Allocating merit-based pay across an entire organization can be a time-consuming task-particularly for organizations with multiple management layers. Halogen eCompensation™ helps simplify and streamline this process in several ways:
- It can suggest pay adjustments based on appraisal scores, job category, salary scales and other criteria.
- It provides convenient access to background information on every employee such as performance appraisals, journal notes, goals and development plans, and rules and guidelines for their adjustment.
- Allows you to configure complex bonus calculations based on one or more profiles per person or group.
- It calculates compensation-ratios and automatically verifies all recommendations against established budgets and pay guidelines, flagging or restricting those outside corporate policy, and
- Its automated workflow and reminders keep the entire process moving until final approvals are in place.
- Establish confidence in company-wide pay rates and adjustments — the products' built in checks and balances reduce errors and helps ensure more accurate and fair compensation adjustments.
- Foster a performance-oriented culture—a culture where employees are focused, productive and appropriately compensated. Halogen eCompensation, together with Halogen eAppraisal provide the essential tools for helping organizations develop a high performance workforce.
- Avoid legal hassles—access to sensitive compensation information is strictly controlled.
Designed with the same "simple to use" philosophy as our popular Halogen eAppraisal product, Halogen eCompensation helps you distribute merit-based compensation adjustments with point and click simplicity! Halogen eCompensation works well as a standalone product, or it can be fully integrated with Halogen eAppraisal allowing organizations to truly build a high performance workforce.