Compensation
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.
Features
- 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