Planning Compensation Programs Features and Functions
Planning for base salary, bonus, and stock award programs includes development of guidelines, eligibility rules, award ranges, market reference points, etc.
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- Manage multiple plan models or eligible groups
- Establish compensation award calculation rules, award guidelines, and eligibility criteria by plan
- Set filters for planning against subsets of the total employee population
- Store and update base salary, bonus, and stock award ranges by grade, band, or employee group
- Merit matrix template for configuration
- Eligibility rules may be defined for multiple plans
- Set compensation plan effective period or time parameters
- Conversion to multiple currencies for payouts or modeling
- User-defined priority for currency conversions
- Individual and group incentive plans
- Planning for exempt employees
- Planning for non-exempt salary employees
- Planning for non-exempt hourly employees
- Planning for employees associated with trade unions
- Apply mandatory increases or bonus payments required by law
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Employee Compensation Management Features and Functions
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