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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.
Gain access to the freshest, largest, most detailed salary dataset in the world with cloud compensation software by PayScale. Stay current on best practices and how to relate them to your business with free compensation whitepapers from PayScale.
PayScale Insight offers a modern compensation software that gives organizations the ability to track and analyze their comp strategy with fresh salary data. Benchmark a position based on your job description, title, and compensable factors and price it to the market. Track trends by job or talent market in an easy-to-use solution. Leverage the world’s largest and most comprehensive database of salary profiles. Match unique or specialized positions to the market with the freshest data available. A successful compensation strategy includes the communication plan. Give executives a helicopter view of business metrics and create a culture of pay transparency with employees. A key part of a modern compensation strategy is understanding not just what will happen today, but projecting the future strategy. Model what-if scenarios, experiment, and understand the potential impact of decisions. Project the impact of common HR events: various hiring strategies, opening a new location, managing a merger of acquisition, all in a private, foolproof environment.
PayScale Benchmark allows organizations to address their compensation data gaps and remain competitive in the market. Avoid data gaps from traditional surveys or buying surveys that give you data you’ll never use. With 54 million salary profiles and 15,000 job titles—PayScale has the world’s largest database of salary profiles. Easily find the answer to compensation questions with fresh data and a few clicks. Go beyond Excel and utilize an intuitive, cloud based software. Track trends in specific markets and understand how positions can impact your strategy. Model data, compare, and analyze scenarios to get a full picture of your competitive markets. Build pay ranges based on your unique jobs. Compare your positions to the market and optimize the structure as you go forward.