Incentive and Merit Review
Incentive and Merit Review is full suite of cloud-based modules that enable you to manage and operationalize all components of your bonus and merit review cycle. Deploy configurable screens to managers and leaders to provide the necessary information to calculate bonuses and merit review decisions.
Included in this offering is a highly secure platform that supports customizable hierarchies and can be integrated with all major Human Resource Information Systems. This key functionality is supported through multiple administrative features that include payroll reports, dashboard, reporting and full auditing and tracing of changes. Eliminate the need to email spreadsheets and get at a glance real time information as leaders provide key information.
Incentive and Merit Review Features:
Replace hundreds of spreadsheets in one secure platform that supports all your compensation plans from plan configuration to payment
Real time summaries and executive dashboards
Phase management to support different activities during the bonus cycle
Integration with HRIS
Full auditing and tracing of changes by leaders and administrators
Formulaic and discretionary plans, short-term, long-term and equity-based plans
Full reporting suite including employee statements that can be accessible by employee
Integration with CompTrak’s other modules
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Learn how CompTrak can help you manage and operationalize all components of your bonus and merit review cycle.