Enables companies to plan and define employee remuneration data on the basis of reward strategies, including performance-based and competency-based pay, variable pay plans, bonuses and long-term incentives. Supports companies in defining and putting into practice compensation structures throughout their lines of business.
|Software Component Version||ESM ERP 606|
The Compensation Management process component enables your company to support its users in reviewing and monitoring the compensation objects to which employees have been assigned. To this end, users can query the estimated annual salary of a particular employee, or the compensation structure grade to which the employee has been assigned. Users are equally able to query the attendant long-term incentives that apply for the employee.
This process component communicates directly with other process components. It does not use message-based communication.
The following entities are part of this process component:
|Employee Compensation Agreement Statistics In||Group of operations for obtaining statistical information that pertains to compensation at the level of the individual employee.|
|Manage Employee Compensation Agreement||Group of operations for managing data that pertains to the compensation of individual employees in the context of companywide compensation elements.|
|Query Employee Compensation Adjustment Plan In||Group of operations for querying data that pertains to compensation adjustments for individual employees in the context of corresponding compensation adjustment plans.|
|Employee Compensation Adjustment Plan||An Employee Compensation Adjustment Plan is a list of adjustments for one employee.|
|Employee Compensation Agreement||An Employee Compensation Agreement is the set of rules governing an employee’s compensation.|