Reference: Compensation Capabilities

You can view high-level feature descriptions for the capabilities in this product area.

Supports managing compensation events independent of an organization’s compensation review processes or job changes. The functionality provides the ability to:

Propose and request stock grants.
Request one-time payments, and ad hoc compensation assignments.

Provides the ability to monitor and report on potential demographic pay equity issues.

Provides the ability to:

Define estimated earnings for employee populations.
Support customized configurations.
Simulate changes in compensation that result from various HCM business processes.

Provides the ability to analyze and manage pay equity analysis, utilizing multiple HCM data sources that track current and historical employee data from compensation events.

Supports providing specific monetary amounts within compensation grades or grade profiles to eligible workers. The functionality provides the ability to:

Preserve employee step progression if they receive a pay increase tied to an effective date.
Schedule automatic employee moves between steps.
Notify administrators and managers about upcoming employee step progressions.

Provides the ability to support configuration of compensation packages, compensation grades and compensation grade profiles.

Provides the ability to manage and track compensation events as part of staffing processes, and to autocomplete compensation steps that were approved during the hire and offer processes.

Supports storing and reporting on internal and external compensation survey data and benchmarks. The functionality provides the ability to:

Maintain multiple survey vendors, products, and surveys.
Store survey jobs and matches between surveys and job profiles.

Supports academic pay for workers who are considered full-time employees by their institution. The functionality provides the ability to:

Create and maintain locality pay areas.
Create period activity pay to compensate workers on configurable assignments in both academic and non-academic jobs.

Provides the ability to create a compensation basis to manage employee compensation changes as a total compensation amount, and distribute the changes to the components included in the compensation basis.

Provides the ability to set up and manage compensation for a global workforce.

Provides the ability to create and deliver severance packages to terminating employees, including configuration of notice periods, severance payments, and severance duration.

Supports configuring various types of compensation plans to support compensation transactions and reporting.

Provides the ability for managers to request an ad hoc one-time step progression compensation increase event.

Provides the ability to report on the compensation and benefits details that employees can access.

Provides the ability to generate wage theft prevention notices to provide employees visibility.