Remuneration module
“Compensation” refers to the payment of salary increases and bonuses (or other variants, e.g. shares of stock) based on an employee’s performance.
In Employee Management, the Compensation module is fully integrated into the performance assessment process within the employee review meeting, and can calculate suggested values flexibly and in line with the available budget.
Multiple actions
- Communication
- Send email(s) from template
- Send email(s) to manager from template (HR)
- Send email(s) with temporary template
- Create letter(s) from template
- Preparing for salary round
- Assign new calculation formula
- Update calculation formula
- Copy current basic salary data
- Conducting salary round
- Use pre-calculated values for bonus & salary increase
- Revise bonus and salary in table (max. 50 recommended)
- Revise bonus and salary in table, process step 2 (max. 50 recommended)
- Revise bonus and salary in table, process step 3 (max. 50 recommended)
- Analytics for salary round
- Display selection in bonus and salary chart
- Copy reminders from checklist
- Create new highlighted reminder for employee
- Deactivate highlighted reminder
- Change status
- Create print preview (ZIP archive)
- Create print preview as employee document
- Create PDF as employee document
- Add to existing survey
- Add to new survey
- Assign to an event
Configure Compensation selection list
Budget group
Navigate to Settings > Main settings > “Selection lists” tab > dynamic lists > “Compensation” section and click on the 
next to “Budget group” to configure the settings or make changes.
Position evaluation
Navigate to Settings > Main settings > “Selection lists” tab > dynamic lists > “Compensation” section and click on the next to “Position evaluation” to configure the settings or make changes.
Currency
Navigate to Settings > Main settings > “Selection lists” tab > dynamic lists > “Compensation” section and click on the next to “Currency” to configure the settings or make changes.
Compensation process step
Navigate to Settings > Main settings > “Selection lists” tab > dynamic lists > “Compensation” section and click on the next to “Compensation process step” to configure the settings or make changes.
Actions
- Add selection value
- Click here if you want to add a new selection value:
- Add entry:
- German / English / French / Italian etc.
- Enter the selection value (language-specific, depending on the language being used and displayed)
- Formulas to execute
- Select the appropriate formula from the selection list.
- Add entry:
- Edit selection values
- Change English sort order (specific, depends on language selection)
- View deleted entries from this list
Access level for “Salary & bonus” round
Navigate to Settings > Main settings > “Selection lists” tab > dynamic lists > “Compensation” section and click on the next to “Access level for Salary & bonus round” to configure the settings or make changes.