Reference: Advanced Compensation Capabilities
You can view high-level feature descriptions for the capabilities in this product area.
Bonus Process Options
Provides the ability to define the:
- Earnings amount that’s eligible for bonus pay.
- Time period associated with eligible earnings.
- Qualifying bonus plans.
- Deferred bonuses.
Compensation Administrator Tools
Provides the ability to:
- Monitor, manage, and report on compensation review processes.
- Configure critical and warning validations that surface in an in-progress compensation review process.
Compensation Matrices
Provides the ability to create and configure compensation matrices with various factors to determine merit increases, bonus targets, and stock grants.
Compensation Review Award Types
Supports multiple award types in the compensation process.
Compensation Review Calculate Targets and Manage Pools
Provides the ability to review calculated targets and manage award pools. The functionality supports:
- Merit pools based on the employees' merit targets or a configured amount.
- A configurable process period start date for each merit or bonus plan included in the compensation review.
- Proration rules.
- Recalculating pools and awards.
- Entering an achievement percent to rate the level of performance toward each goal within the selected compensation scorecard.
Compensation Review Eligibility
Supports configuring rules for managing a compensation eligibility waiting period, and making employees eligible for a review process based on multiple factors.
Compensation Review Mass Actions
Supports compensation review process mass operations. The functionality provides the ability to:
- Bulk update compensation process attributes and eligibility.
- Import and retrieve bulk compensation data.
Compensation Review Modeling and Planning
Provides the ability to:
- Create, share and track compensation review modeled information.
- Estimate the effects on bonus awards by processing compensation details as if from an actual review.
- Support bonus estimate scheduling settings to run future calculations.
Compensation Review Planner Experience
Provides the ability to:
- Initiate, manage, and complete compensation review processes for eligible workers.
- Validate the compensation review process dates.
- Configure currency options.
- Hide and show budgets.
Compensation Review Process Setup
Provides the ability to enable customers to populate settings in a compensation review process.
Compensation Review Statements
Provides the ability to:
- Create and manage compensation review statements.
- Release statements to managers and employees.
Coordination of Events
Provides the ability to manage employees, pools, and awards during parallel events.
Manage Compensation Plans
Provides the ability to manage merit, bonus, and stock plan setup, including proration rules, scorecards, targets and target visibility, and waiting periods.
Manage Compensation Review Process
Provides the ability to:
- Plan for and grant periodic merit, bonus, and stock awards for employees in a mass shared participation process.
- Enable groups to review the awards before finalizing the process.
Stock Process Options
Provides the ability to define:
- The earnings amount that’s eligible for stock awards.
- The time period associated with eligible earnings.
- Qualifying stock plans.
- Stock allocations.