Compensation Management

Compensation Management is used to assist organizations with maintaining competitive pay levels while managing payroll costs. The product can be used for salary planning, awarding, and incentive compensation. It is used by organizations in budgeting and managing salary awards, bonuses, and equity fairly.

Compensation Management can also be used to calculate and award incentives according to external metrics such as revenue and special incentive funds (SPIFs), and support pay for performance programs. Bonuses can also be tied to performance and goal objectives.