Salary review has never been easier!
Are you struggling to consolidate many different spreadsheets with salary proposals from managers? And you are also intent on ensuring that salary adjustments are based more on fact than on subjective evaluations?
If so, CatalystOne™ Compensation Manager can help you establish a much more efficient and fair process for salary adjustments and variable pay (bonuses).
Each manager is guided through the process and can propose the allocation of their salary budget among their staff on the basis of, e.g. market value, performance and company guidelines. Managers’ suggestions are aggregated and HR can easily identify any deviations from the guidelines.
Benefits of CatalystOne™ Compensation Manager
- easier for managers to allocate their salary budget
- easier to enforce salary policies and stay within budgetary limits
- time-saving for both managers and HR to have everything in one system
- more secure than emailing information on salary and bonuses as spreadsheets
- managers and employees have access to salary history
CatalystOne™ Compensation Manager can be linked to employee appraisals in Appraisal Manager, where evaluations can be used as a basis for salary adjustments.