Compensation

Peoplefluent Compensation dramatically collapses the time and effort required to complete your global compensation planning process. Unlike other vendor solutions, Peoplefluent Compensation provides your Compensation team with all the power and flexibility they need without any of the hassles or costs of customized software code. 

The Peoplefluent 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 plan designs appropriately for different eligible populations. Guide the process through supporting alerts, workflow, guidelines and circumstance-sensitive guidelines to deliver in-budget appropriate recommendations.

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 hone in 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.

Advanced Compensation Plan Design

If your compensation plans include unique factors, measures, and calculations as most organization’s do, our solution offers user defined formula libraries to build these unique elements without customization. Changes applied through the advanced compensation design tools build a 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.

Global Compensation Planning

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 to default corporate currency exchange rates.

Employee Reward Communications

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