Compensation

Compensation provides an easy way for organizations to compensate employees fairly and simplify the merit increase process. This powerful tool helps you prepare for your merit increase cycle quickly and accurately, and helps managers align compensation directly to employee performance.

Merit guidelines in the compensation worksheet take into account current performance, the employee’s place in the salary range, and/or their compa-ratio. Managers can quickly review past salary information and current performance ratings, and use this information to make accurate, objective adjustments to their employees' compensation.

After any merit adjustments have been made, the worksheet is routed to other managers and stakeholders for approval using the compensation workflow feature. Once the worksheet earns all its necessary approvals, the employee is ready for payroll processing.

Note: Access to the compensation worksheet is controlled by system settings and user permissions. If you don't see the Compensation option, then your system may not be enabled with the compensation module, or you may not have the necessary permissions to access the worksheet.