Salary Plan 2018-04-19T14:38:40+00:00

What it can do for your business

Salary Plan is a better way to create accurate, collaborative plans and forecasts for staffing expenses. In most organizations, payroll costs are the largest expense, in at times exceeding 70% of the total budget, and yet creating accurate compensation plans and forecasts remains a challenge for many organizations. This is because payroll costs involve an intricate set of inter-relationships, where a change in one factor, for example, a negotiated rate increase, has a cascading impact throughout the plan.

“What-If” Scenario Management

is supported through an unlimited number of versions in combination with a global modeling tool; invaluable for processes such as union negotiations.

Security

Advanced security is mandatory where employee data is involved. The security system ensures that each user can view and / or change only authorized information.

Key Features

USER-FRIENDLY INTERFACE

  • A graphical tool enables users to visually plan for anticipated events, such as promotions, compensation changes, changes to overtime hours
  • for specific employees and employee’s position-step movements.

SPLITS

  • Individual compensation and benefit amounts can be split among multiple departments, projects or cost centers
  • based on a percentage, FTE or number of hours.

HANDLES COMPLEX SCENARIOS

  • Various scenarios such as pooled positions, unfilled positions, and multiple grades/steps and compensation types within a position
  • A variety of dates impact the calculation of the plan, including employee hire and termination dates, in-year absences, pay period start and end dates, etc. …

FLEXIBLE DATA MODEL

  • A single data model allows easy definition of elements such as pay cycles, union groups, compensation types, etc.
  • The data model drives the calculation of the whole salary plan, and results are produced from both FTE and financial perspectives.
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