Pay and benefits – What is it?
- Manage Remuneration as a whole, at a company, department and individual level
- Create and manage remuneration packages that include any combination of salary, bonus, commission and benefits.
- Provide different remuneration schemes that combine different elements by grade, role, location or even by individual.
- Link to the Payroll system and feed data for each pay-period.
- Link to the Payroll system and retrieve information of actual payments, deductions and other benefits for management reporting and analysis.
Benefits:
- Easily managed pay scales and systems
- Single / combined view of Pay and Benefits for HR and Finance
- Informed and easily managed pay review process
- Comprehensive reporting both in HR as well as Finance terms
Examples of these could be organizations with sales departments with high commission elements, and other departments that receive bonuses related to individual and departmental or company performance
