Finance, compensation specialists, budget, payroll and executive departments experience the benefits of an automated compensation software system for their top line producers, including:
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Reporting of actual to budget compensation expense by department and/or department by person
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No more crunch time chaos to complete salary recalculations or incentive true-ups in time for payroll upload deadlines
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Comparative information of each salary component change and/or incentive true-up for each person within each director’s responsibility facilitating transparency and communications
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Reporting of standardized metrics that measure the cost-effectiveness of the compensation plan
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No more mistakes in calculations for a formula that wasn’t propagated across the manual process
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