Design Incentive Compensation Plans that are Faithful to Your Strategy
Compensation Cockpit offers great flexibility, allowing you to create fully customized incentive compensation plans that will evolve with your company ant that can be adapted to changing market conditions. Easily create rules to calculate earnings, trigger payments and adjustments, and handle exceptions. These rules can be modified retroactively, effecting the automatic regularization of the affected compensation.
Create Incentive Compensation Plans that Boost Performance
A management solution, the Compensation Cockpit software goes beyond the simple calculation of compensation; it allows you to create upstream simulations of scenarios and to measure the downstream impact and cost-effectiveness of the implemented plans. You will have access to a powerful decision-making aid allowing you to remunerate based on the real performance of your sales force and distribution channels. Your incentive compensation plans will reach their full potential as managerial and motivational tools, tied to key performance indicators and management by objective goals.
Enjoy Total Transparency in Incentive Compensation
Thanks to its secured self-service reporting, Compensation Cockpit makes communication transparent at each level of the organization. Managers can follow the performance and variable compensation of their team of employees or distribution network. Each sales person or distributor can access the details of his or her variable compensation and its calculation on a dedicated, password-protected portal. He or she can also receive management reports directly via email.
Eliminate the Risk of Errors and Claims
Compensation Cockpit integrates intuitively and unobtrusively with the primary ERP solutions of the market country. Via a central hub it collects data useful for the organization: structure, business-specific information, compensation rules and criteria, performance, etc. This data is then cleaned, standardized, and confirmed in order to ensure the reliability of calculations. By automating the entire process of incentive compensation and by making it fully traceable, Compensation Cockpit eliminates the inherent risk of error and complications involved in manual manipulation of the data: unjustified extra costs, claims, and loss of productivity and motivation.
Benefit from a Powerful Tool that You Already Know How to Use
Thanks to its intuitive browser-based interface, users find themselves in a familiar environment when working with Compensation Cockpit and can easily locate everything they need. With little or no training, your employees and managers can work independently as soon as they have their personalized passwords. The program is always available, accessible from any web browser.
Compensation Cockpit is also natively integrated with Microsoft Office. For example, with one click, any report or form can be exported to Excel, retaining all drill downs and expansions, for further analysis using Excel functionality, or for working offline.