SIMPLIFYING Compensation: Merit, Bonus, Equity
Modern, easy to use Compensation Management solution to manage Merit, Bonus and Equity cycles in a fraction of the time with no errors. Speed and flexibility for HR - Live in Five days or less - highly configurable, a customized user experience. Visibility throughout the cycle for Senior Leadership. Managers love the intuitive interface, no training required. Secure cloud-based application, available anywhere... Read more
Modern, easy to use Compensation Management solution to manage Merit, Bonus and Equity cycles in a fraction of the time with no errors. Speed and flexibility for HR - Live in Five days or less - highly configurable, a customized user experience. Visibility throughout the cycle for Senior Leadership. Managers love the intuitive interface, no training required. Secure cloud-based application, available anywhere on any device. SimplyMerit supports both salary and hourly employees simultaneously, is multi-currency, handles the currency conversions, applies the automatic prorations as configured by you, manages the approval workflow, and even generates and distributes your multilingual adjustment letters - enabling global reach. Read less
Features and Benefits
Fast Implementations: Live in Five days or less
SimplyMerit is integrated with the current version of ADP Workforce Now® allowing blazingly fast and easy setup and configuration. Most customers are Live in Five days or less... and we've helped customers go live in as little as four hours.
Ease of Use for Your Managers
A clean, simple experience for managers along with a highly customizable modern experience for HR. No other tool is as easy to use yet highly configurable to meet your organization's unique needs.
Let's face it... sending sensitive compensation data out via spreadsheets through email is not secure. SimplyMerit avoids security worries especially when there are now so many remote workers.
SimplyMerit is a tried and true platform that eliminates costly spreadsheet and user errors. SimplyMerit manages the currency conversions automatically, applies the configurable prorations, manages the approval workflow, and alerts when managers step over the "guard rails" that you establish.
Visibility and Transparency
Managers see unprecedented data about the impact of their salary planning decisions for their team as well as every manager in their span of control. All actions in SimplyMerit, from approval requests to approvals to even all modifications, are visible in the application as well as communicated via email to the appropriate managers.
Complete Solution for Data-Driven Decisions
SimplyMerit is a complete solution for compensation planning, engaging and empowering managers to make informed compensation decisions, and customized adjustment letters automatically distributed to managers. Simple. Direct. Complete.
Workflow and Collaboration
The simple and elegant interface provides for a natural and deliberate workflow, and it provides deep collaboration between HR and managers.
Numerous guidelines and compensation recommendations established by HR in the configuration phase are readily available to managers throughout the application including recommended merit percent increase ranges.
Live in Five - Most customers are live with SimplyMerit in Five Days! Extensive configuration options allow HR to provide a customized experience for their managers as well as to provide guidance to managers directly within the application. Our configuration engine supports stub year processing, automatic proration rules, and variable timing bonus plans at the individual instance level.
SimplyMerit supports all global currencies (170+) with roll-ups automatically converting to the company's base currency. Managers plan in the employee's local currency. SimplyMerit automatically converts to the company currency for all aggregations. SimplyMerit helps you manage one global budget across all of your global locations.
Governance and Security
Let's face it, sending spreadsheets of sensitive compensation data through email is not secure especially with large numbers of remote workers. SimplyMerit's security is automatically configured. Managers only see their span-of-control. Additionally, every update is tracked in our application to ensure maximum auditability, and a version of each record is captured prior to every change made within SimplyMerit.
Every step of the merit, bonus, and equity allocation and approval process, including generating and distributing adjustment letters, is included in SimplyMerit. It truly provides a complete experience from start to finish.
CoreTeam, Powered by SimplyMerit, is a workforce planning application focused on the difficult task of right-sizing your organization. CoreTeam helps you understand the exact financial impact of layoffs, furloughs, pay reductions, and schedule reductions across every level of your organization.
MorganHR is unique in the industry as both a Compensation Consulting firm and a Compensation Software company. At the end of your merit and/or bonus cycle using SimplyMerit, MorganHR will run your compensation data through our analysis engine. The results will be analyzed by our consultants, and a multi-page “Board-ready” analytical report will be generated for you.
The services are provided by an independent third party and not provided by ADP and ADP is not responsible for such third party’s products or services.