Motivate Employees with Goal-Driven & Time-based Rewards

Motivating, rewarding, and retaining top performers is key for any successful organization that seeks to maintain or exceed growth expectations. The key is automating the entire reward process enterprise-wide including employees, teams, executives, and sales. Success strategies inherent within this dynamic web-based system encourage high-level performance and profitability to impact the bottom-line and drive organizational growth.

Softscape’s Incentive Compensation suite comes bundled with the following modules:

• Incentive & Rewards Management

• Goals Management

Softscape’s Incentive & Reward Management solution manages goal-driven incentive plans outside of annual reviews and that are tied to achievement of specific time-based goals or stretch goals. Designed to motivate employees and manage financial rewards across an organization, this web-based system supports administrators and managers in calculating and managing the entire reward process enabling true pay-for-performance.

Key Benefits

• Instant access to centralized compensation data
• Plan & manage incentives while adhering to budget issues
• Prepares incentive measures to help drive revenues
• Streamlines incentive policy administration
• Communicates objectives that encourage productivity
• Improves employee morale and enthusiasm through a clear cut understanding of goals and rewards

Key Features

• Separate plans by business area and job type
• Communicate incentive programs and policies across the organization
• Create and maintain budgets
• Effective dating of incentive events
• Align future goals based on performance data
• Payable amounts for incentives fed to payroll
• Measure proposed incentive against corporate guidelines
• Incentive review workflows & approvals
• Tie to performance review and planning
• Business unit incentive management for group bonus plans
• Record off-cycle awards and bonuses
• Track and record non-cash incentives and rewards
• On-line tracking of proposed bonus or salary changes
• Individual dashboards and scorecards
• Individual incentive and objective achievement reporting
• Measurable criteria for the release of bonuses
• Analyze compensation data by title, performance, and variable pay
• Automatic rollups through organizations
• Bonus distribution reports
• Incentive plans by responsible organizational units
• Actual-to-plan comparisons and year-end performance projections
• Easy duplication of plans across companies
• Incentive plans migrated to future years
• Flexibility to integrate with any HRIS System