Compensation Management

Compensation management fosters a performance-driven culture

Compensation management is crucial to retaining employees, keeping morale high, and enforcing a performance-based culture that’s focused on achieving goals. You need configurable compensation management plans to help your company enforce budget guidelines across the enterprise. And, to extend compensation management globally, you need to accommodate multiple languages, currencies, and cultural requirements.

The SumTotal compensation management system, as part of the unified SumTotal Talent Development Suite, aligns equitable compensation with performance to retain star performers, reduce employee turnover, and engage and maintain a strong, productive workforce. By integrating your compensation management planning with performance management processes, our easy-to-use solution ensures that your employee increases are fair. Our intuitive compensation management software helps you accurately reward your top performers and equitably distribute consistent salary adjustments based on merit. And SumTotal understands how compensation management works best—and how it fits into an overall talent development effort.

Compensation Management – Key benefits:

• Eliminate costly errors associated with spreadsheets and disparate systems
• Engage managers worldwide with self-service tools and comprehensive support
• Achieve faster time-to-value when you easily upload and modify budgets, salary structures, and increase guidelines
• Flexibly manage your specific needs with configurable compensation management workflows and multi-component compensation management
• Support a global workforce with capabilities to accommodate multiple languages, currencies, and cultural requirements

Whether you’re ready to enjoy the benefits of a fully integrated talent development deployment, or in search of a standalone employee compensation management system, SumTotal offers a scalable implementation that delivers the simplicity you want with the powerful features you demand.

Compensation management could be your most effective weapon in the increasingly competitive war for talent. The SumTotal Compensation module helps you gain tactical advantage by enabling variable compensation programs based on solid employee performance data. The results? You can accurately identify and reward your top performers.

With configurable compensation planning features, this module works with your budget, your procedures and your rules—so you can efficiently create and manage merit increases, bonuses and other compensation factors that motivate your unique talent base. Updates and recalculations happen in real time across multiple users. And pay-for-performance initiatives become more feasible with the ability to automatically calculate budget impact and identify potential overages.

The Compensation module offers you:

• Web-based access (on-demand or licensed)
• Configuration flexibility to accommodate your compensation factors, budget guidelines, business rules, workflows, and access requirements
• HRIS integration to ensure accurate employee data and payroll updates
• Integration with other SumTotal Employee Performance Management modules
• Ability to feed overall performance ratings from other modules directly into compensation plan to ensure accurate pay for performance
• Ratings adjustments based on score calibrations
• Real-time salary planning updates
• Support for off-cycle compensation events
• Real-time compliance monitoring and automatic reminders
• Fully customized individual and management reporting

	Download the Compensation Management datasheet

If you would like to talk with us about how we might help you strengthen your learning and development, talent and employee performance, please call us at 1-866-SMTOTAL (866-768-6825) and ask to speak to one of our sales professionals, or use our online contact form to have us contact you.