Compensation Planning

Allowing line managers to participate in compensation planning process encourages empowerment.

This module contains workflows to gather feedback from managers about the suggested increments for each of their team members.

Features

• Allows the administrator to start an increment cycle synchronized throughout the company.
• Involves line managers in helping decide increments for their employees.
• Allows setup of rules by the HR (compensation planners) to define the increment bands, bonus criteria etc.
• Encourages real time feedback to managers and a collaborative framework to allow full participation of both managers and HR to take decisions about the increments.
• Generates annual increment award letters for the employees.

Integration with other modules

Integrates with HRIS and Payroll modules of EmpXtrack