Compensation Allocation and Distribution
Employers are able to allocate the compensation budget according to a variety of factors, measurements and business rules.
Calculations are configured to meet your requirements based on metrics used for the specific plan, position, job level and other relevant conditions.
There can be multiple factors such as: Individual, Team and Organization-Wide measurements.
Technology to Improve the Compensation Process
- Highly configurable software to precisely meet compensation plan requirements
By implementing COMPview, you can eliminate costly calculation errors. COMPview replaces spreadsheets with an easy-to-use online planning tool that provides a centralized, error-free and auditable tool for HR and line managers.
Stay on Budget and Adhere to Plan Rules
- A centralized solution helps stick to compensation plans and uses technology to improve the process
Supports All Compensation Plans
With COMPview, you can:
- Manage salary, merit, bonus, and equity plans
- Support different rules, measurements, budgets
- Establish approval hierarchies and workflows for specific plans.
Managers can view all award types on a single planning screen - if desired
- All compensation plans can be managed with the software. This makes planning efficient for compensation professionals and front line managers.
Manages International Requirements
For companies with global operations, the HRsoft solution lets managers view and plan for all associates with a single worksheet.
Managers can see and manage compensation for those associates in local currency or convert the values to a common currency, such as US Dollars.
Besides foreign exchange capabilities, different pay rates, budgets, org structures and workflows can be configured to meet country-specific requirements.
Support for Global Companies
- Compensation plans with different currencies, pay rates, budgets and workflows.
- Managers can view all international team members on one planning screen and worksheet
Control for the Entire Compensation Cycle
From budget roll-out to the review and approval process, COMPview puts you in control of the entire compensation cycle. You establish rules for every plan.
Guide managers through the decision-making process, based on factors you have determined.
The software helps managers make smart, informed compensation decisions.
- Software makes sure that budgets are maintained and the spend is as planned.
Ease-of-Use for Managers
An intuitive, easy-to-use interface is highly valued by managers. The software is quickly embraced. The result is strong user-adoption and fast results.
COMPview receives great reviews for high user adoption and the experience delivered to business unit managers.
Managers Find the Solution Logical and Easy to Use
- A terrific user experience with HRsoft.
- Managers appreciate decision support tools, alerts , notifications and guidelines within the software to help make proper awards and adjustments.