Model award calculations accurately and precisely using intricate compensation structures and diverse employee groups.
Manage complex plan designs that account for employee promotions and changes in responsibilities.
Ensure employees understand the plans' effectiveness by providing clear visibility into how awards are calculated.
Manage the calculation and processing of multiple types of incentive and bonus plans.
Reward your people for outstanding individual and team performances based on percentages that keep departments within budget.
Predict and manage compensation spending more accurately by accounting for prorated eligibility due to hiring, terminations and employee movement throughout the year.
Easily manage variations in spot bonuses and frequent incentive plans.
Centralized monitoring of these programs, combined with distributed administration and approval capabilities, ensures that awards are granted efficiently and equitably.
More accurately forecast and plan the financial resources needed to support employee compensation.
Model different budget scenarios using the most up-to-date employee information and applying various business performance outcomes.
Adjust and fine-tune individual compensation awards to ensure fairness, consistency and alignment with organizational goals and performance standards.
Account for any last-minute adjustments to budgets or allocation strategies.
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Give your team the tools they need to make better compensation decisions from day one.