
Enterprise Applications & Solutions Integration
Re: Update on the Compensation Planning Tool Project
For those who currently do compensation planning and budgeting at the University:
As you may be aware, the University has been working to implement a new Compensation Planning Tool. In August 2021, we made the decision to cancel our development contract with an external software vendor, and shift focus to a “made @ U of T” approach to compensation planning, with improvements to the existing SAP tool (B6).
This approach will deliver many of the improvements sought by our financial planning community, while retaining the robust security, performance, and familiar interface of the SAP platform.
Benefits of the new compensation planning tool include:
- An improved, intuitive user experience, data analysis and validation that builds on the familiarity of the existing B6 tool.
- Long-range compensation planning with a six-year planning outlook and salary increase projections.
- A holistic view of compensation, which expands beyond the current data on appointed staff to include hourly and non-appointed staff.
- Salary increase scenario planning, which allows divisional users to input long range increase assumptions for various employee groups.
- Simplified compensation projections by automating salary increase provision calculations (e.g. ATB, PTR, Merit, Grid etc.).
We have completed Quality Assurance Testing and User Acceptance Testing will occur from November to early December. Training will occur in a train-the-trainer format from December to January and we plan to launch the new tool for the 2022-23 budget planning process in February, 2022.
Thank you for your patience throughout this process and your input and participation to date.
We look forward to providing you with regular updates on the project.
Contact Darshan Harrinanan, EASI Project Manager, at firstname.lastname@example.org
Planning & Budget Office
Enterprise Applications & Solutions Integration (EASI)