SutiHR’s Compensation Management module provides you with the right tools to make optimal decisions across the company – from identifying the right talents and allocating salaries to managing bonuses and long-term incentive awards. The solution keeps your managers engaged with strategic compensation plans, reduce waste, and ensure your most valued employees get what they deserve. Every team in the organization can take part in compensation analysis and access the information they need in order to give the right rewards for their employees.
Empower your administrators to define compensation packages, plans, programs, and processes using real-time data, plus help your business take proper action. With an effective online solution, you can use flexible location profiles and currency options to set compensation for all employees around the globe.
Create custom compensation plans based on a wide variety of data, including salary, allowance, merit, bonuses, commissions, and much more. Combine plans, grades, and grade profiles, such as job level within a specific geography, to provide complete package options. You can set up approval hierarchies and workflows for different plans.
From budget modeling to employee communication, the solution puts you in control of the complete compensation cycle. Quickly create rules for every plan, initiate and maintain the process with managers, and pre-calculate awards based on factors you determine.
Supervise salary reviews globally while adhering to local guidelines and policies. Budget and track all salary processes and related costs all in one platform – the solution provides broad salary views for HR, Finance, Managers, and Employees. Create custom bonus schemes aligned with corporate and regulatory guidelines.
Empower managers to allocate their budgets wisely and help drive your talent retention, engagement, and keep the business growing.
The software provides you with clear and reliable budgeting control, displaying your total budget, how much is used, and how much remains.
Based on employees' current salary, performance scores, and overall budget, the system automatically recommends increment increases. It allows you to modify and finalize new compensation plans easily.
Robust analytics and reporting capabilities help you transform data into insights by improving the performance of your workforce with an analytical view over your compensation processes.