- Get a simple, straightforward way to administer compensation and pay-for-performance programs.
Pay for performance
They say life isn’t fair. Not so with Halogen Compensation™. It’s the award-winning compensation management software that lets you introduce real accountability to your compensation plans and reward your workforce accurately and fairly, based on real, measurable performance. And that’s just for starters.
Halogen Compensation provides all management levels with a secure, simple-to-use tool for distributing merit-based compensation, including base salary, variable pay, promotions, lump sum awards, bonus pay, and stock options. The system even automates budget distribution, approvals and tracking.
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Now HR can work from a simple, straightforward and familiar online interface to set up and manage compensation workflow, budget definition and approval, salary scales, merit matrices, bonus metric profiles and guidelines. Plus, see exactly where everything is at any point in time — just with the click of a mouse.
Make sure employees get rewarded based on their actual performance ratings. You'll encourage higher performance and stronger employee engagement.
Now HR doesn't have to be in the middle, chasing down recommendations and approvals, and getting blamed when things are late. The Halogen Compensation automated workflow, email reminders and on time report keep everyone accountable for completing their system tasks on time.
Managers will love how they have access to all they need to make truly informed compensation and incentive recommendations. With visibility into everything from employee compensation histories, to performance ratings, and even goals, employee development plans and feedback, managers can feel confident they're making wise decisions.
Halogen Compensation does all your pay for performance calculations for you, so everything adds up — every time. Imagine, no more combing through spreadsheets to find and correct compensation system errors. These are time savings you can count on.
Now your executives can feel confident they're investing well in their workforce. You can even give them the discretion and opportunity to differentiate and calibrate salaries, bonuses and lump sum payments as they review and approve compensation changes.
Compensation management is how companies manage the financial and non-financial benefits that employees receive for their contribution to the organization. It consists of all forms of monetary and non-monetary rewards/pay provided by the employer to the employees for services contributed by them towards organizational objectives.