Compensation Management Software Features

Activity Dashboard

Dashboard to view activity

Benefits Management

Record employee's benefit plans and selections throughout career progression

Budget Management

Forecast, plan, log, report and analyze project spending

Commission Management

Track employee commission potential and earnings

Compensation Plan Modeling

Performs calculations and analyzes how salary and equity should be awarded to employees across locations, performance levels

Compensation Statements

Creates employee benefits statements that include all of a business¿ perks and incentives.

Employee Database

Electronic storage of staff contact information and job status

Employee Portal

Online gateway through which employees can access and track their own information and metrics

Employee Reward Programs

Builds a system of rewards to encourage performance and link employee outcomes to business needs.

Incentive Management

Manages incentive programs such as profit sharing, stock awards, and individual bonus plans,

Market Data Analysis

Collect data from multiple sources within the market (competing products, customer behavior, season, weather, special events, etc)

Merit/Bonus Management

Manage merit increases and develop increase plans that are implemented across all departments as well as bonus structures for employees

Performance Management

Organize and manage the accomplishments and development of employees

Reporting/Analytics

View and track pertinent metrics

Salary Planning

Manages salary reviews. Budgets, benchmarks and tracks all salary processes and associated costs.

Related to Compensation Management Software