It’s no surprise that compensation remains one of the top factors driving employee motivation and productivity. A strong compensation strategy is key to hiring and retaining qualified employees. isolved Compensation Management gives clients the power to manage the entire process from start to finish within our intelligently connected platform. The Compensation Dashboard even offers complete visibility into annual merit increases, salaries, bonuses and more across their organization.
The benefits of offering
Compensation Management software
As a partner in the isolved Network, you can offer your clients access to a comprehensive HCM solution that includes tools to improve your compensation strategy. With isolved Compensation Management, clients can automate complex, time-consuming and costly processes to streamline decisions that align with employee and business goals. This comprehensive solution lets your clients drive employee motivation, engagement, performance and retention, while improving operational efficiency and ultimately, their bottom line. They will appreciate having a single source of truth via isolved’s intelligently connected platform that grows with them to plan, manage and execute the entire compensation process
Compensation Management Features That Will Give
Your Clients a Competitive Edge
isolved Compensation Management offers a variety of features that make
our software a strong choice for many businesses. Here’s how:
Easily Manage the Compensation Process from Beginning to End
Create and manage compensation events, set up eligibility rules, and easily enter an amount or percent change for merit increases and bonuses, as well as notes for each. Assign approvers with tasks and set up reminders to ensure they’re completed in a timely manner.
Automate Complex Compensation Tasks
Your clients can view all events, plans and statuses in one place, and automate the compensation process so changes flow directly to payroll.
Become More Data Driven and Strategic
Using isolved Predictive People Analytics, clients can view and drilldown on useful analytics in the Compensation Dashboard including compra-ratio comparisons, average annual base salary and more. They can also get access to metrics that matter via isolved Benchmark Insights to analyze industry averages and ensure they’re offering competitive salaries.
Gain Complete Visibility
HR teams can display specific factors on the Compensation Analysis grid to ensure they have the data they need readily available to make the best decisions for their employees and the business. They can also track workflows and enable users to view assigned and completed tasks to see where they are in the process without anything falling through the cracks.