Compensation
Pay for performance with equality
66% of organisations said a pay equity analysis is a planned initiative, a 20% increase from 2021.
Rewarding employees for great performance has always been a key priority for top performing organisation. These organisations now are looking to ensure that paying for performance is done on an equitable basis regardless of who you are in the organisation.
Employee compensation is the largest expense for most companies, yet most organisations rely on email and spreadsheets to manage this complex and highly sensitive process.
The JustRightHR Compensation module removes the manual high-risk nature of offline processes, with the benefit of being able to integrate with talent management, core HR and payroll modules to provide the data required to determine who is truly high-performing and reward them appropriately.
Key functions include:
Intelligent budget optimisation: Modelling tools with built-in intelligence providing recommended actions on how to make the best use of limited budgets and insights on how to strategically allocate resources across the organisation, staying in line with budgets
Multiple Compensation Components: Support for salary, bonus, and equity awards along with integration of benefits and health data
Calibration: Align and provide a clear linkage between employee performance and employee compensation, ensuring equality
What do you get?
Compensation form template (1) with multi-currency support
Group budget
Personal compensation statement (1)
Calibration (support for 1 session during a review period)
Executive review
Get in touch for a free demo or a no-obligation chat today