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Home » Products» HRiQ» HRiQ Talent» HRiQ Talent - Compensation Management

Compensation Management

HRiQ Compensation Management supports unique features for Bonus Payouts and Salary Revision

With HRiQ Compensation Management you can set incentive plans tying them to the Performance of the Employees and generate accordingly the Incentives, Salary Revisions & Bonus pay outs.

 

Features of HRiQ Compensation Management

  • Provides you the capabilities to manage and optimise your employees' compensation schemes thereby increasing their motivation and commitment towards the organisation by reinforcing on a performance-driven culture that orients towards your company's growth.
  • Set Incentive Plans tied to Employee Performance.
  • Generate Bonus Pay outs with integration to Employee Performance and Company Overall Pay out.

Benefits of HRiQ Compensation Management

  • Increase Employee Motivation by communicating Bonus Pay via Automated Bonus Letters.
  • Identify the Staff Compensation using automated tools such as Magic Quadrant.
HRiQ Compensation Management works hand in hand with other modules like Performance Management , Learning Management and Succession Management to help support a holistic, end-to-end talent management strategy.

 

 

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