Compensation Management

The typical global enterprise still relies on spreadsheets or outdated legacy software systems to manage compensation, which leads to inconsistency in how compensation policies and plans are created, implemented, and measured. The fragmentation of compensation management within many organizations can result in poor decisions based on inaccurate or out-of-date information, inefficient and costly systems for rollups and approvals, and an inability to align compensation decisions to the performance of individuals and groups.

SumTotal Compensation Management simplifies and standardizes the planning, modeling, budgeting, analysis, and execution of global compensation and reward policies. Built on the industry’s most complete cloud talent management platform, SumTotal Compensation Management enables you to:

Achieve global compensation visibility by replacing spreadsheets and legacy systems with a flexible, centralized, and modern compensation system
Build a culture of high performers by aligning performance, goals, and rewards across an entire organization
Reduce the cost and complexity of compensation administration by optimizing rollups, exception handling, and approvals

Key Integration Points:

SumTotal uniquely provides native integrations from Compensation Management to other core talent management processes in order to support a holistic, end-to-end talent management strategy.

HR Management System (HRMS): Historical compensation data can be used to guide future compensation and reward decisions
Learning Management: Compensation and incentives can be tied to the completion of learning programs
Performance Management: Performance ratings can be used as inputs into compensation decisions, thereby enabling consistent pay-for-performance policies
Recruiting & Hiring: New positions and job profiles can be tied to pre-defined compensation plans
Succession Planning: The financial impact of succession plans can be modeled and analyzed
Workforce Management: Integrated across the SumTotal strategic HCM solution, SumTotal Workforce Management provides powerful tools to effectively manage labor rules, ensure compliance, and control labor costs and expenses