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View downloadsHR scenario: Streamline benefits and compensation
Download this scenario guidePotential benefits
Improve talent retention
Attract the right talent
Improve employee satisfaction
Align HR strategy to company strategy
Using Copilot to streamline benefits and compensation
1. Conduct market research
Research the latest industry trends and data regarding competitive compensation rates and benefits.
Copilot
Use Copilot to quickly generate tables of average salaries by market for different roles.
2. Draft Executive Summary for talent planning.
Leverage market information to draft a plan the executive staff can consider for next fiscal year.
Copilot in Word
Turn a few thoughts on the data collected into a detailed planning document.
3. Ensure retention and employee satisfaction
Discuss the model for the retention and satisfaction strategy.
Copilot in Teams
Copilot in Excel
Make rapid updates to the financial model with Copilot and then have Copilot document an action items when the meeting is over.
4. Incorporate changes into HR strategy
Generate an executive presentation detailing how the compensation strategy will align to the business need for growth and cost management.
Copilot in PowerPoint
Use Copilot to create a set of slides from the meeting notes to document the strategy and then copy in the Excel charts.
5. Revise policy document
Use Copilot to revise relevant sections of the compensation policy document.
Copilot in Word
Use Draft with Copilot to turn the bullet points from the executive presentation into text for the policy document.
6. Communicate to department managers
Communicate changes to departments and monitor employee engagement.
Copilot in Outlook
Draft an email to a group of department managers that provides detail and timelines regarding employee annual reviews and changes to the overall compensation and benefits.
