Features for Every Compensation Need
Manage your enterprise’s compensation lifecycle and accurately recognize top performers with HRSoft’s cutting-edge features.
Custom Compensation Management
Software Features
We developed HRSoft from the ground up to meet your organization’s unique needs. Explore the innovative features that make our compensation management software a better experience for everyone.
Total Compensation Planning
Strategically plan and allocate resources across various forms of compensation.
- Salary management
- Bonus calculations & allocations
- Long-term incentives & bonus deferrals
- Manage complex proration rules
- Manage spot bonus/off-cycle workflows
- Frequent incentive plans
Pay for Performance
Ensure compensation is directly tied to an individual’s performance, motivating employees to excel and aligning rewards with achievements.
- Objective and goal-setting
processes - Check-in templates
- Transparent view of goals and OKRs
- Configurable performance tracking and review templates
Long-Term Incentive Management
Design and administer long-term incentive programs such as stock options or restricted stock units to retain and incentivize key employees.
- LTI allocation
- Deferred compensation
- Cash-based and stock-based awards
- LTI award tracking, including multiplier processing
- LTI agreement generation and distribution
- Automated forfeiture rules
Modeling & Calibration
Simulate different compensation scenarios to assess the impact of various reward structures on employee motivation and organizational objectives.
- Budget modeling
- Complex award calculations
- Award calibration
Total Rewards Communication
Facilitate transparent communication of the overall value of employee compensation.
- Combined compensation and rewards
- Time-based vesting and milestone vesting schedules
- Employee total rewards experience
- SSO-enabled branded employee portal
Carried Interest
Calculate and distribute profits to employees based on their share of the gains.
Sales Commissions
Automate the calculation and management of sales commissions, ensuring accuracy and transparency in rewarding sales performance.
Planning Tools
Maximize your compensation management efficiency with a suite of cutting-edge tools that allow you plan for present, future and long-term objectives.
- Centralized planning dashboard
- Automated plan distribution
- Review and planning tools
- Complex award calculations simulation/calibrations
International Capabilities
Address the complexities of managing compensation across different countries.
- Global pay requirements
- Multi-currency conversions
- Language translations
Administrative Capabilities
Streamline administrative tasks to improve efficiency in compensation management processes.
- Document repository
- Organizational hierarchies
- Auditable processes
- Stock ticker price integration
- HRIS integration
Budgeting
Set, monitor and manage compensation budgets, ensuring alignment with overall financial goals and constraints.
- Automated budget controls
- Flexible budgeting process
- Budget pool management
Compensation Statements
Generate personalized statements for employees, detailing their total compensation package and helping them understand the value of their benefits and rewards.
- Online statements
- Configurable statement templates
HRSoft Intelligence
Strategically plan and allocate resources across various forms of compensation.
- Salary management
- Bonus calculations & allocations
- Long-term incentives & bonus deferrals
- Manage complex proration rules
- Manage spot bonus/off-cycle workflows
- Frequent incentive plans
Milestone Bonus
Track, calculate, and process cash incentive payments tied to project or deal milestones.
- Flexible program design
- Automated calculations
- Manager tools
- Real-time employee communication
- Enterprise governance and security
- Templates and rapid provisioning
“[HRSoft] provided multitudes of flexibility to help craft statements that have accommodated our complex needs… the team has really crafted a sharp and impactful product that I am excited to get into the hands of our associates.”
-Director of Benefits & Wellness, Performance Food Group
Simplify Complex Compensation Strategies
Give your team the tools they need to make better compensation decisions from day one.