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Having the right information and tools readily available is key to making informed compensation decisions for your employees. UltiPro Compensation Management helps you make effective decisions regarding future compensation for individuals, or entire teams.
With UltiPro Compensation Management managers can quickly and easily review salary budgets and guidelines, and determine the best way to allocate pay increases to their employees within their budget. UltiPro delivers an efficient and configurable process for allocating rewards, providing the business and talent data necessary to make informed decisions for all employees. A rich and intuitive experience enables managers to easily navigate through the process and keep the focus on their people.
Key features -
PeopleSoft Compensation is a Global solution for administering competitive compensation programs around the world.
Delivered integration with Human Resources, Variable Compensation and ePerformance means you are guaranteed up-to-date information when you need it. PeopleSoft Compensation gives administrators the tools to administer Salary, Cash, and Non-Cash plans that strategically spend compensation dollars and drive performance. PeopleSoft Compensation can utilize a configurable matrix when calculating salary increases. This makes complex calculations based on your business rules easy and efficient, out of the box. Automated proration and eligibility rules further eliminate manual intervention. By performing these processes up front, you ensure your policies are enforced and remove this burden from managers.
With the ability to view compensation figures in the employee’s paid currency, the amounts are easily converted to remain relevant to the user. The global functionality of PeopleSoft Compensation ensures that most text, date formatting, and data elements are appropriate for employees wherever they are located. The application is currently translated into 17 different languages.
PeopleSoft Compensation gives managers the tools to make quick but informed decisions on how to distribute the funding budgets for their group. In addition to group level metrics, they have a complete history of their employees’ compensation over time. With this information managers can redistribute funds as necessary and add notes to support their decisions. Real time balance updates keep track of what you have allocated and how much is available at all times.