Compensation Planning

Peoplefluent Compensation Planning dramatically reduces the time and effort required to complete your global compensation planning process. Compensation Planning solution ensures that rewards are calculated accurately and comply with plan guidelines, manage pro-ration events, and aggregate budget decisions across multiple currencies.

The solution allows managers to think strategically about people, performance, and pay rather than relying on mechanical guidelines. Communication of approved rewards fosters a dialogue between employees and managers that helps motivate and retain top performers.

Salary and Incentive Management

Allocate rewards for your assigned team or department to retain top performers in high impact positions. Build an organization-specific configurable library of plan designs for your organization to apply them appropriately for different eligible populations. Guide the process through supporting alerts, workflow, guidelines and circumstance-sensitive guidelines to deliver in-budget appropriate recommendations.

Peoplefluent’s Compensation Planning solution allows you to invest the right amounts in the right people in a manner that reflects the mission-critical nature of talent management. Motivating, rewarding and retaining your top employees requires investing rewards to deserving people over the course of a year versus within the confines of a planning cycle.

The Compensation Planning solution enables HR and other resources to design and implement strategic programs that help you retain and motivate the best people when those investments matter most. Peoplefluent’s Compensation Planning product capabilities focus on “pivotal rewards” moments in the employee lifecycle, including promotions, retention and immediate recognition. The solution dramatically improves accuracy, maximizes compensation effectiveness and reduces the time and effort required to manage salary planning, incentive planning, stock rewards, compensation plan configuration, and rewards communications.

Peoplefluent compensation is the only solution in the marketplace that provides enhanced flexibility and visibility without any of the hassles or costs associated with customized software code.

Precision Rewards Budget Management

Track plan progress and ensure adherence to budget when reviewing salary evaluations and implementing adjustments. Your organization can utilize a single compensation strategy or choose to create custom strategies based on department, location or other criteria. Use a convenient worksheet navigator capability to focus on any manager, second level manager or other individual within the planning hierarchy to help understand budget spending as it occurs to ensure align with overall compensation philosophy.

As planning managers make decisions, Peoplefluent’s Compensation planning allows them to see the immediate impact of those decisions. Calculations take place immediately, and if a currency value is entered as a reward recommendation, percentage increase is automatically calculated and vice versa. By providing this visibility, Peoplefluent helps your managers understand the budget impact of proposed people investments relative to guidelines.

Advanced Compensation Plan Design

If your compensation plans include unique factors, measures, and calculations as most organization’s plans do, Peoplefluent’s solution offers user defined formula libraries to build these unique elements without customization. Changes applied through the advanced compensation design tools build your user-defined formula library to extend the system for your calculation needs, while also fully preserving the library captured within the product in fully upgradable fashion.

Peoplefluent Compensation Planning is configurable to reflect the plan design and planning preferences of your organization. Planning worksheets help managers by not only allowing managers the ability to enter a discretionary reward, but also by guiding them through a successful planning process, including adherence to budgets and other salary plan guidelines. The solutions also help:

Identify salary guideline definitions for informed decisions
Conduct pay for performance analysis
Analyze salary grades
Produce salary increase statements

Year-Round ("Off-Cycle") Planning Capabilities

Peoplefluent Compensation helps you budget and invest rewards in the people who drive bottom line business results for your organization. Solution capabilities include cycle-process workflow support for those organizations that continue to follow an annual, quarterly or other periodic payout cycle. Just as important, it also allows you to consider your budget and spending on a year-round basis – and tie those budgets to workflow for reward actions including:

Job Promotions
Retention
Everyday Rewards Recognition

Global Compensation Planning

Peoplefluent Compensation Planning offers the best solution to deliver an easy-to-understand global compensation planning solution to support operations in the different countries in which they do business. Currencies may be converted from local or planning currency to the selected currency.

You have the flexibility to plan in your local currency or convert the rewards, budget, or other compensation elements to local currencies. Our solution allows information to be displayed based on the location of your business or the location of your individual team member with their individual records shown in their own currency. Regardless of which option you choose, final figures are reconciled the default corporate currency.

Employee Reward Communications

Prepare total pay statements that show your workers their base pay, bonus and stock compensation, along with any allocated increases.

Incentives Rewards

Peoplefluent Compensation supports manager-discretionary or automatic incentive and bonus reward plans. Employees who understand how their bonuses are calculated appreciate the motivating value of the rewards. For organizations that tie performance goals directly to incentive payouts, Peoplefluent links goal results to incentive payouts to calculate the appropriate reward. By doing so, performance toward achieving goals is explicitly aligned with resulting rewards.

Stock Rewards

Peoplefluent Compensation supports planning for stock grants and rewards, including options, restricted shares and other reward types. The solution includes the flexibility to plan in currency amounts, for a target reward value, for total number of options, for total restricted shares or for any combination.

Total Rewards Planning

Organizations that have a compensation planning process that includes more than a single reward type can include planning options for salary, incentive and stock rewards on a single worksheet.