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Actions| Incentive Compensation Management |
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| Product Manager | Delphine Neves-Tichoux |
| Product Demo | |
| Product Description |
Compensation Cockpit manages the incentive and variable compensation of sales forces and distribution networks.
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. |
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| BONUS MANAGEMENT |
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| Product Manager | Delphine Neves-Tichoux |
| Product Demo | |
| Product Description |
Compensation Cockpit manages the compensation and performance of employees that receive bonuses, objective-based rewards, and more.
Simplify Processes of Collection, Follow-Up, and Validation Automate the most time-consuming stages of the employee evaluation process: redefining objectives, collecting evaluations, management follow-up, and validation and consolidation of the gathered data. Compensation Cockpit puts an end to data scattered across dead media that are difficult to exploit (Excel files, emails, paper documents, etc.) Automatically Generate Evaluation Forms Fully configurable, the software allows the administrator and managers to compile a personalized library of collective and individual criteria. The tool then automatically generates the forms to be used to evaluate each group of employees in accordance with the criteria that are most pertinent to their profile. Calculate Bonuses Linked to Employee Performance Evaluations Freely create your own levels of employee ratings as well as the conversion rules in compensation amounts (awards, bonuses, etc.) Allow Managers to Capture Data with Ease Without any training or special installation, your managers can capture goals and evaluations for their employees via a secure web portal or directly in Excel. Different, customizable workflow models offer the option of multi-level validation. Benefit from a Centralized View in Real-Time Follow in real-time the progress of the goal attribution and evaluation processes and, with one click, follow-up with managers who have missed deadlines. You will finally have a multidimensional view of performance and the amounts of bonuses within your company (by service, function, criteria, level, etc.). |
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| SALARY REVIEW |
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| Product Manager | Delphine Neves-Tichoux |
| Product Demo | |
| Product Description |
Compensation Cockpit manages the annual salary review and individual performance evaluation processes.
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. |
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| EQUITY MANAGEMENT |
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| Product Manager | Delphine Neves-Tichoux |
| Product Demo | |
| Product Description |
Compensation Cockpit manages stock options, bonus shares, and more.
Simulate Scenarios and Define Budgets for the Allocation of Stock-Options Validate the budgetary coherence of your stock option allocation plan with upstream simulation of your different options (by department, group, position, etc.). Allocate to each country, department, or employee group a budget in keeping with its performance, the reality of the market, or any other combination of criteria. Simplify the Process of Collection, Follow-Up, and Validation Automate the most time-consuming stages of the process: allocation of budgets, collection of allocation proposals, management follow-up, validation, and consolidation. Compensation Cockpit puts an end to data scattered across dead media that are difficult to exploit (Excel files, emails, paper documents, etc.). Manage Decentralization & Assist Decision-Making Decentralize your stock option allocation processes 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 number of stock options 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 capture their allocation proposals via a secure web portal or directly in Excel. Different, customizable workflow models offer the option of multi-level validation. Configure Stock-Option Losses According to Cause Implement your own rules governing the loss of stock options due to retirement, resignation, redundancy, firing, or poor performance. Track and Consolidate Stock-Options (Allocation, Loss, and Vesting) Access a truly consolidated view of allocated stock options, no matter the number of countries and subsidiaries involved. Follow the vesting of stock options - with accounting reconciliation. |
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| When I think about this product I love | |
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