Compensation Management - Fixed and Variable Compensation
   

 

» FROM GOOD TO GREAT
 
  • Setting up salary structures.
  • Graded & Broadband salary structures.
  • Determining appropriate internal pay levels through salary surveys.
  • Job market value determination process.
  • Compensation planning.
  • Multiple levels of management
 

 

» MAIN FEATURES
 
  • Automatically create Graded, Broadband and/or Step-rate salary structures for a company, based upon parameters specified by a user.
  • Allow users to maintain salary structures. Creation and maintenance of fixed and variable salary plans.
  • Assign jobs to Grades, within a given structure.
  • Different salary increase methods can be used, such as: merit increase, comparatio and budget.
  • Analysis of market values providing a guideline to determine appropriate internal compensation.
  • The line manager will typically have access to:
    • details regarding compensation plans
    • details of current and historical salaries and variable pay awards
    • details of the Grade/Band/Zone values for the Grade/Band/Zone within which each employee's assigned job is administered.
    • details of market job values for the assigned job of each employee.
    • an allocated budget, expressed either as an amount of money or a percentage of current salary.
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