HRsoft offers a centralized system for planning, allocating and managing compensation for employers.
Salary, Merit, Incentive Plans, Bonuses and Other Elements in One Tool
The Software as a Service (SaaS) solution supplied by HRsoft is designed to help employers with all aspects of Compensation Management planning and management.
Many progressive companies are committed to a pay for performance culture. At the core of pay for performance is differentiating rewards based on how and what an employee delivers toward accomplishing the business strategy.
With pay for performance, companies get improved business results and increased retention of top talent. The HRsoft Compensation Management solution helps organizations enable pay for performance.
The solution is used by employers who desire to have a single automated system to:
- Simplify the calculation and administration of annual bonuses and incentive pay;
- Manage merit pay, salary adjustments;
- Do budgeting and planning of increases and bonus programs;
- Allocate bonuses according to various business rules and performance factors;
- Give managers discretion to make awards within guidelines.
- Easily produce Compensation Statements for employees
- Standard pre-configured management reports.
Compensation Management Increases Accuracy and Supports Pay-for Performance
- The HRsoft Compensation Management software solution is successfully used by employers in a range of industries and sizes.
- Known for delivering robust technology that is easy-to-use, HRsoft may add to the success of your compensation program.
- Allows for improved decision-making about compensation matters.
- Accelerated Time to Value with Fast Implementation
Does away with multiple Excel Spreadsheets.
Download the HRsoft Fact Sheet about Compensation Management by clicking on the link below:
Screen Shot of the HRsoft Compensation Management Application: