Improve Visibility and Governance Across Business Units and Cost Centers
Workforce Ready Compensation Management enables you to set up compensation cycles with remarkable speed and ease. Simply define the program type, enter the start and end dates, assign a cycle manager, and specify the employee type to be included, such as hourly, salaried, seasonal, or executive.
Workforce Ready Compensation Management lets you define the budget for each compensation cycle using an intuitive, spreadsheet-like interface. The application supports both top-down and bottom-up budgeting processes — with appropriate approval workflows — and your choice of salary structure.
Managers can model compensation scenarios for their direct reports using the application’s built-in worksheets. Or they can plan offline in Excel® and seamlessly import updates back into Workforce Ready. Managers can enter merit increases by percentage or flat amount and see how much of the budget has been allocated in real time.
Proposed increases are automatically routed through a configurable approval workflow; automated alerts and reminders keep the process moving forward. Security controls let you determine who can access specific information and functionality, and who has override privileges at each step in the process.
Workforce Ready Compensation Management is the ultimate add-on to the Workforce Ready HR suite of tools.
Compensation planning with automation tools and workflows
Increased visibility into all phases on compensation planning
Corporate governance with automated enforcement of compensation guidelines
fair, equitable compensation decisions across the organization