Simulate Compensation Policies and Budgetary Allocations
Control the budgetary impact of your salary policy by simulating any kind of pay raise scenario (by department, group, function, etc.). Allocate a budget to each country, region, departement, or service that is in line with its current payroll, its performance, the reality of the market, or any combination of criteria.
Simplify the Process of Collection, Follow-Up, and Validation
Automate the most time-consuming stages of the salary review process: allocation of budgets, collection of pay-raise proposals, management follow-up, and validation and consolidation of gathered data. Compensation Cockpit puts an end to data scattered across dead media that are difficult to exploit (Excel files, emails, paper documents, etc.)
Tie to Market Salary Data
Compare your salary ranges and proposed increases to the pertinent regional market data for salaries and inflation rates. Make sure you remain competitive for attracting and retaining talent in each region by structuring your salary schemas appropriately.
Manage Decentralization & Assist Decision-Making
Decentralize your salary review process with the knowledge that your budgetary constraints and your contractual minimums will be respected. Create your own rules (constraints or guidelines) in order to determine the pay raise amounts that your managers can propose. Define the margins within which they can work according to the criteria of your choice.
Benefit from a Powerful Tool that You Already Know How to Use
Without any training or special installation, your managers can capture the proposed pay raises of their employees via a secure web portal or directly in Excel. Different, customizable workflow models offer the option of multi-level validation.
Consolidate International Processes
Access a truly consolidated view of your salary review process, no matter how many countries, subsidiaries, and currencies are involved.
Benefit from a Centralized View in Real-Time
Follow in real-time the progress of the salary review process and, with one click, follow-up with managers who have missed deadlines.