The Limitations of Using Excel for Compensation Management: Risks and Alternatives |
Compensation planning and management can be difficult to oversee and monitor without proper controls. With Compose, you are in control. We give you the tools to manage your process dynamically and efficiently. Configure your system the way you want it from Day 1 and you can update it at any point.
No-code technology makes Compose incredibly versatile. You can own the entire process, some of the process, or go full-service.
Configure your compensation program from scratch, or you can start with one of the templates from our library. If you’d prefer to have our world-class professional services team get you started, we can configure your program and let you take over to make changes. Or you can let us handle the entire set-up process (to your specs). No matter which way you choose, no more submitting tickets to an IT department or vendor.
Every and All Compensation Plans
Manage as many plans as you need and plan any type of compensation, including salary, merit, bonus (discretionary & component-based / calculated), commission, equity, carried interest, deferred compensation, one-time payments, sales compensation, vesting, long and short-term incentives, and more. Automatically calculate incentives based on any combination of metrics or goals using the precise formula and structure you need.
Planning Grids (ability to create custom views based on users’ roles)
Compose platform administrators have the ability to easily and flexibly configure familiar spreadsheet-like planning grids for users based on their roles within the organization. Planning Grids display all relevant information for each employee, (ie salary history, performance ratings, compensation plan elements, etc.) Grid elements can also vary by department or team.
Compose gives administrators total flexibility to define the information that each user can access and the actions they can perform. Information is automatically updated as employees join and leave teams. Human resources business partners can also have live visibility into the reviews of the teams they support.
Compose streamlines compensation recommendation and approval processes, which can be custom configured by Compose platform administrators. Compensation recommendations can be routed first to planning managers, and then to any number of upper-level managers for approvals. Approval hierarchy can differ from supervisory reporting relationships. Approval screens can be customized and include email notifications to speed up the review process.
Learn more about the administrator control capabilities of Compose by contacting us today.