Compass Cloud is a secure, Software as a Service (SAAS) compensation management tool designed to make the process of administering employee compensation easier than ever before. At the lowest costs available anywhere, HR managers can plan their Merit budgets and set guidelines for line managers on merit, adjustments, lump sums and promotions.
Compensation modeling and budgeting
Build multiple budget models at the press of a button,using a fixed salary increase percent or a merit matrix. Define eligibility rules in minutes and tie them to your models to get a budget forecast. Apply holdbacks for senior leaders for greater flexibility.
Administering compensation
Building your compensation plans and rolling out to managers can be done with a click of few buttons. Effectively monitor the distribution of increases by your managers with effective controls and who-did-what-and-when audits.
Manager self-service
Managers will have exactly the right information to effectively provide increases to their direct reports and teams. They can keep track of their budgets and analyze team’s pay distribution. Once approved, Managers may distribute Employee Compensation Statements with all the details employees need to understand their compensation.
Global implementation
Managing teams in multiple countries has never been easier, giving managers, senior leaders and HR admins full view of their teams across different countries and in local currency.
Build budgets in a base currency (typically US $) and distribute them down to team levels. Recommendation can be made in the local currency and managers can view both budgets and pay recommendations in the currency of their choice. Language settings adhere to local desktop settings, enabling a familiar view.
Automated workflow and notification
Hierarchy based workflows notify the right people at the right time so the process can be completed in as little as 3-4 weeks. Or, turn off workflows and “use the calendar” for releasing, tracking and closing the system when ready.
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