The Limitations of Using Excel for Compensation Management: Risks and Alternatives |
Motivate your staff to achieve their targets by using pay-for-performance software that links their performance with their compensation. Compose guarantees seamless cross-functional integration and smart data handling, enabling you to evaluate processes and uphold company standards effectively.
With Compose, employees and managers get to be uniquely involved in the review process. Well-defined goals, ratings, and self and peer reviews are all features that create a standardized process that lives within your compensation program.
Key features include:
Having a standardized performance review process that is native to your compensation management system creates multiple benefits. Not only are you able to automate the connection between ratings and pay changes, but you are also able to show your employees why and how they are being paid relative to performance and to their peers.
As a manager, being able to review all your team performance data in aggregate and in detail can be a gamechanger. Making informed pay and strategic decisions is simplified by having all the information right in front of you in a single system.
There is no better way to get a complete picture of how your team is doing and how to reward them.
Learn more about the performance management capabilities of Compose by contacting us today.