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| Compensation Management |
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Compensation Management is an advanced salary planning, incentive and stock-planning tool, enabling Managers and Human Resource departments to streamline the focal review process.
In addition to supporting multiple budget allocation methods, suitable for a wide range of industries, it eliminates paper, provides numerous planning “views” for management and significantly reduces the time spent on the entire budget planning process.
The Manager Planning Worksheet contains real-time compensation data for all assigned employees, drawing from the centralized NuViewHR® database.
Compensation Management offers the utmost in flexibility to begin the process -- budget increases by department or a pay plan using a merit matrix model. Once the pay plan is approved, managers get allocated their budgets automatically through the click of a button.
The Compensation Planner tracks manager increases against budget and displays the variance for all pay types. The system has the capability to perform both direct and indirect roll up totals so managers, as well as the CEO/COO/CFO, can determine if the company is over or under budget.
Compensation Management then feeds payroll with approved increases at the completion of the planning process.
Standard report library includes Actual vs. Planned increase, Departmental Increase Summary and the ability to generate increase confirmation letters for all employees, plus a built-in ad hoc Report Writer and Query tool to generate answers to your compensation questions.
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| Highlights |
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Integrated system – not stand alone |
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Offers multiple budget allocation methods |
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Roll up to enterprise level view |
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Planning worksheet w/assigned employees |
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Variances to budget, by pay type |
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Budget & increase overrides |
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Confirmation letters to employees |
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Approved increases to payroll |
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Case Studies |
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Software that Facilitates Employee Development |
Using Technology to Serve Employees Better |
Doing It Right The First Time |
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