Employee Compensation

Summary of the Employee Compensation Functionality:

The Compensation module maintains, tracks, compares, surveys, and reports wage and salary plans for individual employees, or groups of employees. All commonly used salary grids/matrices can be defined with ease and flexibility.

Global changes can be easily applied as any number of selection criteria are available.

• Unlimited number of plans, grades per plan, steps per grade
• Any number of additional pays (allowances, stipends) can be attached to the employee wage record
• Compa-ratio calculations
• Salary grids can be created based upon job evaluations
• Recording of compensation survey information for regional or occupational comparisons

• Controlled, audited compensation changes
• Effective dates on changes, mass generation of global changes with extensive selection and change criteria
• Simulated salary updating for modeling scenarios (what-if analysis) and collective agreement costing
• Full organizational compensation analysis