Compensation Planning: Merit & Bonus Cycles

Compensation Planning: Merit & Bonus Cycles

Determine comp adjustments with data-driven workflows. Get a full picture of employees’ comp in the context of your company’s pay strategy and industry benchmarks so managers can make informed comp adjustments that reward and motivate the team.
- Assign budgets, set eligibility criteria and determine approval workflows all with a simple, step-by-step wizard.
- Track each manager’s progress and respond to inquiries from one central location.
- See the impact of your cycle in real-time and immediately identify and correct issues.
- Automatically generate letters to inform employees of their increases and promotions at the click of a button.