Compensation Management

Enable variable compensation programs based on solid employee performance data.

In the increasingly competitive war for talent, accurately identifying and rewarding your top performers is a tactical must. TotalPerformance Compensation enables variable compensation programs based on solid employee performance data.

Compensation’s configurable compensation planning module builds in your budget, procedures and rules for efficiently managing merit increases, bonuses and other compensation factors. Updates and recalculations happen in real time across multiple users. TotalPerformance Compensation automatically calculates budget impact and highlights budget overruns, allowing management to test pay for performance scenarios while adhering to budget guidelines.

Benefits:

• Web-based (on-demand or installed)
• Configured with your
• compensation factors
• budget guidelines
• business rules
• workflows
• access requirements
• Integrates with your HRIS to ensure accurate employee data and payroll updates.
• Integrated with other TotalPerformance Employee Performance Management modules.
• Overall performance ratings feed directly into TotalPerformance Compensation to ensure accurate pay for performance.
• Ratings adjustments to result from score calibration update salary planning in real time.
• Supports off-cycle compensation events.
• Real-time compliance monitoring and automatic reminders.
• Fully customized individual and management reporting.