Compensation planning
TRANSFORM YOUR REWARD PROCESS
Many organisations are dependent on multiple spreadsheets to manage salary and bonus reviews. Without a dedicated compensation management system to centralise and process pay data, you risk impacting every aspect of your business, including employee retention.
Compensate, our salary and bonus planning software, is built to handle the most complex pay structures and diverse workforce needs. Compensate will help you build a consistent, data-driven, efficient approach to compensation management, all via a responsive and user-friendly interface, accessible via every device.
The benefits of better compensation management software
Increase employee satisfaction and retention
Improve cost control and transparency
Create standardised, more efficient reward processes
Enhance data security and ensure compliance with company policies
Model consistent, effective reward management policies
Compensate enables you to manage salary and bonus reviews effectively, ensuring a higher degree of accuracy.
Create pay matrices based on performance rating, salary benchmarking, position in pay band, and more.
Easily apply pay policies to individuals, but also by country, division, department, or grade.
Effective workflow enables delegation to managers who can review, approve, and implement changes based on their role in the review.
Harness Compensate’s built-in reporting tools, including impactful visualisations, dashboards, and filters.
Empower your managers
Too many businesses rely on multiple, complex documents for compensation management.
But with Compensate, you consign spreadsheets to the past. Our dedicated functionality enables organisations to conduct more efficient salary and bonus reviews through a single system. What’s more, it applies controls to pay reviews, speeding up the entire process. You can automatically generate letters to notify employees of changes to their rewards and compensation.
Our compensation software solution also improves data security for sensitive employee information. Organisation charting assists with the key process of data cleansing and enables managers to undertake pay reviews more easily.
Learn how to transform compensation management
Download our free report
Improve data management
Compensate builds full analyses of manager recommendations, and it has the tools and filters to create stimulating visualisations and reports for senior managers and remuneration committees.
With its ability to model and analyse different approaches to pay and bonus reviews, our compensation management system will lead your organisation towards a more data-centric way of operating.
And with all data held in a centralised location, it’s easy to access previous years’ salaries and bonus reviews for comparisons, enhancing training, awareness, and documentation of processes.
Ready to unlimit what’s next?
Experience first-hand how our solutions can transform your organisation.
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