Performance and Compensation Management Features and Functions
Performance and Compensation Management provides organizations with the ability to track employee competencies and performance (including skill gap analysis, assessment and evaluation tools, etc.), as well as the ability to analyze trends and report on them.
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Competency and Performance Management
The ability to track employee and corporate competencies as well as performance including skill gap analysis, assessment tools, and regulatory compliance.
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Performance Management
Performance Management functionality includes activities to ensure that goals are consistently being met in an effective and efficient manner. Performance management focuses on the performance of an individual and/or department, and includes processes such as setting performance expectations, monitoring progress, appraising and finally rewarding (through compensation).
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Performance Assessment and Evaluation
Performance Assessment and Evaluation includes functionality for inputting, planning, and tracking an individual's performance appraisals as well as executing employee engagement surveys.
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Compensation Management
Compensation is the remuneration received by an employee in return for his/her contribution to the organization. Compensation Management is the practice of providing monetary and often non-monetary benefits to employees.
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Performance and Compensation Analytics and Reporting
Performance and Compensation Analytics and Reporting provides functionality for creating customized reports (ad hoc), accessing standard reports, and analyzing performance and compensation data (including appraisals, surveys, and more).
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Human Capital Management Features and Functions
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