Establishing pay-for-performance has never been easier
More and more organizations are realizing the bottom line benefits of a pay-for-performance culture. Without the right tools, however, it's not a simple undertaking. Properly rewarding top producers and allocating pay increases across an organization can be a complex, laborious and error-prone task—especially if it is being managed manually using a plethora of spreadsheets and paper.
Halogen eCompensation is an affordable, web-based solution that greatly simplifies and automates the entire compensation adjustment process. It provides all levels of management with secure, simple to use tools to allocate merit-based compensation including base salary, variable pay, bonus pay, and stock options.
Halogen eCompensation helps simplify and streamline this process in several ways:
- It can suggest pay adjustments based on appraisal scores and other criteria
- It provides convenient access to background information on every employee such as performance appraisals, journal notes, goals and development plans, and rules and guidelines for their adjustment
- It automatically verifies all recommendations against established budgets and pay guidelines, flagging those outside corporate policy, and
- Its automated workflow and reminders keep the entire process moving until final approvals are in place.
Allocating pay across an entire organization is a time consuming task—particularly for organizations with multiple management layers. Halogen eCompensation will help in several ways, allowing managers to:
- Complete compensation plans on time—Halogen eCompensation keeps processes moving with its automated workflow, notification reminders and other time saving features. Plus it is available 24/7 through a web browser.
- Establish confidence in company-wide pay rates and adjustments—the products' built in checks and balances reduce errors and helps ensure more accurate and fair compensation adjustments.
- Foster a performance-oriented culture—a culture where employees are focused, productive and appropriately compensated. Halogen eCompensation, together with Halogen eAppraisal provide the essential tools for helping organizations develop a high performance workforce.
- Avoid legal hassles—access to sensitive compensation information is strictly controlled.
For more information, please complete an online info request form.