Mitsubishi Australia Ltd and Mitsubishi Development Pty Ltd streamline their salary and incentive review processes by implementing R.Review - Remesys’ award winning remuneration review software.
Two companies, one solution
Mitsubishi Australia Ltd. is also a wholly owned subsidiary of the Japanese trading and investment company, Mitsubishi Corporation. With offices in Melbourne, Sydney, Perth and Brisbane, Mitsubishi Australia is engaged in a broad range of business through its trading activities and investments.
Mitsubishi Development Pty Ltd is also a wholly-owned subsidiary of Mitsubishi Corporation and is the holding company of Mitsubishi’s coal investments in Australia including several export coal mines throughout Queensland.
Both Companies had previously conducted their remuneration reviews using a spreadsheet based approach of emailing worksheets to managers for input and pasting these spreadsheets into a master document. The process had several flaws including confidentiality issues, difficulties providing a rich source of data whilst keeping worksheets to a manageable size, lengthy manual checks, mail merge issues producing remuneration letters and data access issues if the HR manager was unavailable.
This process was time consuming and presented a high risk of errors. The Organisations sought an alternative that would provide data integrity, real-time reporting, eliminate security concerns and reduce the reliance upon HR to drive the process.
Mitsubishi selected R.Review, remuneration review software delivered as Software-as-a-Service from Remesys. R.Review was selected as it was a flexible solution that could accommodate both Organisations unique salary and incentive processes."R.Review allowed us to take advantage of an integrated solution with a common approach across both companies but which was tailored to each of our unique requirements. This saved on costs without sacrificing the flexibility we needed." Vera Micallef, General Manager Human Resources.
Remesys consultants worked closely with Mitsubishi Australia and Mitsubishi Development’s HR teams to ensure that R.Review was configured to incorporate each Company’s requirements. The solution incorporated market data from 2 surveys with weightings, each Company’s unique incentive schemes including individual and company performance results and 4 years of historic data.
R.Review provided both Companies with secure online access to a single source of data, including all the information required to make informed salary recommendations, generate salary letters and produce value-add reports.
The Key Benefits
Implementation of R.Review created the opportunity for HR to educate and empower managers providing managers with an improved understanding of the Company’s remuneration policy, market positioning and internal relativities.
Managers have increased confidence to make informed decisions that they can justify to their team members. This, coupled with the ease of use of R.Review, has allowed Mitsubishi to delegate the reviews further down the line.
Managers appreciated the transparency that the system provided and the opportunity to take an active part in the decision making process.
"The web based integrated system provided a complete information base for our managers to work through their staff’s remuneration review, from any location in the world. They knew they could rely on the systems automated workflow process to deliver their recommendations to other decision makers for comment or approval, with confidence in data integrity, and delivery."
Marie Turner, General Manager Corporate Affairs
Director and Company Secretary, Mitsubishi Australia Ltd.
R.Review case study
"R.Review provided managers with a better understanding of our remuneration policy, market positioning and internal relativities. This increased their confidence to make informed decisions that they could justify to their staff."
Vera Micallef, General Manager Human Resources
Mitsubishi Development Pty Ltd
COMPANY:Mitsubishi Australia Ltd
Mitsubishi Development Pty Ltd
Coal mining, Energy, Metals, Machinery, Chemicals, Food, General Merchandise, Automotive Tooling, Equipment and Materials, and Business Development
EMPLOYEES:R.Review is used for around 200 employees
SOLUTION:R.Review replaced spreadsheets to manage the annual salary and incentive review process
- Improved staff engagement and understanding
- Automated generation of salary letters
- Automated standard and customised reports
- Confidence that reviews would be completed without errors
- Security of confidential data
- Improved credibility