All organizations require an effective compensation management system that will help them ensure,

• The incorporation of the concept 'pay for performance'

• Effective compensation distribution across the organization/business units based on the organizational priorities and budget impact

• Internal and external parity

• Total compensation cost falls well within the budget

Benefits

• Provides a competitive advantage by helping reduce costs through various scenarios modeling, while improving investment profitability and productivity

• Enables implementation of ‘pay for performance’ concept by evaluating performance and adjusting compensation accordingly

Key features

• Prepares data sheets for compensation decisions at a business /individual level

• Develops various reports on current compensation for each employee

• Provides individual as well as business wise analysis of performance review

• Provides various analysis for review decisions both at a business as well as individual level

• Creates cost models to analyze pay increase scenarios

• Develops fair and objective merit increase plans based on the budget, individual employee performance, and compa-ratio

• Provides review compilation and budget impact check

• Compiles compensation information by drawing different salary planning scenarios and in-depth analysis of the compensation structures

• Evaluates and compares the cost of multiple scenarios based on the distribution of the merit increase budget

• Identifies outliers and determines & estimates the cost of out-of-range employees

• Models of new compensation structure in including baseline salaries