|
Salary Planning utilizes the Softscape Apex integrated workflow engine to route and approve salary plans for the organization. Based on plans established in the Compensation Administration module, managers receive Compensation worksheet containing information relevant to their organization’s plans and policies. Organizations can establish multiple levels of review and approval as well as determine the level of enforcement of guideline and budget compliance.
Compensation rules allow for multiple concurrent increases for different compensation types such as promotion increase, market adjustment, merit increase and lump sum payments. All compensation transactions are effective dated to allow for retroactive increases. Off cycle increase can also be processed using the same compensation worksheet while providing managers a view of the budget impact of the unplanned events.
- Workflow engine to route and approve salary plans
- Establish multiple levels of review and approval
- Enforce guidelines and budget compliance
- Fast & easy access to detailed data
- On-line tracking of proposed changes
- User specific dashboards
- Analyze data by title, performance, and variable pay
- Automatic rollups through organizations
- Easy duplication of plans across companies
- Flexibility to integrate with any HRIS System
- Compensation plans migrated to future years
|
