Bonus
Incentive Compensation Software
When your compensation module, part of our comprehensive HR software solutions, lacks the flexibility to accommodate the complex incentive plans your business leaders aim to execute, you might find yourself torn between maintaining agility and preserving sanity. Imagine a scenario where you can manage complex incentive structures, including sales compensation structure and LTI compensation, without being overwhelmed by countless spreadsheets for short-term incentive plans. Consider the possibility of a multi-factor bonus system that allows precise allocation of incentive pools as required. To regularly approve innovative incentive plans without the burden of spreadsheet overload, agile incentive compensation software is essential.
BONUS represents the ideal blend of an add-on incentive compensation software: it combines the affordability of a compensation module with the flexibility of a spreadsheet formula engine and the scalability and efficiency of cloud-based software. This makes it an attractive solution for those seeking a cost-effective yet powerful tool to manage incentive compensation with the ease and familiarity of spreadsheets, coupled with the advanced capabilities and accessibility of cloud technology.

- How to create salary structures
- How to conduct pay equity audits
- How to design incentive programs
- How to price jobs using our market data
- How to simplify compensation management
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- How to create salary structures
- How to conduct pay equity audits
- How to design incentive programs
- How to price jobs using our market data
- How to simplify compensation management
By clicking this button, you consent to receiving communications from Salary.com about our products and services. In doing so, you also consent to our Terms of Use and Privacy Policy. You can unsubscribe via email at any time or by visiting our preference center.
Insights You Need to Get It Right
Frequently Asked Questions
What Is a Compensation Plan?
What Is an Example of a Compensation Plan?
Base salary.
Commission structure tied to sales performance.
Bonuses for exceeding targets.
Benefits like health insurance, retirement contributions, and professional development opportunities.
Offer performance incentives.
What Does a Good Compensation Plan Include?
What Is the Compensation Planning Process?
A thorough compensation planning process will involve:
- Doing a job architecture and analysis.
- Benchmarking salary data and market pricing.
- Employee performance evaluation.
- Developing a compensation strategy.
- Communicating the plan with employees within the organization.
- Monitoring and adjusting the plan.
How to Develop a Compensation Plan?
Start by determining your compensation philosophy.
Outline the job architecture by defining roles and levels at your company.
Create guidelines for employee performance evaluations.
Define direct compensation (salary, bonus, and equity).
Define indirect compensation like benefits.
Consider internal and external pay equity.
How to Design a Successful Compensation Planning Strategy?